The stock of Invitae Corp (NYSE:NVTA) last traded at $0.66, down -1.01% from the previous session.
Data from the available sources indicates that Invitae Corp (NYSE:NVTA) is covered by 10 analysts. The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $4.00 and a low of $0.50, we find $1.50. Given the previous closing price of $0.67, this indicates a potential upside of 123.88 percent. NVTA stock price is now -28.48% away from the 50-day moving average and -53.57% away from the 200-day moving average. The market capitalization of the company currently stands at $175.80M.
In total, 6 analysts have assigned it a hold rating, and 0 have given it a buy rating. Brokers who have rated the stock have averaged $1.84 as their price target over the next twelve months.
In other news, Nussbaum Robert L, Chief Medical Officer sold 7,086 shares of the company’s stock on Jun 13. The stock was sold for $9,757 at an average price of $1.38. Upon completion of the transaction, the Chief Medical Officer now directly owns 569,345 shares in the company, valued at $0.38 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 13, Brida Thomas sold 7,079 shares of the business’s stock. A total of $9,748 was realized by selling the stock at an average price of $1.38. This leaves the insider owning 704,087 shares of the company worth $0.46 million. Insiders disposed of 286,719 shares of company stock worth roughly $0.19 million over the past 1 year. A total of 2.86% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NVTA stock. A new stake in Invitae Corp shares was purchased by BANK OF MONTREAL /CAN/ during the first quarter worth $145,000. ORIN GREEN FINANCIAL, LLC invested $51,000 in shares of NVTA during the first quarter. In the first quarter, CRESSET ASSET MANAGEMENT, LLC acquired a new stake in Invitae Corp valued at approximately $39,000. AQR CAPITAL MANAGEMENT LLC acquired a new stake in NVTA for approximately $39,000. Y-INTERCEPT (HONG KONG) LTD purchased a new stake in NVTA valued at around $36,000 in the second quarter. In total, there are 340 active investors with 61.59% ownership of the company’s stock.
With an opening price of $0.6470 on Monday morning, Invitae Corp (NYSE: NVTA) set off the trading day. During the past 12 months, Invitae Corp has had a low of $0.60 and a high of $3.78. The fifty day moving average price for NVTA is $0.9054 and a two-hundred day moving average price translates $1.4123 for the stock.
The latest earnings results from Invitae Corp (NYSE: NVTA) was released for Jun, 2023. According to the Diagnostics & Research Company, earnings per share came in at -$0.3, beating analysts’ expectations of -$0.37 by 0.07. This compares to -$10.87 EPS in the same period last year. The net profit margin was -161.92% and return on equity was -863.95% for NVTA. The company reported revenue of $120.53 million for the quarter, compared to $136.62 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.78 percent. For the current quarter, analysts expect NVTA to generate $121.02M in revenue.
