Invacare Corporation (NYSE:IVC) price is hovering lower on Monday, September 13, dropping -2.16% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $6.49, with intraday deals fluctuating between $5.15 and $6.9193. The company’s 5Y monthly beta was ticking 0.87. Taking into account the 52-week price action we note that the stock hit a 52-week high of $10.94 and 52-week low of $5.03. The stock subtracted -23.29% on its value in the past month.
Invacare Corporation, which has a market valuation of $223.84 million, is expected to release its quarterly earnings report Oct 27, 2021 – Nov 01, 2021. Analysts tracking IVC have forecast the quarterly EPS to shrink by -0.03 per share this quarter, while the same analysts predict the annual EPS to hit -$0.58 for the year 2021 and up to $0.08 for 2022. In this case, analysts estimate an annual EPS growth of 7.90% for the year and 113.80% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $219.53 million, with the likely lows of $215.9 million and highs of $223.44 million. The average estimate suggests sales growth for the quarter will likely rise by 8.50% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $880.88 million for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 3.50% above that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give IVC a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 4 analysts have assigned IVC a recommendation rating as follows: 1 rate it as a Hold; 3 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Invacare Corporation (IVC) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that IVC’s price is at present -18.09% off the SMA20 and -18.13% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 38.22, with weekly volatility standing at 17.01%. The indicator jumps to 7.52% when calculated based on the past 30 days. Invacare Corporation (NYSE:IVC)’s beta value is holding at 0.92, while the average true range (ATR) indicator is currently reading 0.67. Considering analysts have assigned the stock a price target range of $8.00-$11.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $9.67. Based on this estimate, we see that today’s price at last check is roughly -25.98% off the estimated low and -73.23% off the forecast high. Investors will no doubt be excited to see the share price fall to $10.00, which is the median consensus price, and at that level IVC would be -57.48% from recent price.
Turning out attention to how the Invacare Corporation stock has performed in comparison to its peers in the industry, here’s what we find: IVC’s stock is -2.16% on the day and -3.42% in the past 12 months, while Hill-Rom Holdings Inc. (HRC) traded 0.17% in the latest session and is positioned 72.71% up on its price 12 months ago. Another comparison is with Owens & Minor Inc. (OMI) whose stock price is up 1.71% in the current trading session, and has flourished 127.64% over the past year. Also, Allied Healthcare Products Inc. (AHPI) is currently showing down trend of -4.97% while its price kept floating at 25.49% over the past year. Elsewhere in the market, the S&P 500 Index has stumbled -0.24% in today’s early trading, with the Dow Jones Industrial also seeing a negative session so far with -0.49%.
An analysis of the Invacare Corporation (NYSE:IVC) stock in terms of its daily trading volume indicates that the 3-month average is 475.70K.
Current records show that the company has 34.97M in outstanding shares. The insiders’ percentage holdings are 5.60% of outstanding shares. But the -27.49% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.