The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
The price of InnovAge Holding Corp (NASDAQ: INNV) closed at $3.78 in the last session, up 2.44% from day before closing price of $3.69. In other words, the price has increased by $2.44 from its previous closing price. On the day, 54663.0 shares were traded. INNV stock price reached its highest trading level at $3.82 during the session, while it also had its lowest trading level at $3.7.
Ratios:
We take a closer look at INNV’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.21 and its Current Ratio is at 1.21. In the meantime, Its Debt-to-Equity ratio is 0.42 whereas as Long-Term Debt/Eq ratio is at 0.37.
Robert W. Baird Downgraded its Outperform to Neutral on May 16, 2022, whereas the target price for the stock was revised from $6 to $5.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 06 ’24 when DAMATO NICOLE sold 1,660 shares for $6.54 per share. The transaction valued at 10,856 led to the insider holds 231,614 shares of the business.
DAMATO NICOLE sold 7,521 shares of INNV for $45,126 on Sep 17 ’24. The Chief Legal Officer now owns 233,274 shares after completing the transaction at $6.00 per share. On Sep 16 ’24, another insider, DAMATO NICOLE, who serves as the Chief Legal Officer of the company, sold 4,372 shares for $5.95 each. As a result, the insider received 26,013 and left with 240,795 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, INNV now has a Market Capitalization of 512019936 and an Enterprise Value of 566061824. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.65 while its Price-to-Book (P/B) ratio in mrq is 1.96. Its current Enterprise Value per Revenue stands at 0.72 whereas that against EBITDA is 207.121.
Stock Price History:
Over the past 52 weeks, INNV has reached a high of $6.69, while it has fallen to a 52-week low of $3.52. The 50-Day Moving Average of the stock is -21.72%, while the 200-Day Moving Average is calculated to be -26.03%.
Shares Statistics:
According to the various share statistics, INNV traded on average about 52.16K shares per day over the past 3-months and 46310 shares per day over the past 10 days. A total of 135.54M shares are outstanding, with a floating share count of 20.95M. Insiders hold about 84.54% of the company’s shares, while institutions hold 11.86% stake in the company. Shares short for INNV as of 1734048000 were 310026 with a Short Ratio of 5.94, compared to 1731628800 on 303259. Therefore, it implies a Short% of Shares Outstanding of 310026 and a Short% of Float of 1.50999995.
