Market Watch: Identiv Inc (INVE)’s Noteworthy Gain, Closing at 4.28

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As of close of business last night, Identiv Inc’s stock clocked out at $4.28, up 3.38% from its previous closing price of $4.14. In other words, the price has increased by $3.38 from its previous closing price. On the day, 0.52 million shares were traded. INVE stock price reached its highest trading level at $4.57 during the session, while it also had its lowest trading level at $4.1.

Ratios:

To gain a deeper understanding of INVE’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.45 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 79.25. For the most recent quarter (mrq), Quick Ratio is recorded 1.63 and its Current Ratio is at 2.67. In the meantime, Its Debt-to-Equity ratio is 0.21 whereas as Long-Term Debt/Eq ratio is at 0.05.

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 the company, B. Riley Securities on June 26, 2023, Upgraded its rating to Buy and sets its target price to $11 from $10 previously.

B. Riley Securities Downgraded its Buy to Neutral on November 03, 2022, whereas the target price for the stock was revised from $19 to $12.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 15 ’23 when HUMPHREYS STEVEN bought 5,000 shares for $6.93 per share. The transaction valued at 34,650 led to the insider holds 149,215 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, INVE now has a Market Capitalization of 100077104 and an Enterprise Value of 93250040. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.88 while its Price-to-Book (P/B) ratio in mrq is 1.42. Its current Enterprise Value per Revenue stands at 0.826 whereas that against EBITDA is -28.4.

Stock Price History:

The Beta on a monthly basis for INVE is 1.36, which has changed by -0.4013986 over the last 52 weeks, in comparison to a change of 0.2704494 over the same period for the S&P500. Over the past 52 weeks, INVE has reached a high of $9.26, while it has fallen to a 52-week low of $4.11. The 50-Day Moving Average of the stock is -32.83%, while the 200-Day Moving Average is calculated to be -41.87%.

Shares Statistics:

It appears that INVE traded 123.06K shares on average per day over the past three months and 207490 shares per day over the past ten days. A total of 23.25M shares are outstanding, with a floating share count of 20.46M. Insiders hold about 12.29% of the company’s shares, while institutions hold 68.09% stake in the company. Shares short for INVE as of 1714435200 were 266035 with a Short Ratio of 2.16, compared to 1711584000 on 140262. Therefore, it implies a Short% of Shares Outstanding of 266035 and a Short% of Float of 1.47.

Earnings Estimates

At present, 3.0 analysts are actively evaluating the performance of Identiv Inc (INVE) in the stock market.On average, analysts expect EPS of -$0.08 for the current quarter, with a high estimate of -$0.04 and a low estimate of -$0.12, while EPS last year was -$0.06. The consensus estimate for the next quarter is $0.01, with high estimates of $0.05 and low estimates of -$0.02.

Analysts are recommending an EPS of between -$0.03 and -$0.37 for the fiscal current year, implying an average EPS of -$0.22. EPS for the following year is -$0.32, with 3.0 analysts recommending between $0.08 and -$0.67.

Revenue Estimates

In the current quarter, 3 analysts expect revenue to total $25M. It ranges from a high estimate of $27M to a low estimate of $24M. As of the current estimate, Identiv Inc’s year-ago sales were $29.55MFor the next quarter, 3 analysts are estimating revenue of $30.2M. There is a high estimate of $34M for the next quarter, whereas the lowest estimate is $27.1M.

A total of 4 analysts have provided revenue estimates for INVE’s current fiscal year. The highest revenue estimate was $119.3M, while the lowest revenue estimate was $99.8M, resulting in an average revenue estimate of $110.35M. In the same quarter a year ago, actual revenue was $116.38MBased on 4 analysts’ estimates, the company’s revenue will be $120.1M in the next fiscal year. The high estimate is $130M and the low estimate is $113.3M.

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