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Innoviva Inc (NASDAQ: INVA) closed the day trading at $18.91 down -2.32% from the previous closing price of $19.36. In other words, the price has decreased by -$2.32 from its previous closing price. On the day, 0.58 million shares were traded. INVA stock price reached its highest trading level at $19.46 during the session, while it also had its lowest trading level at $18.73.
Ratios:
For a better understanding of INVA, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.45 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.51. For the most recent quarter (mrq), Quick Ratio is recorded 11.40 and its Current Ratio is at 12.70. In the meantime, Its Debt-to-Equity ratio is 0.68 whereas as Long-Term Debt/Eq ratio is at 0.68.
On July 20, 2022, Goldman started tracking the stock assigning a Neutral rating and target price of $16.
On November 20, 2017, Deutsche Bank started tracking the stock assigning a Hold rating and target price of $13.Deutsche Bank initiated its Hold rating on November 20, 2017, with a $13 target price.
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 Nov 15 ’23 when Zhen Marianne sold 10,994 shares for $13.99 per share. The transaction valued at 153,810 led to the insider holds 40,158 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, INVA now has a Market Capitalization of 1183056896 and an Enterprise Value of 1487300736. As of this moment, Innoviva’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.44, and their Forward P/E ratio for the next fiscal year is 16.59. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.59. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.44 while its Price-to-Book (P/B) ratio in mrq is 1.78. Its current Enterprise Value per Revenue stands at 4.5 whereas that against EBITDA is 7.454.
Stock Price History:
Over the past 52 weeks, INVA has reached a high of $20.19, while it has fallen to a 52-week low of $12.22. The 50-Day Moving Average of the stock is 1.34%, while the 200-Day Moving Average is calculated to be 15.23%.
Shares Statistics:
Over the past 3-months, INVA traded about 513.64K shares per day on average, while over the past 10 days, INVA traded about 546750 shares per day. A total of 63.31M shares are outstanding, with a floating share count of 61.85M. Insiders hold about 1.14% of the company’s shares, while institutions hold 118.56% stake in the company. Shares short for INVA as of 1724976000 were 11689265 with a Short Ratio of 22.76, compared to 1722384000 on 11237305. Therefore, it implies a Short% of Shares Outstanding of 11689265 and a Short% of Float of 36.85.
