InnovAge Stock Analysis

INNV -  USA Stock  

USD 4.90  0.15  3.16%

The big decline in price over the last few months for InnovAge Holdingmay raise some interest from sophisticated investors. The stock closed today at a share price of 4.90 on 391,121 in trading volume. The company management teams failed to add value to investors and positioning the firm supply of money to exploit market volatility in December. However, diversifying your holdings with InnovAge Holding Corp or any similar stocks can still protect your portfolios during high-volatility market scenarios. The stock standard deviation of daily returns for 90 days investing horizon is currently 4.67. This high volatility is attributed to the latest market swings and not so good earnings reports for some of the InnovAge Holding Corp partners.
Please see Risk vs Return Analysis.

InnovAge Stock Analysis 

 
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The InnovAge Holding stock analysis report makes it easy to digest most publicly released information about InnovAge Holding and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. InnovAge Stock analysis module also helps to analyze the InnovAge Holding price relationship with some important fundamental indicators such as market cap and management efficiency.

InnovAge Stock Analysis Notes

About 86.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.78. Some equities with similar Price to Book (P/B) outperform the market in the long run. InnovAge Holding Corp had not issued any dividends in recent years. The entity had 1:10 split on the 18th of March 2019. InnovAge Holding Corp. manages and provides a range of medical and ancillary services for seniors in need of care and support to live independently in their homes and communities. InnovAge Holding Corp. was founded in 2007 and is headquartered in Denver, Colorado. InnovAge Holding operates under Medical Care Facilities classification in the United States and is traded on NASDAQ Exchange. It employs 1800 people. To learn more about InnovAge Holding Corp call Bassam Damaj at 844 803 8745 or check out https://www.innovage.com.

InnovAge Holding Quarterly Cost of Revenue

130.74 MillionShare

InnovAge Holding Corp Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. InnovAge Holding's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding InnovAge Holding Corp or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
InnovAge Holding generated a negative expected return over the last 90 days
InnovAge Holding has high historical volatility and very poor performance
InnovAge Holding has a frail financial position based on the latest SEC disclosures
About 86.0% of the company shares are held by company insiders
Latest headline from www.marketwatch.com: InnovAge CEO Maureen Hewitt Resigns Amid Colorado Enrollment Freeze - MarketWatch

InnovAge Holding Corp Upcoming and Recent Events

Earnings reports are used by InnovAge Holding to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to InnovAge Holding previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report9th of February 2017
Next Fiscal Quarter End31st of December 2016
Last Quarter Report30th of September 2016
Last Earning Announcement31st of December 2015

InnovAge Largest EPS Surprises

Earnings surprises can significantly impact InnovAge Holding's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2021-11-09
2021-09-300.05330.07150.018234 
2021-05-10
2021-03-31-0.06960.07150.1411202 
2019-04-01
2019-03-31-0.54-0.81-0.2750 
View All Earnings Estimates

InnovAge Holding SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. InnovAge Holding prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that InnovAge Holding investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial InnovAge Holding Corp specific information freely available to individual and institutional investors to make a timely investment decision.
3rd of January 2022
Financial Statements and Exhibits. Regulation FD Disclosure. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
View
23rd of December 2021
Financial Statements and Exhibits. Other Events
View
12th of November 2021
Financial Statements and Exhibits. Regulation FD Disclosure. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
View
9th of November 2021
Financial Statements and Exhibits. Results of Operations and Financial Condition
View
21st of September 2021
Financial Statements and Exhibits. Results of Operations and Financial Condition
View
10th of May 2021
Financial Statements and Exhibits. Results of Operations and Financial Condition
View

InnovAge Holding Thematic Classifications

In addition to having InnovAge Holding stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Healthcare IdeaHealthcare
USA Equities from Healthcare industry as classified by Fama & French

InnovAge Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as InnovAge Holding is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading InnovAge Holding Corp backward and forwards among themselves. InnovAge Holding's institutional investor refers to the entity that pools money to purchase InnovAge Holding's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Strs OhioCommon Shares35.2 K176 K
Edge Capital Group LlcCommon Shares15 K75 K
Gleason Group IncCommon Shares1000K
Vanguard Group IncCommon Shares1.8 M12 M
Blackrock IncCommon Shares1.5 M10.2 M
Timessquare Capital Management LlcCommon Shares1.5 M10.2 M
Maverick Capital LtdCommon Shares1.2 M7.7 M
Note, although InnovAge Holding's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

