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Invitae - NVTA Stock Forecast, Price & News

$4.45
-0.56 (-11.18%)
(As of 08/16/2022 05:26 PM ET)
Add
Compare
Today's Range
$4.30
$5.01
50-Day Range
$1.90
$8.63
52-Week Range
$1.83
$32.93
Volume
30.86 million shs
Average Volume
11.47 million shs
Market Capitalization
$1.05 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$13.56

Invitae MarketRank™ Forecast

Analyst Rating
Hold
1.82 Rating Score
Upside/​Downside
204.8% Upside
$13.56 Price Target
Short Interest
Bearish
22.01% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.12
Upright™ Environmental Score
News Sentiment
0.25mentions of Invitae in the last 14 days
Based on 33 Articles This Week
Insider Trading
Selling Shares
$303,038 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($2.45) to ($1.85) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.66 out of 5 stars

Medical Sector

113th out of 1,124 stocks

Medical Laboratories Industry

4th out of 28 stocks

NVTA stock logo

About Invitae (NYSE:NVTA) Stock

Invitae Corporation, a medical genetics company, integrates genetic information into mainstream medicine to improve healthcare of people in the United States, Canada, and internationally. The company offers genetic tests in various clinical areas, including hereditary cancer, cardiology, neurology, pediatrics, oncology, metabolic conditions, and rare diseases; digital health solutions; and health data services. It serves patients, healthcare providers, biopharma companies, and other partners. The company was formerly known as Locus Development, Inc. and changed its name to Invitae Corporation in 2012. Invitae Corporation was incorporated in 2010 and is headquartered in San Francisco, California.

Invitae Stock Performance

NYSE:NVTA traded down $0.40 on Tuesday, hitting $4.61. The stock had a trading volume of 1,395,157 shares, compared to its average volume of 34,574,676. The business's 50-day simple moving average is $2.75 and its two-hundred day simple moving average is $5.60. The company has a quick ratio of 6.07, a current ratio of 6.42 and a debt-to-equity ratio of 4.12. Invitae has a 52-week low of $1.83 and a 52-week high of $32.93. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of -0.32 and a beta of 1.82.

Analysts Set New Price Targets

A number of research firms have issued reports on NVTA. SVB Leerink downgraded Invitae from an "outperform" rating to a "market perform" rating in a report on Tuesday, July 19th. Cowen cut Invitae from an "outperform" rating to a "market perform" rating in a research note on Tuesday, July 26th. The Goldman Sachs Group cut their target price on Invitae from $14.00 to $10.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 19th. LADENBURG THALM/SH SH cut Invitae from a "buy" rating to a "neutral" rating in a research note on Wednesday, July 20th. Finally, Piper Sandler assumed coverage on Invitae in a research note on Thursday, June 2nd. They issued an "underweight" rating on the stock. Two research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat, Invitae has an average rating of "Hold" and an average target price of $13.56.

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NVTA Stock News Headlines

Is Soaring Invitae Stock a Smart Buy Now?
Invitae Sees Unusually Large Options Volume (NYSE:NVTA)
Why Invitae Stock Is Skyrocketing Today
Invitae: Q2 Earnings Insights - Benzinga
Invitae (NVTA) Reports Q2 Loss, Lags Revenue Estimates
Invitae (NVTA) Set to Announce Earnings on Tuesday
What's Next for Invitae?
What's Next for Invitae? - TheStreet
See More Headlines
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NVTA Company Calendar

Last Earnings
11/07/2021
Today
8/16/2022
Next Earnings (Estimated)
11/14/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Medical laboratories
Sub-Industry
N/A
Sector
Medical
Fax
N/A
Employees
3,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$13.56
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$6.00
Forecasted Upside/Downside
+204.8%
Consensus Rating
Hold
Rating Score (0-4)
1.82
Research Coverage
11 Analysts

Profitability

Net Income
$-379,010,000.00
Net Margins
-620.70%
Pretax Margin
-631.07%

Debt

Sales & Book Value

Annual Sales
$460.45 million
Book Value
$13.16 per share

Miscellaneous

Free Float
232,678,000
Market Cap
$1.05 billion
Optionable
Optionable
Beta
1.82














NVTA Stock - Frequently Asked Questions

Should I buy or sell Invitae stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Invitae in the last year. There are currently 2 sell ratings and 9 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NVTA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NVTA, but not buy additional shares or sell existing shares.
View NVTA analyst ratings
or view top-rated stocks.

