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Invitae - NVTA Stock Forecast, Price & News

$1.28
+0.04 (+3.23%)
(As of 03/23/2023 12:00 AM ET)
Add
Compare
Today's Range
$1.22
$1.35
50-Day Range
$1.21
$2.73
52-Week Range
$1.18
$9.18
Volume
6.43 million shs
Average Volume
9.28 million shs
Market Capitalization
$313.91 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$4.58

Invitae MarketRank™ Forecast

Analyst Rating
Hold
1.64 Rating Score
Upside/​Downside
257.7% Upside
$4.58 Price Target
Short Interest
Bearish
17.93% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.16
Upright™ Environmental Score
News Sentiment
0.15mentions of Invitae in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($1.50) to ($1.18) Per Share

Overall MarketRank

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

1.92 out of 5 stars

Medical Sector

586th out of 986 stocks

Medical Laboratories Industry

16th out of 26 stocks


NVTA stock logo

About Invitae (NYSE:NVTA) Stock

Invitae Corp. engages in the provision of genetic information into mainstream medical practice. It includes comprehensive panels for hereditary conditions in cancer, cardiology, neurology, pediatric, and rare diseases. The company was founded by Randal W. Scott and Sean E. George on January 13, 2010 and is headquartered in San Francisco, CA.

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NVTA Stock News Headlines

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Invitae (NYSE:NVTA) Coverage Initiated at StockNews.com
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Down 78% in 1 Year, Is There Any Hope Left for Invitae?
Invitae Stock: Approach With Caution
Invitae Reports Preliminary 2022 Financial Results
Is Invitae in Danger of Running Out of Money?
Why Shares of Invitae Rose 11% on Tuesday
Why Invitae Stock Is Crushing It Today
Invitae (NVTA) Q3 2022 Earnings Call Transcript
See More Headlines
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NVTA Company Calendar

Last Earnings
2/28/2023
Today
3/23/2023
Next Earnings (Estimated)
5/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Medical laboratories
Sub-Industry
N/A
Sector
Medical
Fax
N/A
Employees
1,700
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$4.58
High Stock Price Forecast
$8.50
Low Stock Price Forecast
$1.75
Forecasted Upside/Downside
+257.7%
Consensus Rating
Hold
Rating Score (0-4)
1.64
Research Coverage
11 Analysts

Profitability

Net Income
$-3,106,290,000.00
Net Margins
-601.64%
Pretax Margin
-610.34%

Debt

Sales & Book Value

Annual Sales
$516.30 million
Cash Flow
$8.53 per share
Book Value
$0.42 per share

Miscellaneous

Free Float
243,527,000
Market Cap
$313.91 million
Optionable
Optionable
Beta
1.88

Key Executives

  • Kenneth D. Knight
    President, Chief Executive Officer & Director
  • Roxi Wen
    Chief Financial Officer
  • Robert L. NussbaumRobert L. Nussbaum
    Chief Medical Officer
  • Thomas R BridaThomas R Brida
    Secretary & Chief Compliance Officer
  • Robbie Evans
    Chief Strategy Officer













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 4 sell ratings and 7 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 2023?

11 brokerages have issued 1 year price objectives for Invitae's shares. Their NVTA share price forecasts range from $1.75 to $8.50. On average, they anticipate the company's share price to reach $4.58 in the next twelve months. This suggests a possible upside of 257.7% 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 2023?

Invitae's stock was trading at $1.86 on January 1st, 2023. Since then, NVTA shares have decreased by 31.2% and is now trading at $1.28.
View the best growth stocks for 2023 here
.

When is Invitae's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our NVTA earnings forecast
.

How were Invitae's earnings last quarter?

Invitae Co. (NYSE:NVTA) posted its quarterly earnings data on Tuesday, February, 28th. The medical research company reported ($0.34) earnings per share for the quarter, topping the consensus estimate of ($0.55) by $0.21. The medical research company earned $122.45 million during the quarter, compared to the consensus estimate of $120.98 million. Invitae had a negative trailing twelve-month return on equity of 59.44% and a negative net margin of 601.64%. The company's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.81) earnings per share.

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

Invitae updated its FY 2023 earnings guidance on Tuesday, February, 28th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $500.00M-, compared to the consensus revenue estimate of $516.11 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 on Thursday, February 12th 2015. The company issued 5,400,000 shares at $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 retail and institutional investors. Top institutional investors include ARK Investment Management LLC (11.15%), Sumitomo Mitsui Trust Holdings Inc. (7.10%), Nikko Asset Management Americas Inc. (7.10%), Geode Capital Management LLC (1.76%), Charles Schwab Investment Management Inc. (0.72%) and Gilder Gagnon Howe & Co. LLC (0.62%). Insiders that own company stock include Artur Bergman, E Lee Bendekgey, Eric Aguiar, Geoffrey Crouse, Jason W Myers, Katherine Stueland, Kenneth D Knight, 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 $1.28.

How much money does Invitae make?

Invitae (NYSE:NVTA) has a market capitalization of $313.91 million and generates $516.30 million in revenue each year. The medical research company earns $-3,106,290,000.00 in net income (profit) each year or ($13.35) on an earnings per share basis.

How many employees does Invitae have?

The company employs 1,700 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 (628) 213-3369 or via email at ir@invitae.com.

This page (NYSE:NVTA) was last updated on 3/23/2023 by MarketBeat.com Staff