Innovage Holding Corp Stock Short Ratio

INNV Stock

USD 4.75 0.14 2.86%

InnovAge Holding Corp fundamentals help investors to digest information that contributes to InnovAge Holding's financial success or failures. It also enables traders to predict the movement of InnovAge Stock. The fundamental analysis module provides a way to measure InnovAge Holding's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to InnovAge Holding stock.

Other Current Liab Total Assets

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InnovAge Holding Corp Company Short Ratio Analysis

InnovAge Holding's Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.

Short Ratio

Short Interest

Average Trading Volume

More About Short Ratio | All Equity Analysis

Current InnovAge Holding Short Ratio

13.70 X

Most of InnovAge Holding's fundamental indicators, such as Short Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, InnovAge Holding Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

InnovAge Short Ratio Driver Correlations

Understanding the fundamental principles of building solid financial models for InnovAge Holding is extremely important. It helps to project a fair market value of InnovAge Stock properly, considering its historical fundamentals such as Short Ratio. Since InnovAge Holding's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of InnovAge Holding's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of InnovAge Holding's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Good Will	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Current Deferred Revenue	Net Debt	Net Invested Capital	Long Term Investments	Capital Stock	Net Working Capital
Total Assets		0.94	0.75	0.09	0.92	0.45	0.9	0.99	0.92	0.95	0.98	0.76	0.71	0.88	0.92	-0.12	-0.8	0.86	-0.79	0.51	0.63
Total Stockholder Equity	0.94		0.88	-0.08	0.86	0.22	0.73	0.88	0.73	0.92	0.96	0.76	0.64	0.78	0.9	-0.07	-0.94	0.93	-0.88	0.5	0.67
Net Tangible Assets	0.75	0.88		-0.46	0.82	-0.02	0.49	0.66	0.48	0.77	0.76	0.87	0.48	0.6	0.89	-0.09	-0.83	0.92	-0.98	0.71	0.52
Retained Earnings	0.09	-0.08	-0.46		-0.17	0.41	0.29	0.16	0.28	-0.07	0.15	-0.52	0.1	0.1	-0.22	-0.23	-0.01	-0.13	0.47	-0.62	0.38
Accounts Payable	0.92	0.86	0.82	-0.17		0.4	0.84	0.91	0.85	0.9	0.88	0.9	0.66	0.82	0.99	-0.04	-0.68	0.84	-0.89	0.72	0.44
Long Term Debt	0.45	0.22	-0.02	0.41	0.4		0.63	0.53	0.65	0.4	0.42	0.15	0.55	0.36	0.31	-0.23	-0.09	0.2	-0.05	0.04	0.31
Net Receivables	0.9	0.73	0.49	0.29	0.84	0.63		0.95	0.96	0.86	0.85	0.57	0.68	0.86	0.79	-0.27	-0.54	0.63	-0.57	0.48	0.49
Good Will	0.99	0.88	0.66	0.16	0.91	0.53	0.95		0.96	0.94	0.96	0.71	0.72	0.89	0.89	-0.18	-0.71	0.79	-0.72	0.51	0.6
Total Liab	0.92	0.73	0.48	0.28	0.85	0.65	0.96	0.96		0.85	0.87	0.64	0.69	0.86	0.8	-0.16	-0.52	0.64	-0.56	0.42	0.5
Short Long Term Debt	0.95	0.92	0.77	-0.07	0.9	0.4	0.86	0.94	0.85		0.92	0.78	0.69	0.86	0.91	-0.08	-0.76	0.8	-0.82	0.58	0.5
Total Current Assets	0.98	0.96	0.76	0.15	0.88	0.42	0.85	0.96	0.87	0.92		0.69	0.72	0.85	0.89	-0.16	-0.88	0.9	-0.78	0.41	0.74
Short Term Debt	0.76	0.76	0.87	-0.52	0.9	0.15	0.57	0.71	0.64	0.78	0.69		0.48	0.66	0.93	0.06	-0.56	0.78	-0.93	0.82	0.26
Intangible Assets	0.71	0.64	0.48	0.1	0.66	0.55	0.68	0.72	0.69	0.69	0.72	0.48		0.78	0.65	-0.17	-0.58	0.63	-0.52	0.27	0.54
Common Stock	0.88	0.78	0.6	0.1	0.82	0.36	0.86	0.89	0.86	0.86	0.85	0.66	0.78		0.81	-0.18	-0.62	0.7	-0.65	0.48	0.52
Property Plant Equipment	0.92	0.9	0.89	-0.22	0.99	0.31	0.79	0.89	0.8	0.91	0.89	0.93	0.65	0.81		-0.07	-0.74	0.9	-0.94	0.73	0.49
Current Deferred Revenue	-0.12	-0.07	-0.09	-0.23	-0.04	-0.23	-0.27	-0.18	-0.16	-0.08	-0.16	0.06	-0.17	-0.18	-0.07		0.07	-0.21	0.05	-0.21	-0.53
Net Debt	-0.8	-0.94	-0.83	-0.01	-0.68	-0.09	-0.54	-0.71	-0.52	-0.76	-0.88	-0.56	-0.58	-0.62	-0.74	0.07		-0.91	0.78	-0.27	-0.77
Net Invested Capital	0.86	0.93	0.92	-0.13	0.84	0.2	0.63	0.79	0.64	0.8	0.9	0.78	0.63	0.7	0.9	-0.21	-0.91		-0.9	0.51	0.77
Long Term Investments	-0.79	-0.88	-0.98	0.47	-0.89	-0.05	-0.57	-0.72	-0.56	-0.82	-0.78	-0.93	-0.52	-0.65	-0.94	0.05	0.78	-0.9		-0.78	-0.44
Capital Stock	0.51	0.5	0.71	-0.62	0.72	0.04	0.48	0.51	0.42	0.58	0.41	0.82	0.27	0.48	0.73	-0.21	-0.27	0.51	-0.78		0.01
Net Working Capital	0.63	0.67	0.52	0.38	0.44	0.31	0.49	0.6	0.5	0.5	0.74	0.26	0.54	0.52	0.49	-0.53	-0.77	0.77	-0.44	0.01

