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Saturday, December 2, 2023

The Street Is Finally Waking Up To Invitae Corp (NYSE: NVTA)

After Hours

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. After-hours trades for Invitae Corp (NVTA) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0052, or 0.90%, to $0.584. The Invitae Corp has recorded 8,940 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Invitae Reports Third Quarter 2023 Financial Results.

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Stocks Info

Invitae Corp is listed on the NYSE as a member of the Healthcare sector and is a part of the Diagnostics & Research industry. At the end of the last regular session, the stock closed at $0.58 and fluctuated between $0.5895 as its day high and $0.5350 as its day low. The current market capitalization of Invitae Corp is $165.82M. A total of 6.35 million shares were traded on the day, compared to an average of 11.65M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, NVTA has seen 2 BUY and 0 SELL insider trades, representing the acquisition of 1,700,000 and the disposition of 0 shares. Over the last 12 months, there were 16 BUYs and 14 SELLs from insiders. Insiders purchased 4,355,982 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 the insider 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for NVTA in the last 3 months, the mean price target is $1.31 with high estimates of $4.00 and low estimates of $0.30. In terms of 52-week highs and lows, NVTA has a high of $3.10 and a low of $0.36.

As of this writing, NVTA has an earnings estimate of -$0.26 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$0.18 per share and a lower estimate of -$0.34. The company reported an EPS of -$0.3 in the last quarter, which was 18.90% higher than expectations of -$0.37.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 -$3.78, while its Total Shareholder’s Equity was $2.98B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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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