Invivyd Inc (NASDAQ:IVVD) price on Friday, June 13, fall -6.47% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.79.
A look at the stock’s price movement, the close in the last trading session was $0.85. Turning to its 52-week performance, $2.74 and $0.35 were the 52-week high and 52-week low respectively. Overall, IVVD moved -5.25% over the past month.
Invivyd Inc’s market cap currently stands at around $95.01 million, with investors looking forward to this quarter’s earnings report slated for in July.
Analysts have a consensus estimate of 23.16M for the company’s revenue for the quarter, with a low and high estimate of 13.5M and 38.48M respectively. The average forecast suggests up to a 923.01% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 110.78M, representing a 336.44% jump on that reported in the last financial year.
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 -8.57% and 11.66% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.41, while 7-day volatility ratio is 2.03% and 6.54% in the 30-day chart. Further, Invivyd Inc (IVVD) has a beta value of 0.62, and an average true range (ATR) of 0.10. 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 -1039.24% off current price level while to achieve the yearly target high, price needs to move -1165.82%. Nonetheless, investors will most likely welcome a -1102.53% 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 2.05 million over the past 3 months. The company’s latest data on shares outstanding shows there are 119.96 million shares.
The 36.52% of Invivyd Inc’s shares are in the hands of company insiders while institutional holders own 47.09% of the company’s shares. Current price change has pushed the stock 78.74% 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.
