It’s Time To Focus On The Long Run With Invitae Corporation (NVTA) stock

Invitae Corporation (NYSE: NVTA) closed the day trading at $2.63 down -3.66% from the previous closing price of $2.73. In other words, the price has decreased by -$0.1000 from its previous closing price. On the day, 7683104 shares were traded. NVTA stock price reached its highest trading level at $2.9300 during the session, while it also had its lowest trading level at $2.6100.

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For a better understanding of NVTA, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 6.20 and its Current Ratio is at 6.40. In the meantime, Its Debt-to-Equity ratio is 10.07 whereas as Long-Term Debt/Eq ratio is at 10.03.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Credit Suisse on August 25, 2022, initiated with a Underperform rating and assigned the stock a target price of $1.

Cowen Downgraded its Outperform to Market Perform on July 26, 2022, whereas the target price for the stock was revised from $8 to $2.50.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 19 when George Sean E sold 11,163 shares for $2.08 per share. The transaction valued at 23,210 led to the insider holds 732,677 shares of the business.

George Sean E sold 44,816 shares of NVTA for $91,420 on Dec 16. The Director now owns 743,840 shares after completing the transaction at $2.04 per share. On Aug 25, another insider, WERNER ROBERT F., who serves as the Chief Accounting Officer of the company, sold 1,350 shares for $3.45 each. As a result, the insider received 4,658 and left with 251,307 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 1.17 while its Price-to-Book (P/B) ratio in mrq is 3.93.

Stock Price History:

Over the past 52 weeks, NVTA has reached a high of $12.04, while it has fallen to a 52-week low of $1.67. The 50-Day Moving Average of the stock is 2.4304, while the 200-Day Moving Average is calculated to be 3.1428.

Shares Statistics:

Over the past 3-months, NVTA traded about 8.34M shares per day on average, while over the past 10 days, NVTA traded about 9.05M shares per day. A total of 237.97M shares are outstanding, with a floating share count of 236.53M. Insiders hold about 1.00% of the company’s shares, while institutions hold 72.90% stake in the company. Shares short for NVTA as of Oct 13, 2022 were 42.99M with a Short Ratio of 43.68M, compared to 38.32M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 18.27% and a Short% of Float of 20.71%.

Earnings Estimates

Current recommendations for the stock of the company come from 10 analysts. On average, analysts expect EPS of -$0.63 for the current quarter, with a high estimate of -$0.41 and a low estimate of -$0.83, while EPS last year was -$0.91. The consensus estimate for the next quarter is -$0.59, with high estimates of -$0.37 and low estimates of -$0.9.

Analysts are recommending an EPS of between -$2.11 and -$2.88 for the fiscal current year, implying an average EPS of -$2.65. EPS for the following year is -$1.63, with 10 analysts recommending between -$1.02 and -$2.09.

Revenue Estimates

10 analysts predict $131.35M in revenue for the current quarter. It ranges from a high estimate of $135.42M to a low estimate of $126.2M. As of the current estimate, Invitae Corporation’s year-ago sales were $126.55M, an estimated increase of 3.80% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $125.44M, a decrease of -0.50% less than the figure of $3.80% in the same quarter last year. There is a high estimate of $129.9M for the next quarter, whereas the lowest estimate is $122.05M.

A total of 11 analysts have provided revenue estimates for NVTA’s current fiscal year. The highest revenue estimate was $520.75M, while the lowest revenue estimate was $511.19M, resulting in an average revenue estimate of $517.43M. In the same quarter a year ago, actual revenue was $460.45M, up 12.40% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $522.74M in the next fiscal year. The high estimate is $581.2M and the low estimate is $477.72M. The average revenue growth estimate for next year is up 1.00% from the average revenue estimate for this year.