In yesterday’s Wall Street session, Innoviva Inc (NASDAQ:INVA) shares traded at $16.22, up 0.37% from the previous session.
INVA stock price is now 4.78% away from the 50-day moving average and 9.78% away from the 200-day moving average. The market capitalization of the company currently stands at $1.01B.
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On July 20, 2022, Goldman recently initiated its ‘Neutral’ rating on the stock quoting a target price of $16, while ‘Deutsche Bank’ rates the stock as ‘Hold’
In other news, Zhen Marianne, Chief Accounting Officer sold 10,994 shares of the company’s stock on Nov 15 ’23. The stock was sold for $153,810 at an average price of $13.99. Upon completion of the transaction, the Chief Accounting Officer now directly owns 40,158 shares in the company, valued at $0.65 million. A total of 0.99% of the company’s stock is owned by insiders.
During the past 12 months, Innoviva Inc has had a low of $12.22 and a high of $16.86. As of last week, the company has a debt-to-equity ratio of 0.64, a current ratio of 10.42, and a quick ratio of 9.17. According to the stock market information, the enterprise value for the company is $1283828352, which is based on a 7.28 price-to-earnings ratio, a 0.38 price-to-earnings-growth ratio, and a beta of 0.57. The fifty day moving average price for INVA is $15.51 and a two-hundred day moving average price translates $14.7921 for the stock.
The latest earnings results from Innoviva Inc (NASDAQ: INVA) was released for 2024-03-31. The net profit margin was 55.75% and return on equity was 28.67% for INVA. The company reported revenue of $77.5 million for the quarter, compared to $76.37 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.48 percent.
