Innovage Holding Corp Stock Price on January 3, 2022
| INNV Stock | USD 4.00 0.09 2.20% |
Below is the normalized historical share price chart for InnovAge Holding Corp extending back to February 05, 2009. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of InnovAge Holding stands at 4.00, as last reported on the 19th of April, with the highest price reaching 4.26 and the lowest price hitting 3.98 during the day.
If you're considering investing in InnovAge Stock, it is important to understand the factors that can impact its price. InnovAge Holding Corp holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11% return per unit of risk over the last 3 months. InnovAge Holding Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out InnovAge Holding's Market Risk Adjusted Performance of (0.17), standard deviation of 4.14, and Risk Adjusted Performance of (0.06) to validate the risk estimate we provide.
At this time, InnovAge Holding's Common Stock Shares Outstanding is fairly stable compared to the past year. Stock Based Compensation To Revenue is likely to climb to 0.01 in 2024, whereas Total Stockholder Equity is likely to drop slightly above 162.3 M in 2024. . At this time, InnovAge Holding's Price To Operating Cash Flows Ratio is fairly stable compared to the past year. Price Cash Flow Ratio is likely to climb to 60.68 in 2024, whereas Price To Sales Ratio is likely to drop 1.61 in 2024. InnovAge Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 4th of March 2021 | 200 Day MA 5.7171 | 50 Day MA 4.7413 | Beta 0.142 |
InnovAge |
Sharpe Ratio = -0.1096
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Estimated Market Risk
| 4.21 actual daily | 37 63% of assets are more volatile |
Expected Return
| -0.46 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.11 actual daily | 0 Most of other assets perform better |
Based on monthly moving average InnovAge Holding is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of InnovAge Holding by adding InnovAge Holding to a well-diversified portfolio.
Price Book 1.8612 | Enterprise Value Ebitda (35.27) | Price Sales 0.7372 | Shares Float 22.2 M | Wall Street Target Price 6.75 |
InnovAge Holding Valuation on January 3, 2022
It is possible to determine the worth of InnovAge Holding on a given historical date. On January 3, 2022 InnovAge was worth 6.21 at the beginning of the trading date compared to the closed value of 6.25. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of InnovAge Holding stock. Still, in general, we apply an absolute valuation method to find InnovAge Holding's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of InnovAge Holding where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against InnovAge Holding's related companies.
| Open | High | Low | Close | Volume | |
04/04/2022 | 6.21 | 6.40 | 6.21 | 6.25 | 86,000 |
| 6.22 | 6.24 | 5.95 | 6.06 | 107,300 |
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InnovAge Holding Trading Date Momentum on January 3, 2022
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.InnovAge Holding Corp Fundamentals Correlations and Trends
By evaluating InnovAge Holding's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among InnovAge Holding's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. InnovAge financial account trend analysis is a perfect complement when working with valuation or volatility modules.About InnovAge Holding Stock history
InnovAge Holding investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for InnovAge is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in InnovAge Holding Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing InnovAge Holding stock prices may prove useful in developing a viable investing in InnovAge Holding
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 135.6 M | 148.2 M | |
| Net Loss | -36.6 M | -34.8 M |
InnovAge Holding Quarterly Net Working Capital |
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InnovAge Holding Stock Technical Analysis
InnovAge Holding technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
InnovAge Holding Period Price Range
Low | April 4, 2022
| High |
6.21 | 6.25 |
InnovAge Holding April 19, 2024 Market Strength
Market strength indicators help investors to evaluate how InnovAge Holding stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading InnovAge Holding shares will generate the highest return on investment. By undertsting and applying InnovAge Holding stock market strength indicators, traders can identify InnovAge Holding Corp entry and exit signals to maximize returns
| Accumulation Distribution | 2553.13 | |||
| Daily Balance Of Power | 0.2105 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 6.31 | |||
| Day Typical Price | 6.29 | |||
| Price Action Indicator | (0.04) | |||
| Period Momentum Indicator | (2.25) |
InnovAge Holding Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for InnovAge Holding's price direction in advance. Along with the technical and fundamental analysis of InnovAge Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of InnovAge to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.66) | |||
| Total Risk Alpha | (0.89) | |||
| Treynor Ratio | (0.18) |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in InnovAge Holding Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for InnovAge Stock analysis
When running InnovAge Holding's price analysis, check to measure InnovAge Holding's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy InnovAge Holding is operating at the current time. Most of InnovAge Holding's value examination focuses on studying past and present price action to predict the probability of InnovAge Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move InnovAge Holding's price. Additionally, you may evaluate how the addition of InnovAge Holding to your portfolios can decrease your overall portfolio volatility.
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Is InnovAge Holding's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of InnovAge Holding. If investors know InnovAge will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about InnovAge Holding listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.88) | Earnings Share (0.23) | Revenue Per Share 5.311 | Quarterly Revenue Growth 0.128 | Return On Assets (0.04) |
The market value of InnovAge Holding Corp is measured differently than its book value, which is the value of InnovAge that is recorded on the company's balance sheet. Investors also form their own opinion of InnovAge Holding's value that differs from its market value or its book value, called intrinsic value, which is InnovAge Holding's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because InnovAge Holding's market value can be influenced by many factors that don't directly affect InnovAge Holding's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between InnovAge Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if InnovAge Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, InnovAge Holding's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.