InnovAge Market Capitalization

The company currently falls under 'Small-Cap' category with current market capitalization of 612.54 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate InnovAge Holding's market, we take the total number of its shares issued and multiply it by InnovAge Holding's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

InnovAge Profitablity

InnovAge Holding's profitability indicators refer to fundamental financial ratios that showcase InnovAge Holding's ability to generate income relative to its revenue or operating costs. If, let's say, InnovAge Holding is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, InnovAge Holding's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of InnovAge Holding's profitability requires more research than a typical breakdown of InnovAge Holding's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of 2.03 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is normal as compared to the sector avarege. Similarly, it shows Operating Margin (OM) of 8.65 %, which suggests for every 100 dollars of sales, it generated a net operating income of 0.09.
Last ReportedProjected for 2022
Return on Average Assets(0.08) (0.09) 
Return on Average Equity(0.18) (0.18) 
Return on Invested Capital(0.06) (0.06) 
Return on Sales(0.0243) (0.0249) 

Management Efficiency

The entity has return on total asset (ROA) of 0.96 % which means that it generated profit of $0.96 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of 5.35 %, meaning that it created $5.35 on every $100 dollars invested by stockholders. InnovAge Holding management efficiency ratios could be used to measure how well innovage holding corp manages its routine affairs as well as how well it operates its assets and liabilities. Return on Average Assets is likely to drop to -0.09 in 2022. Return on Invested Capital is likely to drop to -0.06 in 2022. InnovAge Holding Goodwill and Intangible Assets are fairly stable at the moment as compared to the past year. InnovAge Holding reported Goodwill and Intangible Assets of 150.35 Million in 2021. Asset Turnover is likely to climb to 1.24 in 2022, whereas Total Assets are likely to drop slightly above 573.6 M in 2022.
Last ReportedProjected for 2022
Book Value per Share 3.11  3.36 
Enterprise Value over EBIT(143.10) (154.39) 
Enterprise Value over EBITDA(485.10) (523.39) 
Price to Book Value 7.77  7.72 
Tangible Assets Book Value per Share 3.73  3.36 
Enterprise Value2.5 B2.5 B
Tangible Asset Value461.2 M422.1 M

Technical Drivers

As of the 26th of January, InnovAge Holding retains the risk adjusted performance of (0.21), and Market Risk Adjusted Performance of (23.43). InnovAge Holding technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for InnovAge Holding Corp, which can be compared to its competitors. Please check out InnovAge Holding Corp coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness to decide if InnovAge Holding is priced fairly, providing market reflects its last-minute price of 4.9 per share. Given that InnovAge Holding Corp has jensen alpha of (0.60), we strongly advise you to confirm InnovAge Holding Corp's regular market performance to make sure the company can sustain itself at a future point.

InnovAge Holding Corp Price Movement Analysis

The output start index for this execution was one with a total number of output elements of two hundred twenty-seven. The Parabolic SAR indicator is used to determine the direction of InnovAge Holding Corp's momentum and the point in time when InnovAge Holding has higher than normal probability directional change. View also all equity analysis or get more info about parabolic sar overlap studies indicator.

InnovAge Holding Corp Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific InnovAge Holding insiders, such as employees or executives, is commonly permitted as long as it does not rely on InnovAge Holding's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases InnovAge Holding insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

InnovAge Holding Predictive Daily Indicators

InnovAge Holding intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of InnovAge Holding stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

InnovAge Holding Forecast Models

InnovAge Holding time-series forecasting models is one of many InnovAge Holding's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary InnovAge Holding's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

About InnovAge Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how InnovAge Holding stock is reacting to, or reflecting on a current stock market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling InnovAge shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual stock such as InnovAge Holding. By using and applying InnovAge Stock analysis, traders can create a robust methodology for identifying InnovAge entry and exit points for their positions.
Last ReportedProjected for 2022
EBITDA Margin(0.0072) (0.007389) 
Gross Margin 0.31  0.31 
Profit Margin(0.06) (0.06) 
InnovAge Holding Corp. manages and provides a range of medical and ancillary services for seniors in need of care and support to live independently in their homes and communities. InnovAge Holding Corp. was founded in 2007 and is headquartered in Denver, Colorado. InnovAge Holding operates under Medical Care Facilities classification in the United States and is traded on NASDAQ Exchange. It employs 1800 people.

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Please see Risk vs Return Analysis. Note that the InnovAge Holding Corp information on this page should be used as a complementary analysis to other InnovAge Holding's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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When running InnovAge Holding Corp 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 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.
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 InnovAge Holding value 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.