What is Invitae's stock price forecast for 2022?

11 brokerages have issued twelve-month price targets for Invitae's stock. Their NVTA share price forecasts range from $6.00 to $25.00. On average, they predict the company's share price to reach $13.56 in the next year. This suggests a possible upside of 204.8% from the stock's current price.
View analysts price targets for NVTA
or view top-rated stocks among Wall Street analysts.

How have NVTA shares performed in 2022?

Invitae's stock was trading at $15.27 at the start of the year. Since then, NVTA stock has decreased by 70.9% and is now trading at $4.45.
View the best growth stocks for 2022 here
.

When is Invitae's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
View our NVTA earnings forecast
.

How were Invitae's earnings last quarter?

Invitae Co. (NYSE:NVTA) posted its quarterly earnings data on Sunday, November, 7th. The medical research company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.69) by $0.22. The medical research company earned $114.40 million during the quarter, compared to analysts' expectations of $126.56 million. Invitae had a negative trailing twelve-month return on equity of 29.91% and a negative net margin of 620.70%. The business's revenue was up 66.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.62) earnings per share.

What guidance has Invitae issued on next quarter's earnings?

Invitae issued an update on its second quarter 2022 earnings guidance on Tuesday, August, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $136.00 million-$136.00 million, compared to the consensus revenue estimate of $142.74 million.

What is Sean George's approval rating as Invitae's CEO?

59 employees have rated Invitae Chief Executive Officer Sean George on Glassdoor.com. Sean George has an approval rating of 87% among the company's employees.

What other stocks do shareholders of Invitae own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Invitae investors own include NVIDIA (NVDA), Block (SQ), Roku (ROKU), Tesla (TSLA), Alibaba Group (BABA), Trade Desk (TTD), Shopify (SHOP), Salesforce (CRM), Advanced Micro Devices (AMD) and Okta (OKTA).

When did Invitae IPO?

(NVTA) raised $76 million in an initial public offering (IPO) on Thursday, February 12th 2015. The company issued 5,400,000 shares at a price of $13.00-$15.00 per share. J.P. Morgan acted as the underwriter for the IPO and Cowen and Company and Leerink Partners were co-managers.

What is Invitae's stock symbol?

Invitae trades on the New York Stock Exchange (NYSE) under the ticker symbol "NVTA."

Who are Invitae's major shareholders?

Invitae's stock is owned by many different institutional and retail investors. Top institutional shareholders include ARK Investment Management LLC (12.50%), Sumitomo Mitsui Trust Holdings Inc. (7.64%), Nikko Asset Management Americas Inc. (7.64%), Northern Trust Corp (0.93%), JPMorgan Chase & Co. (0.63%) and Renaissance Technologies LLC (0.59%). Insiders that own company stock include Artur Bergman, E Lee Bendekgey, Eric Aguiar, Geoffrey Crouse, Jason W Myers, Katherine Stueland, Kenneth D Knight, Randal W Scott, Robert F Werner, Robert F Werner, Robert L Nussbaum, Robert L Nussbaum, Sean E George, Sean E George, Shelly D Guyer, Thomas Brida and Yafei Wen.
View institutional ownership trends
.

How do I buy shares of Invitae?

Shares of NVTA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Invitae's stock price today?

One share of NVTA stock can currently be purchased for approximately $4.45.

How much money does Invitae make?

Invitae (NYSE:NVTA) has a market capitalization of $1.05 billion and generates $460.45 million in revenue each year. The medical research company earns $-379,010,000.00 in net income (profit) each year or ($13.48) on an earnings per share basis.

How many employees does Invitae have?

The company employs 3,000 workers across the globe.

How can I contact Invitae?

Invitae's mailing address is 1400 16th Street, SAN FRANCISCO CA, 94103. The official website for the company is www.invitae.com. The medical research company can be reached via phone at (415) 374-7782 or via email at ir@invitae.com.

This page (NYSE:NVTA) was last updated on 8/16/2022 by MarketBeat.com Staff

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