Recent notable negative changes in fundamentals have impacted Innoviva Inc (NASDAQ: INVA): the stock’s power rating fell below 50, significant quarterly sales deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
Recent meaningful negative changes in investment behavior have impacted Innoviva Inc (NASDAQ: INVA): the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
INVA is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Innoviva has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Innoviva has a neutral Appreciation Score of 54 and a neutral Power Rating of 47, resulting in the Neutral Value Trend Rating.
Recent Price Action
Innoviva Inc (NASDAQ: INVA) stock closed at $17.11 on 7/18/24 after a decline of -2.0%. Moreover, this decline was accompanied by exceptionally high trading volume at 259% of normal. The stock has risen 2.0% during the last week and has been strong relative to the market over the last nine months.
Be the first to comment