Is InnovAge Holding Stock a Good Investment?
InnovAge Holding Investment Advice | INNV |
- Examine InnovAge Holding's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research InnovAge Holding's leadership team and their track record. Good management can help InnovAge Holding navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Health Care Equipment & Supplies space and any emerging trends that could impact InnovAge Holding's business and its evolving consumer preferences.
- Compare InnovAge Holding's performance and market position to its competitors. Analyze how InnovAge Holding is positioned in terms of product offerings, innovation, and market share.
- Check if InnovAge Holding pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about InnovAge Holding's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in InnovAge Holding Corp stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if InnovAge Holding Corp is a good investment.
Sell | Buy |
Hold
Market Performance | Very Weak | Details | |
Volatility | Slightly risky | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Hold | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine InnovAge Holding Stock
Researching InnovAge Holding's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 85.0% of the company shares are held by company insiders. The book value of InnovAge Holding was currently reported as 1.93. The company recorded a loss per share of 0.12. InnovAge Holding Corp had not issued any dividends in recent years. The entity had 1:105 split on the 18th of March 2019.
To determine if InnovAge Holding is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding InnovAge Holding's research are outlined below:
| InnovAge Holding generated a negative expected return over the last 90 days | |
| The company reported the previous year's revenue of 763.86 M. Net Loss for the year was (23.22 M) with profit before overhead, payroll, taxes, and interest of 475.82 M. | |
| InnovAge Holding Corp currently holds about 184.43 M in cash with (36.9 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.36. | |
| InnovAge Holding has a frail financial position based on the latest SEC disclosures | |
| Roughly 85.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: InnovAge Stock Price Passes Below 50-Day Moving Average - Whats Next - MarketBeat |
InnovAge Holding Quarterly Gross Profit |
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InnovAge Holding uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in InnovAge Holding Corp. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to InnovAge Holding's 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.
| 6th of February 2024 Upcoming Quarterly Report | View | |
| 14th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 10th of September 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 30th of June 2023 Last Financial Announcement | View |
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. Below are the table of largest EPS Surprises InnovAge Holding's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-05-07 | 2024-03-31 | -0.03 | -0.04 | -0.01 | 33 | ||
2021-11-09 | 2021-09-30 | 0.05 | 0.06 | 0.01 | 20 | ||
2021-09-21 | 2021-06-30 | 0.06 | 0.05 | -0.01 | 16 | ||
2024-09-10 | 2024-06-30 | -0.03 | -0.01 | 0.02 | 66 | ||
2024-02-06 | 2023-12-31 | -0.03 | -0.01 | 0.02 | 66 | ||
2023-02-07 | 2022-12-31 | -0.09 | -0.07 | 0.02 | 22 | ||
2023-11-07 | 2023-09-30 | -0.04 | -0.08 | -0.04 | 100 | ||
2022-05-10 | 2022-03-31 | 0.02 | -0.02 | -0.04 | 200 |
Know InnovAge Holding's Top 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.
| 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 Holding's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 662.37 M.Market Cap |
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InnovAge Holding's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.05) | (0.05) | |
| Return On Capital Employed | (0.06) | (0.05) | |
| Return On Assets | (0.04) | (0.04) | |
| Return On Equity | (0.08) | (0.08) |
Determining InnovAge Holding's profitability involves analyzing its financial statements and using various financial metrics to determine if InnovAge Holding is a good buy. For example, gross profit margin measures InnovAge Holding's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of InnovAge Holding's profitability and make more informed investment decisions.
Please note, the imprecision that can be found in InnovAge Holding's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of InnovAge Holding Corp. Check InnovAge Holding's Beneish M Score to see the likelihood of InnovAge Holding's management manipulating its earnings.