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The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.

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InnovAge Price To Sales Ratio

Price To Sales Ratio

0.9

At this time, InnovAge Holding's Price To Sales Ratio is fairly stable compared to the past year.

Based on the latest financial disclosure, InnovAge Holding Corp has a Short Ratio of 13.7 times. This is 251.28% higher than that of the Health Care Equipment & Supplies sector and significantly higher than that of the Health Care industry. The short ratio for all United States stocks is notably lower than that of the firm.

InnovAge Short Ratio Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses InnovAge Holding's direct or indirect competition against its Short Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of InnovAge Holding could also be used in its relative valuation, which is a method of valuing InnovAge Holding by comparing valuation metrics of similar companies.

InnovAge Holding is currently under evaluation in short ratio category among its peers.

InnovAge Holding Current Valuation Drivers

We derive many important indicators used in calculating different scores of InnovAge Holding from analyzing InnovAge Holding's financial statements. These drivers represent accounts that assess InnovAge Holding's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of InnovAge Holding's important valuation drivers and their relationship over time.

		2019	2020	2021	2022	2023	2024 (projected)
Enterprise Value		3.3B	2.8B	494.0M	741.0M	852.2M	809.6M

InnovAge Holding ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, InnovAge Holding's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to InnovAge Holding's managers, analysts, and investors.

Environmental

Governance

Social

InnovAge Holding Institutional Holders

Institutional Holdings refers to the ownership stake in InnovAge Holding that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of InnovAge Holding's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing InnovAge Holding's value.

		Shares
Renaissance Technologies Corp	2024-09-30	141.5 K
Strs Ohio	2024-09-30	62.5 K
Bank Of New York Mellon Corp	2024-06-30	58.3 K
Nuveen Asset Management, Llc	2024-06-30	53.4 K
Morgan Stanley - Brokerage Accounts	2024-06-30	38.4 K
Alliancebernstein L.p.	2024-06-30	36.3 K
Goldman Sachs Group Inc	2024-06-30	31.8 K
Rhumbline Advisers	2024-06-30	27.5 K
Jane Street Group Llc	2024-06-30	25 K
T. Rowe Price Investment Management,inc.	2024-09-30	4.8 M
Coliseum Capital Management Llc	2024-09-30	3.9 M

InnovAge Fundamentals

	Return On Equity	-0.0603
	Return On Asset	-0.0202
	Profit Margin	(0.02) %
	Operating Margin	(0.02) %
	Current Valuation	686.65 M
	Shares Outstanding	135.46 M
	Shares Owned By Insiders	85.03 %
	Shares Owned By Institutions	11.90 %
	Number Of Shares Shorted	327.93 K
	Price To Earning	33.64 X
	Price To Book	2.54 X
	Price To Sales	0.84 X
	Revenue	763.86 M
	Gross Profit	475.82 M
	EBITDA	1.15 M
	Net Income	(23.22 M)
	Cash And Equivalents	184.43 M
	Cash Per Share	1.36 X
	Total Debt	113.03 M
	Debt To Equity	0.24 %
	Current Ratio	2.29 X
	Book Value Per Share	1.93 X
	Cash Flow From Operations	(36.9 M)
	Short Ratio	13.70 X
	Earnings Per Share	(0.12) X
	Target Price	7.0
	Number Of Employees	2.35 K
	Beta	0.39
	Market Capitalization	662.37 M
	Total Asset	547.66 M
	Retained Earnings	(68.31 M)
	Working Capital	34.54 M
	Current Asset	3.06 M
	Current Liabilities	4.22 M
	Net Asset	547.66 M

About InnovAge Holding Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze InnovAge Holding Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of InnovAge Holding using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of InnovAge Holding Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional 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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