Invitae stock: buy or sell

NVTA stock price: $39.06 -0.03% At close on Apr 15th, 2021

Updated on:
Apr 16th, 2021

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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

Invitae analysts' ratings - Last month
Brokerage firmRating
Apr 5th, 2021
Oppenheimer
Apr 11th, 2021
SVB Leerink Strong buy

Invitae stock analysis

SMAs overview

NVTA stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $41.31 (5.76% above)
  • R2: $43.99 (12.62% above)
  • R3: $45.11 (15.49% above)
  • The current supports are:

  • S1: $38.38 (-1.74% below)
  • S2: $37.22 (-4.71% below)
  • S3: $35.33 (-9.55% below)
  • Bollinger bands

    NVTA stock Bollinger Bands chart

    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.

    NVTA stock RSI chart

    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

    NVTA stock price history chart

    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.

    Invitae stock price predictions
    Brokerage firmPrice 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

    NVTA performance compared
    Company1m3m6m
    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 only

    Invitae 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 dateMay 4th, 2021

    Frequently asked questions

    What is Invitae stock symbol?

    Invitae Corporation is a public company trading in the US stock market with the NVTA symbol

    Is Invitae stock a buy or sell?

    Invitae received 2 ratings in the last 30 days: 1 bullish, 0 bearish and 0 neutral.

    Will NVTA go up?

    Invitae had different price forecasts published by market analysts in the last 30 days setting the target price to $48.00. That is a 22.89% than the current price ($39.06).