In the last trading session, 27.11 million shares of the Invivyd Inc (NASDAQ:IVVD) were traded, and its beta was 0.56. Most recently the company’s share price was $2.04, and it changed around $0.06 or 3.03% from the last close, which brings the market valuation of the company to $244.02M. IVVD currently trades at a discount to its 52-week high of $5.10, offering almost -150.0% off that amount. The share price’s 52-week low was $0.35, which indicates that the current value has risen by an impressive 82.84% since then. We note from Invivyd Inc’s average daily trading volume that its 10-day average is 72.58 million shares, with the 3-month average coming to 12.59 million.
Invivyd Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.67. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended IVVD as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Invivyd Inc is expected to report earnings per share of -0.1 for the current quarter.
Invivyd Inc (NASDAQ:IVVD) trade information
Instantly IVVD has showed a green trend with a performance of 3.03% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.74 on recent trading dayincreased the stock’s daily price by 25.55%. The company’s shares are currently up 360.39% year-to-date, but still up 470.31% over the last five days. On the other hand, Invivyd Inc (NASDAQ:IVVD) is 284.25% up in the 30-day period. We can see from the shorts that 8.27 million shares have been sold at a short interest cover period of 23.71 day(s).
The consensus price target as assigned by Wall Street analysts is $9.5, which translates to bulls needing to increase their stock price by 78.53% from its current value. Analyst projections state that IVVD is forecast to be at a low of $9 and a high of $10.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 13.57M in revenue for the current quarter. 3 analysts expect Invivyd Inc to make 36.89M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 0.00%.
IVVD Dividends
Invivyd Inc’s next quarterly earnings report is expected to be released in March.
Invivyd Inc (NASDAQ:IVVD)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 18.17% of Invivyd Inc shares, and 79.25% of them are in the hands of institutional investors. The stock currently has a share float of 96.84%. Invivyd Inc stock is held by 107.0 institutions, with MAVERICK CAPITAL LTD being the largest institutional investor. By 2024-06-30, it held 10.1764% of the shares, which is about 11.77 million shares worth $12.94 million.
DEEP TRACK CAPITAL, LP, with 9.4742% or 10.95 million shares worth $12.05 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Fidelity Growth Company Fund were the top two Mutual Funds as of Sep 30, 2024 . The former held 2.99 shares worth $6.09 million, making up 2.50% of all outstanding shares. On the other hand, Fidelity Growth Company Fund held roughly 1.95 shares worth around $3.98 million, which represents about 1.63% of the total shares outstanding.
