Invitae Corporation (NYSE: NVTA) is -83.24% lower on its value in year-to-date trading and has touched a low of $1.83 and a high of $32.30 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NVTA stock was last observed hovering at around $2.77 in the last trading session, with the day’s loss setting it -0.21% off its average median price target of $2.50 for the next 12 months. It is also 36.0% off the consensus price target high of $4.00 offered by 11 analysts, but current levels are -156.0% lower than the price target low of $1.00 for the same period.
Currently trading at $2.56, the stock is -20.98% and -18.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.29 million and changing -7.58% at the moment leaves the stock -62.98% off its SMA200. NVTA registered -91.93% loss for a year compared to 6-month loss of -68.93%.
The stock witnessed a -24.93% gain in the last 1 month and extending the period to 3 months gives it a -8.90%, and is -26.44% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.47% over the week and 12.57% over the month.
Invitae Corporation (NVTA) has around 2300 employees, a market worth around $659.07M and $500.80M in sales. Distance from 52-week low is 39.89% and -92.07% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.70%).
Invitae Corporation (NVTA) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Invitae Corporation (NVTA) is a “Underweight”. 11 analysts offering their recommendations for the stock have an average rating of 3.10, where 8 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.
Invitae Corporation is expected to release its quarterly report on 11/07/2022.The EPS is expected to grow by 59.80% this year
Invitae Corporation (NVTA) Top Institutional Holders
The shares outstanding are 232.12M, and float is at 228.85M with Short Float at 17.70%.
Invitae Corporation (NVTA) Insider Activity
A total of 29 insider transactions have happened at Invitae Corporation (NVTA) in the last six months, with sales accounting for 11 and purchases happening 18 times. The most recent transaction is an insider sale by WERNER ROBERT F., the company’s Chief Accounting Officer. SEC filings show that WERNER ROBERT F. sold 1,350 shares of the company’s common stock on Aug 25 at a price of $3.45 per share for a total of $4658.0. Following the sale, the insider now owns 0.25 million shares.
Invitae Corporation disclosed in a document filed with the SEC on Aug 16 that Brida Thomas () sold a total of 7,048 shares of the company’s common stock. The trade occurred on Aug 16 and was made at $4.55 per share for $32071.0. Following the transaction, the insider now directly holds 0.39 million shares of the NVTA stock.
Still, SEC filings show that on Aug 16, Nussbaum Robert L (Chief Medical Officer) disposed off 7,048 shares at an average price of $4.55 for $32071.0. The insider now directly holds 396,532 shares of Invitae Corporation (NVTA).
Invitae Corporation (NVTA): Who are the competitors?
The company’s main competitors (and peers) include HTG Molecular Diagnostics Inc. (HTGM) that is trading -89.71% down over the past 12 months.