Innoviva Inc (NASDAQ: INVA) is -1.44% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The INVA stock was last observed hovering at around $17.32 in the last trading session, with the day’s loss setting it -0.22%.
Currently trading at $17.10, the stock is -2.64% and -4.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing -1.27% at the moment leaves the stock -7.32% off its SMA200. INVA registered 16.17% gain for a year compared to 6-month loss of -13.77%. The firm has a 50-day simple moving average (SMA 50) of $17.816 and a 200-day simple moving average (SMA200) of $18.44995.
The stock witnessed a -1.78% gain in the last 1 month and extending the period to 3 months gives it a -1.21%, and is -5.42% 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 4.67% over the week and 2.74% over the month.
Innoviva Inc (INVA) has around 127 employees, a market worth around $1.07B and $372.51M in sales. Current P/E ratio is 81.74 and Fwd P/E is 9.85. Profit margin for the company is 6.28%. Distance from 52-week low is 19.37% and -19.64% from its 52-week high. The company has generated returns on investments over the last 12 months (2.47%).
The EPS is expected to grow by 329.84% this year
340.0 institutions hold shares in Innoviva Inc (INVA), with institutional investors hold 109.99% of the company’s shares. The shares outstanding are 62.66M, and float is at 61.95M with Short Float at 13.92%. Institutions hold 108.93% 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.
Innoviva Inc (INVA) Insider Activity
The most recent transaction is an insider sale by DENNER ALEXANDER J, the company’s 10% Owner. SEC filings show that DENNER ALEXANDER J sold 1,196,746 shares of the company’s common stock on Mar 06 ’25 at a price of $17.52 per share for a total of $20.96 million. Following the sale, the insider now owns 5.66 million shares.
Innoviva Inc disclosed in a document filed with the SEC on Mar 05 ’25 that DENNER ALEXANDER J (10% Owner) sold a total of 270,374 shares of the company’s common stock. The trade occurred on Mar 05 ’25 and was made at $17.63 per share for $4.77 million. Following the transaction, the insider now directly holds 6.86 million shares of the INVA stock.
Still, SEC filings show that on Mar 04 ’25, DENNER ALEXANDER J (10% Owner) disposed off 151,175 shares at an average price of $17.63 for $2.67 million. The insider now directly holds 7,125,825 shares of Innoviva Inc (INVA).
