Analysts who follow Innoviva Inc (INVA) on average expect it to decline -47.37% over the next twelve months. Those same analysts give the stock an average rating of Strong Sell.
That average rating earns Innoviva Inc an Analyst Ranking of 1, which means it ranks higher than 1 of stocks, based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported.
Investors Observer takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.
What's Happening With Innoviva Inc Stock Today?
Innoviva Inc (INVA) stock has fallen -0.39% while the S&P 500 is unmoved 0% as of 11:25 AM on Tuesday, Jun 23. INVA is down -$0.06 from the previous closing price of $15.26 on volume of 294,739 shares. Over the past year the S&P 500 is higher by 5.86% while INVA has gained 7.04%. INVA earned $1.68 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 9.07.
