Invitae stock: buy or sell
Updated on:
Apr 16th, 2021
1
Invitae stock brief
- Invitae stock barely changed -0.03% to close at $39.06 on the stock market on Thursday.
- Invitae Corporation, a medical genetics company, integrates genetic information into healthcare decision-making by clinicians and patients in the United States, Canada, and internationally.
Should I buy Invitae stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $NVTA stock a buy?
Currently, Invitae stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $NVTA will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Invitae stock?
When you are a novel trader and you own stock shares with some profit, it's really hard to decide the correct moment to sell and get your benefits. Trading strategies help us to avoid rash decisions based on our feelings or the noise surrounding the market. We like very simple setups to guide us on when is the best time to sell our shares. Be aware that these setups are not intended for shorting $NVTA stock
As a rule of thumb, you must never mantain an investment that shows a losses greater than those expected by the time of the buy. The moment to sell your stock must always be dictated by the stop-loss (automatic or manual)
Is it time to sell Invitae stock?
Currently, Invitae stock doesn't match any of our preferred sell setups, so if you hold Invitae stock and your operation is in profit probably is not time to sell now
Invitae ratings
In the last month, 2 ratings were published for Invitae
| Brokerage firm | Rating |
|---|---|
| Apr 5th, 2021 | |
| Oppenheimer | |
| Apr 11th, 2021 | |
| SVB Leerink | |
Invitae stock analysis
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
Relative strength index
The has been between the levels of 70 and 30 for several weeks, and therefore, without this indicator really being of any help to us in making any decisions.
Invitae stock price history
Invitae started trading priced at an adjusted price1 of $17.50 on Feb 2015. Since then, NVTA stock has risen by 123.20%, with an average of 20.53% per year. An investment of thousand dollars at that time would worth $2,232.00 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Invitae stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis predicting how a particular stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions post their price estimates based on the stock price action and the company fundamental data. Most of these estimates follow the release of new financial data by the company, and usually. If you are a small trader you should not buy or sell based on these projections.
There is just one price target issued for Invitae that predicts a price of $48.00.
| Brokerage firm | Price target |
|---|---|
| Apr 5th, 2021 | |
| Oppenheimer | $48.00 |
| Apr 11th, 2021 | |
| SVB Leerink | Not available |
Earnings and financials
Last February, Invitae Corporation ($NVTA) reported adjusted EPS for that lowered analysts' expectations. Quarterly EPS was $-0.63 per share versus the estimated $-0.55. This Q4 report represents an earnings surprise of -14.55%. On the contrary, the company said revenue for this quarter was $100.4 million in line with analysts' estimates.
In contrast, the EPS for the same quarter last year was $-0.63, so reported EPS means 0.00%. Looking at sales, figures skyrocketed a 51.51% compared to $662.9M same quarter last year.Invitae ($NVTA) is hosting the Q1 earnings call early next May.
Invitae performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Invitae ($NVTA) | -1.80% | -25.00% | -25.30% |
Disclaimer:
The thoughts contained in this article are personal and not recommendations for you to buy or sell shares. The author of this report does not have any knowledge of the individual situations of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are posted for learning purposes onlyInvitae summary
| Thursday, April 15th, 2021 | |
|---|---|
| Open | $39.39 |
| Close | $39.06 |
| Day range | $38.85 - $39.97 |
| Previous close | $39.07 |
| Session gain | -0.03% |
| Average true range | $3.39 |
| 50d mov avg | $42.06 |
| 100d mov avg | $46.10 |
| 200d mov avg | $42.18 |
| Earnings date | May 4th, 2021 |