After finishing at $14.82 in the prior trading day, Innoviva Inc (NASDAQ: INVA) closed at $14.75, down -0.47%. In other words, the price has decreased by -$0.07 from its previous closing price. On the day, 654287 shares were traded. INVA stock price reached its highest trading level at $14.89 during the session, while it also had its lowest trading level at $14.69.
Ratios:
Our goal is to gain a better understanding of INVA by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.63. For the most recent quarter (mrq), Quick Ratio is recorded 7.96 and its Current Ratio is at 9.03. In the meantime, Its Debt-to-Equity ratio is 0.67 whereas as Long-Term Debt/Eq ratio is at 0.66.
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, Goldman on July 20, 2022, initiated with a Neutral rating and assigned the stock a target price of $16.
On November 20, 2017, Deutsche Bank started tracking the stock assigning a Hold rating and target price of $13.
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.
DENNER ALEXANDER J bought 8,000 shares of INVA for $104,384 on Jun 06 ’23. The 10% Owner now owns 7,215,000 shares after completing the transaction at $13.05 per share. On Jun 05 ’23, another insider, DENNER ALEXANDER J, who serves as the 10% Owner of the company, bought 7,000 shares for $13.04 each. As a result, the insider paid 91,297 and bolstered with 7,207,000 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, INVA now has a Market Capitalization of 932.60M and an Enterprise Value of 1.19B. As of this moment, Innoviva’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.75, and their Forward P/E ratio for the next fiscal year is 15.05. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.35. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.88 while its Price-to-Book (P/B) ratio in mrq is 1.38. Its current Enterprise Value per Revenue stands at 3.83 whereas that against EBITDA is 5.06.
Stock Price History:
Over the past 52 weeks, INVA has reached a high of $16.86, while it has fallen to a 52-week low of $10.70. The 50-Day Moving Average of the stock is 15.88, while the 200-Day Moving Average is calculated to be 14.03.
Shares Statistics:
The stock has traded on average 737.61K shares per day over the past 3-months and 900.22k shares per day over the last 10 days, according to various share statistics. A total of 63.31M shares are outstanding, with a floating share count of 62.43M. Insiders hold about 1.27% of the company’s shares, while institutions hold 116.20% stake in the company. Shares short for INVA as of Feb 29, 2024 were 13.32M with a Short Ratio of 18.06, compared to 12.19M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 21.07% and a Short% of Float of 34.68%.
Dividends & Splits
The current Payout Ratio is 0.00% for INVA, which recently paid a dividend on Sep 30, 2015 with an ex-dividend date of Sep 08, 2015. Stock splits for the company last occurred on Jun 03, 2014 when the company split stock in a 1241:1000 ratio.
Earnings Estimates
Its stock is currently analyzed by 1 different market analysts. On average, analysts expect EPS of $0.17 for the current quarter, with a high estimate of $0.17 and a low estimate of $0.17, while EPS last year was $0.42. The consensus estimate for the next quarter is $0.22, with high estimates of $0.22 and low estimates of $0.22.
Analysts are recommending an EPS of between $0.81 and $0.81 for the fiscal current year, implying an average EPS of $0.81. EPS for the following year is $0.98, with 1 analysts recommending between $0.98 and $0.98.
Revenue Estimates
1 analysts predict $68M in revenue for the current quarter. It ranges from a high estimate of $68M to a low estimate of $68M. As of the current estimate, Innoviva Inc’s year-ago sales were $61.46M, an estimated increase of 10.60% from the year-ago figure.
A total of 1 analysts have provided revenue estimates for INVA’s current fiscal year. The highest revenue estimate was $300.74M, while the lowest revenue estimate was $300.74M, resulting in an average revenue estimate of $300.74M. In the same quarter a year ago, actual revenue was $310.46M, down -3.10% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $333.75M in the next fiscal year. The high estimate is $333.75M and the low estimate is $333.75M. The average revenue growth estimate for next year is up 11.00% from the average revenue estimate for this year.
