Identiv Inc (NASDAQ: INVE) stock closed at $7.12 on 3/12/24 after a major decline of -17.5%. Moreover, trading volume in this decline was exceptionally high at 439% of normal. The stock has declined -18.2% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
INVE is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Identiv has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Identiv has a very low Appreciation Score of 7 but a neutral Power Rating of 57, producing the Lowest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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