Innoviva Inc (NASDAQ: INVA) is 6.34% higher on its value in year-to-date trading and has touched a low of $14.32 and a high of $21.28 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The INVA stock was last observed hovering at around $18.12 in the last trading session, with the day’s gains setting it 0.33%.
Currently trading at $18.45, the stock is 4.37% and -0.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.8 million and changing 1.82% at the moment leaves the stock 4.05% off its SMA200. INVA registered 12.36% gain for a year compared to 6-month gain of 5.67%. The firm has a 50-day simple moving average (SMA 50) of $18.608 and a 200-day simple moving average (SMA200) of $17.73265.
The stock witnessed a -0.70% loss in the last 1 month and extending the period to 3 months gives it a -7.19%, and is 6.59% up 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 1.83% over the week and 1.77% over the month.
Innoviva Inc (INVA) has around 112 employees, a market worth around $1.15B and $366.55M in sales. Current P/E ratio is 26.82 and Fwd P/E is 10.76. Profit margin for the company is 17.62%. Distance from 52-week low is 28.80% and -13.30% from its 52-week high. The company has generated returns on investments over the last 12 months (6.97%).
with sales reaching $92.59M over the same period.The EPS is expected to shrink by -80.68% this year, but quarterly earnings will post 15.79% year-over-year. Quarterly sales are estimated to grow 7.87% in year-over-year returns.
325.0 institutions hold shares in Innoviva Inc (INVA), with institutional investors hold 119.44% of the company’s shares. The shares outstanding are 62.60M, and float is at 61.95M with Short Float at 16.76%. Institutions hold 118.17% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 9.63 million shares valued at $157.92 million. The investor’s holdings represent 15.4006 of the INVA Shares outstanding. As of 2024-06-30, the second largest holder is SARISSA CAPITAL MANAGEMENT LP with 7.28 million shares valued at $119.34 million to account for 11.6384 of the shares outstanding. The other top investors are FRANKLIN RESOURCES INC which holds 6.62 million shares representing 10.5834 and valued at over $108.52 million, while VANGUARD GROUP INC holds 9.8846 of the shares totaling 6.18 million with a market value of $101.36 million.
