Innovage Holding Corp Stock Analysis

InnovAge Stock Analysis Notes

About 81.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.86. Some equities with similar Price to Book (P/B) outperform the market in the long run. InnovAge Holding Corp recorded a loss per share of 0.23. The entity had not issued any dividends in recent years. The firm had 1:105 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 2000 people. To learn more about InnovAge Holding Corp call Patrick Blair at 844 803 8745 or check out https://www.innovage.com.

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InnovAge Holding Thematic Classifications

InnovAge Stock Institutional Investors

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 a current market capitalization of 543.6 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 those looking for more risk prefer small-cap and mid-cap equities.

InnovAge Profitablity

The company has Profit Margin (PM) of (0.04) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (0.01) %, which suggests for every $100 dollars of sales, it generated a net operating loss of $0.01.

Management Efficiency

InnovAge Holding Corp has return on total asset (ROA) of (0.0366) % which means that it has lost $0.0366 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.1074) %, meaning that it created substantial loss on money invested by shareholders. InnovAge Holding's management efficiency ratios could be used to measure how well InnovAge Holding manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to climb to -0.1 in 2024. Return On Capital Employed is likely to climb to -0.13 in 2024. At this time, InnovAge Holding's Net Tangible Assets are fairly stable compared to the past year. Other Assets is likely to climb to about 4.6 M in 2024, whereas Total Current Assets are likely to drop slightly above 137.7 M in 2024.

Technical Drivers

As of the 24th of April, InnovAge Holding retains the Standard Deviation of 4.13, market risk adjusted performance of (0.18), and Risk Adjusted Performance of (0.06). 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 thirteen technical drivers for InnovAge Holding Corp, which can be compared to its competitors. Please check out InnovAge Holding Corp variance and skewness to decide if InnovAge Holding is priced fairly, providing market reflects its last-minute price of 3.99 per share. Given that InnovAge Holding Corp has information ratio of (0.14), 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

InnovAge Holding Corp Insider Trading Activities

InnovAge Holding Predictive Daily Indicators

InnovAge Holding Corporate Filings

InnovAge Holding Forecast Models

InnovAge Holding's time-series forecasting models are one of many InnovAge Holding's stock analysis techniques aimed at predicting 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 market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how InnovAge Holding prices is reacting to, or reflecting on a current 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.

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. InnovAge analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. InnovAge analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.

InnovAge Holding Corp stock analysis indicators help investors 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 understating and applying InnovAge Holding stock analysis, traders can identify InnovAge Holding position entry and exit signals to maximize returns.

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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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.

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 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.