In last trading session, InnovAge Holding Corp (NASDAQ:INNV) saw 0.44 million shares changing hands with its beta currently measuring 0.40. Company’s recent per share price level of $4.19 trading at $0.66 or 18.70% at ring of the bell on the day assigns it a market valuation of $567.56M. That closing price of INNV’s stock is at a discount of -59.67% from its 52-week high price of $6.69 and is indicating a premium of 15.99% from its 52-week low price of $3.52. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 79670.0 shares which gives us an average trading volume of 44.65K if we extend that period to 3-months.
For InnovAge Holding Corp (INNV), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3.50. 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. 3 suggested the stock as a Hold whereas 0 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 in the current quarter.
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InnovAge Holding Corp (NASDAQ:INNV) trade information
Upright in the green during last session for gaining 18.70%, in the last five days INNV remained trading in the red while hitting it’s week-highest on Monday, 12/16/24 when the stock touched $4.19 price level, adding 8.71% to its value on the day. InnovAge Holding Corp’s shares saw a change of -30.17% in year-to-date performance and have moved -5.63% in past 5-day. InnovAge Holding Corp (NASDAQ:INNV) showed a performance of -10.85% in past 30-days. Number of shares sold short was 0.31 million shares which calculate 7.21 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 8 to the stock, which implies a rise of 47.62% to its current value. Analysts have been projecting 5 as a low price target for the stock while placing it at a high target of 8. It follows that stock’s current price would drop -19.33% in reaching the projected high whereas dropping to the targeted low would mean a loss of -19.33% for stock’s current value.
InnovAge Holding Corp (INNV) estimates and forecasts
Statistics highlight that InnovAge Holding Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -18.00% of value to its shares in past 6 months, showing an annual growth rate of 62.50% while that of industry is 6.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 11.11% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 210.23M for the same. And 4 analysts are in estimates of company making revenue of 214.14M in the next quarter. Company posted 188.9M and 193.07M of sales in current and next quarters respectively a year earlier.
InnovAge Holding Corp (NASDAQ:INNV)’s Major holders
Insiders are in possession of 85.03% of company’s total shares while institution are holding 11.89 percent of that, with stock having share float percentage of 79.44%. Investors also watch the number of corporate investors in a company very closely, which is 11.89% institutions for InnovAge Holding Corp that are currently holding shares of the company. T. ROWE PRICE INVESTMENT MANAGEMENT, INC. is the top institutional holder at INNV for having 4.78 million shares of worth $23.7 million. And as of 2024-06-30, it was holding 3.5149 of the company’s outstanding shares.
The second largest institutional holder is COLISEUM CAPITAL MANAGEMENT, LLC, which was holding about 4.47 million shares on 2024-06-30. The number of shares represents firm’s hold over 3.2881 of outstanding shares, having a total worth of $22.16 million.
