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Friday, September 29, 2023

Is Invitae Corporation (NYSE: NVTA) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Invitae Corporation (NVTA) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0141, or 1.46%, to $0.98. The Invitae Corporation has recorded 36,711 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Invitae Hires Industry Veteran Robert Guigley as Chief Commercial Officer.

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Stocks Info

This NYSE-listed company operates within the Diagnostics & Research industry segment, falling under the Healthcare sector. At the end of the last regular session, the stock closed at $0.97 and fluctuated between $1.0100 as its day high and $0.9400 as its day low. The current market capitalization of Invitae Corporation is $246.67M. A total of 7.52 million shares were traded on the day, compared to an average of 9.10M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, NVTA has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 14,165 shares. Over the last 12 months, there were 14 BUYs and 14 SELLs from insiders. Insiders purchased 2,655,982 shares during that period but sold 286,719.

In the most recent transaction, Nussbaum Robert L sold 7,086 shares of NVTA for 1.38 per share on Jun 13. After the transaction, the Chief Medical Officer now owns 569,345 company shares. In a previous transaction on Jun 13, Brida Thomas sold 7,079 shares at 1.38 per share. NVTA shares that owns now total 704,087.

Among the insiders who sold shares, Wen Yafei disposed of 43,452 shares on May 16 at a per-share price of $1.99. This resulted in the Chief Financial Officer holding 700,297 shares of NVTA after the transaction. In another insider transaction, Knight Kenneth D. sold 45,432 shares at $1.20 per share on May 16. Company shares held by the Chief Executive Officer now total 1,671,610.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for NVTA in the last 3 months, the mean price target is $1.70 with high estimates of $4.00 and low estimates of $0.50. In terms of 52-week highs and lows, NVTA has a high of $4.20 and a low of $0.79.

As of this writing, NVTA has an earnings estimate of -$0.31 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of -$0.23 per share and a lower estimate of -$0.39. The company reported an EPS of -$0.37 in the last quarter, which was 5.10% higher than expectations of -$0.39.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. NVTA’s latest balance sheet shows that the firm has $1.05B in Cash & Short Term Investments as of fiscal 2021. There were $1.72B in debt and $144.09M in liabilities at the time. Its Book Value Per Share was -$0.76, while its Total Shareholder’s Equity was $2.98B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NVTA is Buy with a score of 2.11.

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