Invivyd Inc (NASDAQ:IVVD) 29.57% Above Its 52-Week Low, But Can It Keep Rising?

In last trading session, Invivyd Inc (NASDAQ:IVVD) saw 0.42 million shares changing hands with its beta currently measuring 0.63. Company’s recent per share price level of $1.15 trading at $0.11 or 10.58% at ring of the bell on the day assigns it a market valuation of $137.36M. That closing price of IVVD’s stock is at a discount of -352.17% from its 52-week high price of $5.20 and is indicating a premium of 29.57% from its 52-week low price of $0.81. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.5 million shares which gives us an average trading volume of 642.22K if we extend that period to 3-months.

For Invivyd Inc (IVVD), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.50. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.33 in the current quarter.

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Invivyd Inc (NASDAQ:IVVD) trade information

Upright in the green during last session for gaining 10.58%, in the last five days IVVD remained trading in the red while hitting it’s week-highest on Monday, 09/23/24 when the stock touched $1.15 price level, adding 9.45% to its value on the day. Invivyd Inc’s shares saw a change of -70.81% in year-to-date performance and have moved -4.17% in past 5-day. Invivyd Inc (NASDAQ:IVVD) showed a performance of 27.78% in past 30-days. Number of shares sold short was 7.4 million shares which calculate 12.16 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 9.5 to the stock, which implies a rise of 87.89% to its current value. Analysts have been projecting 9 as a low price target for the stock while placing it at a high target of 10. It follows that stock’s current price would drop -682.61% in reaching the projected high whereas dropping to the targeted low would mean a loss of -682.61% for stock’s current value.

Invivyd Inc (IVVD) estimates and forecasts

Statistics highlight that Invivyd Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -74.10% of value to its shares in past 6 months, showing an annual growth rate of 66.85% while that of industry is 17.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 33.23M for the same. And 2 analysts are in estimates of company making revenue of 117.6M in the next quarter.

Invivyd Inc (NASDAQ:IVVD)’s Major holders

Insiders are in possession of 18.17% of company’s total shares while institution are holding 80.40 percent of that, with stock having share float percentage of 98.26%. Investors also watch the number of corporate investors in a company very closely, which is 80.40% institutions for Invivyd Inc that are currently holding shares of the company. MAVERICK CAPITAL LTD is the top institutional holder at IVVD for having 11.77 million shares of worth $12.94 million. And as of 2024-06-30, it was holding 10.1764 of the company’s outstanding shares.

The second largest institutional holder is DEEP TRACK CAPITAL, LP, which was holding about 10.95 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.4742 of outstanding shares, having a total worth of $12.05 million.