Currently, there are 69.19M common shares owned by the public and among those 63.35M shares have been available to trade.
Insiders at the company have transacted a total of 26 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 840,890 shares. Insider sales of the common stock occurred on 5 occasions, with total insider shares sold totaling 14,415 shares.
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However, the script later moved the day high at 15.97, down -0.88%. The company’s stock has a 5-day price change of 1.08% and 14.35% over the past three months. INVA shares are trading -1.12% year to date (YTD), with the 12-month market performance up to 28.11% higher. It has a 12-month low price of $10.64 and touched a high of $16.86 over the same period. INVA has an average intraday trading volume of 685.65K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.53%, -0.94%, and 15.01% respectively.
Institutional ownership of Innoviva Inc (NASDAQ: INVA) shares accounts for 114.46% of the company’s 69.19M shares outstanding.
It has a market capitalization of $1.02B and a beta (3y monthly) value of 0.58. The stock’s trailing 12-month PE ratio is 35.90, while the earnings-per-share (ttm) stands at $0.44. The company has a PEG of 1.86 and a Quick Ratio of 7.31 with the debt-to-equity ratio at 0.83. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.20% over the week and 2.13% over the month.
Analysts forecast that Innoviva Inc (INVA) will achieve an EPS of $0.23 for the current quarter, $0.18 for the next quarter and $0.82 for 2024. The lowest estimate earnings-per-share for the quarter is $0.23 while analysts give the company a high EPS estimate of $0.23. Comparatively, EPS for the current quarter was -$0.98 a year ago. EPS should grow at an annualized rate of 19.34% over the next five years, compared to 15.22% over the past 5-year period.
Looking at the support for the INVA, a number of firms have released research notes about the stock. Goldman stated their Neutral rating for the stock in a research note on July 20, 2022, with the firm’s price target at $16.