Evaluate InnovAge Holding's management efficiency
InnovAge Holding Corp has return on total asset (ROA) of (0.0202) % which means that it has lost $0.0202 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.0603) %, 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 -0.05 in 2024. Return On Capital Employed is likely to climb to -0.05 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 129.1 M in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 2.21 | 1.50 | |
| Tangible Book Value Per Share | 1.14 | 0.72 | |
| Enterprise Value Over EBITDA | 642.15 | 674.25 | |
| Price Book Value Ratio | 2.54 | 2.42 | |
| Enterprise Value Multiple | 642.15 | 674.25 | |
| Price Fair Value | 2.54 | 2.42 | |
| Enterprise Value | 852.2 M | 809.6 M |
Leadership effectiveness at InnovAge Holding Corp is a strong indicator of its financial stability. We analyze various metrics to provide insights into the stock's investment viability.
Beta 0.385 |
Basic technical analysis of InnovAge Stock
As of the 25th of November, InnovAge Holding retains the Market Risk Adjusted Performance of (0.15), risk adjusted performance of (0.07), and Standard Deviation of 2.79. 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. 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 4.75 per share. Given that InnovAge Holding Corp has information ratio of (0.15), 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's 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's Outstanding Corporate Bonds
InnovAge Holding issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. InnovAge Holding Corp uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most InnovAge bonds can be classified according to their maturity, which is the date when InnovAge Holding Corp has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Understand InnovAge Holding's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing InnovAge Holding's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.07) | |||
| Market Risk Adjusted Performance | (0.15) | |||
| Mean Deviation | 2.19 | |||
| Coefficient Of Variation | (966.29) | |||
| Standard Deviation | 2.79 | |||
| Variance | 7.78 | |||
| Information Ratio | (0.15) | |||
| Jensen Alpha | (0.53) | |||
| Total Risk Alpha | (0.74) | |||
| Treynor Ratio | (0.16) | |||
| Maximum Drawdown | 11.6 | |||
| Value At Risk | (4.81) | |||
| Potential Upside | 4.28 | |||
| Skewness | 0.085 | |||
| Kurtosis | (0.17) |
| Risk Adjusted Performance | (0.07) | |||
| Market Risk Adjusted Performance | (0.15) | |||
| Mean Deviation | 2.19 | |||
| Coefficient Of Variation | (966.29) | |||
| Standard Deviation | 2.79 | |||
| Variance | 7.78 | |||
| Information Ratio | (0.15) | |||
| Jensen Alpha | (0.53) | |||
| Total Risk Alpha | (0.74) | |||
| Treynor Ratio | (0.16) | |||
| Maximum Drawdown | 11.6 | |||
| Value At Risk | (4.81) | |||
| Potential Upside | 4.28 | |||
| Skewness | 0.085 | |||
| Kurtosis | (0.17) |
Consider InnovAge Holding's intraday 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.
| Accumulation Distribution | 10732.84 | |||
| Daily Balance Of Power | (0.27) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 4.93 | |||
| Day Typical Price | 4.87 | |||
| Price Action Indicator | (0.25) | |||
| Period Momentum Indicator | (0.14) | |||
| Relative Strength Index | 54.37 |
InnovAge Holding Corporate Filings
13A | 13th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
F4 | 8th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 5th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 25th of October 2024 Other Reports | ViewVerify |
InnovAge Stock media impact
Far too much social signal, news, headlines, and media speculation about InnovAge Holding that are available to investors today. That information is available publicly through InnovAge media outlets and privately through word of mouth or via InnovAge internal channels. However, regardless of the origin, that massive amount of InnovAge data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of InnovAge Holding news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of InnovAge Holding relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to InnovAge Holding's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive InnovAge Holding alpha.
InnovAge Holding Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards InnovAge Holding can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
InnovAge Holding Corporate Management
| Maria Lozzano | Chief Officer | Profile | |
| Robin Doerr | Chief Officer | Profile | |
| JD Kennedy | Independent Director | Profile | |
| Cara Babachicos | Chief Officer | Profile | |
| RN MHA | Independent Director | Profile |
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.