Invivyd Inc (NASDAQ:IVVD) price on Thursday, March 20, rose 2.58% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.74.
A look at the stock’s price movement, the close in the last trading session was $0.72, moving within a range at $0.7231 and $0.8963. The beta value (5-Year monthly) was 0.094. Turning to its 52-week performance, $4.74 and $0.35 were the 52-week high and 52-week low respectively. Overall, IVVD moved -47.24% over the past month.
Invivyd Inc’s market cap currently stands at around $88.35 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-13.
Analysts have a consensus estimate of 34.45M for the company’s revenue for the quarter, with a low and high estimate of 22M and 44.7M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 175.85M, representing a 592.76% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that IVVD is a 50% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 3 recommend IVVD as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
IVVD’s current price about -27.15% and -22.61% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.28, while 7-day volatility ratio is 16.30% and 19.51% in the 30-day chart. Further, Invivyd Inc (IVVD) has a beta value of 0.31, and an average true range (ATR) of 0.20. Analysts have given the company’s stock an average 52-week price target of $9.5, forecast between a low of $9 and high of $10. Looking at the price targets, the low is -1116.22% off current price level while to achieve the yearly target high, price needs to move -1251.35%. Nonetheless, investors will most likely welcome a -1183.78% jump to $9.5 which is the analysts’ median price.
If we refocus on Invivyd Inc (NASDAQ:IVVD), historical trading data shows that trading volumes averaged 2.21 over the past 10 days and 15.77 million over the past 3 months. The company’s latest data on shares outstanding shows there are 119.60 million shares.
The 36.70% of Invivyd Inc’s shares are in the hands of company insiders while institutional holders own 52.34% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 9.36 million on 2025-02-28, giving us a short ratio of 0.25. The data shows that as of 2025-02-28 short interest in Invivyd Inc (IVVD) stood at 1185.99996 of shares outstanding, with shares short rising to 6.62 million registered in 2025-01-31. Current price change has pushed the stock 66.69% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the IVVD stock continues to rise going into the next quarter.
