During the recent session, Identiv, Inc. (NASDAQ:INVE)’s traded shares were 1,635,542, with the beta value of the company hitting 1.69. At the last check, the stock’s price was $11.63, reflecting an intraday gain of 8.9% or $0.95. The 52-week high for the INVE share is $13.8, that puts it down -18.66% from that peak though still a striking +78.42% gain since the share price plummeted to a 52-week low of $2.51. The company’s market capitalization is $213.32 Million, and the average intraday trading volume over the past 10 days was 41.8 Million shares, and the average trade volume was 121.81 Million shares over the past three months.
Identiv, Inc. (INVE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2. INVE has a Sell rating from none of the analyst(s) out of 3 analysts who have looked at this stock. Neither of the analyst(s) recommend to Hold the stock while none of them suggest Overweight, and 3 recommend a Buy rating for it. None of the analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.11.
Identiv, Inc. (NASDAQ:INVE): Trading Information
Identiv, Inc. (INVE) registered a 8.9% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.34% in intraday trading to $11.84 this Thursday, Apr 08, hitting a weekly high. The stock’s 5-day price performance is 2.97%, and it has moved by 11.64% in 30 days. Based on these gigs, the overall price performance for the year is 38.82%. The short interest in Identiv, Inc. (NASDAQ:INVE) is 97.08 Million shares and it means that shorts have 0.8 day(s) to cover.
The consensus price target of analysts on Wall Street is $13.33, which implies an increase of 14.62% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $13 and $14 respectively. As a result, INVE is trading at a discount of 20.38% off the target high and 11.78% off the low.
Identiv, Inc. (INVE) projections and forecasts
Statistics show that Identiv, Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Identiv, Inc. (INVE) shares have gone up +74.23% during the last six months, with a year-to-date growth rate less than the industry average at -97.06% against 15.5%. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 15.4% this quarter and then jump 76.5% in the quarter after that. In the rating firms’ projections, revenue will increase 15.6% compared to the previous financial year.
Revenue for the current quarter is expected to be $22.16 Million as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $23.31 Million by the end of June 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $17.44 Million and $19.11 Million respectively. In this case, analysts expect current quarter sales to grow by 27.1% and then jump by 22% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 37.5%. While earnings are projected to return -167% in 2021, the next five years will return 0% per annum.
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Identiv, Inc. (NASDAQ:INVE)’s Biggest Investors
Identiv, Inc. insiders own 6.43% of total outstanding shares while institutional holders control 45.48%, with the float percentage being 48.61%. Bleichroeder LP is the largest shareholder of the company, while 47 institutions own stock in it. As of Dec 30, 2020, the company held over 2.2 Million shares (or 12.1% of all shares), a total value of $18.67 Million in shares.
The next largest institutional holding, with 777.06 Thousand shares, is of Kennedy Capital Management, Inc.’s that is approximately 4.28% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $6.6 Million.
Also, the Mutual Funds coming in first place with the largest holdings of Identiv, Inc. (INVE) shares are Vanguard Total Stock Market Index Fund and Fidelity Strategic Advisors Small-Mid Cap Fund. Data provided on Dec 30, 2020 indicates that Vanguard Total Stock Market Index Fund owns about 583,834 shares. This amounts to just over 3.22 percent of the company’s overall shares, with a $4.96 Million market value. The same data shows that the other fund manager holds slightly less at 384.95 Thousand, or about 2.12% of the stock, which is worth about $2.65 Million.