Invitae stock: buy or sell
Updated on:
Jan 27th, 2021
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Invitae stock brief
- Invitae closed on Tuesday at $48.15 after sinking a -7.81%.
Should I buy Invitae stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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?
In the current situation of Invitae there is not any eligible buy setup. This doesn't mean we expect a selloff for $NVTA in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Invitae stock?
"To sell or not to sell", if you are holding Invitae stock?. Just as when we have to buy shares, choosing when is appropiate time to sell is not a capricious decision, and we must use our own trading style. Our trading system selects very simple strategies to guide us on when is the best moment to sell a stock. Be aware that these strategies should not be used for selling short Invitae stock
As a rule of thumb, you should not mantain an investment that yields greater losses than those expected by the time of purchase. The moment to sell your stock always has to be determined by the stop-loss (automatic or manual)
Is it time to sell Invitae stock?
In the current situation of Invitae there is not any eligible sell setup, so Invitae stock holders with operations in green can keep their positions
Invitae ratings
In the last month, just one rating was published for Invitae
| Brokerage firm | Rating |
|---|---|
| Jan 20th, 2021 | |
| SVB Leerink | Buy |
Invitae stock analysis
SMAs overview
Supports and resistances
The current resistance levels are:
The current supports are:
Bollinger bands
Since the price surpassed the upper band on January 20, the price corrected downwards by 20.08%
Relative strength index
When the stays for so long below 70 and above 30, without any indication of overvaluation and undervaluation, the indicator becomes of little use, and we find ourselves in one of these situations.
Invitae stock price history
Invitae went public priced at an adjusted price1 of $17.50 on Feb 2015. Since then, NVTA stock has risen by 175.14%, with an average of 35.03% per year. An investment of thousand dollars at that time would be valued $2,751.43 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 issue their analysis predicting how a particular stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions release their price forecasts based on the stock price action and the company fundamental data. Most of these estimates follow the release of new fundamental data by the company, and usually. Again, these targets are not direct recommendations for small traders and must not be trusted blindly.
There is just one price target available for Invitae that forecasts a price of $64.00.
| Brokerage firm | Price target |
|---|---|
| Jan 20th, 2021 | |
| SVB Leerink | $48.00 → $64.00 |
Earnings and financials
Earnings event was hosted by Invitae ($NVTA) last November after presenting the financial report. Invitae posted earnings of $-0.62 per share on sales of $68.7 million. The market estimate was $-0.66 per share on revenue of $60.1 million.
Compared to the same quarter one year ago, EPS was $-0.69, so current EPS is a improvement of 10.14%. Turnover skyrocketed a 21.62% on an annualized basis in the , from $565.1M to $687.3M last quarter.Invitae ($NVTA) posts quarterly earnings report mid next February.
Invitae performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Invitae ($NVTA) | -4.70% | 7.70% | 51.40% |
Important:
The viewpoints contained in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this article does not have any knowledge of the specific circumstances of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are published for general educational purposes onlyInvitae summary
| Tuesday, January 26th, 2021 | |
|---|---|
| Open | $53 |
| Close | $48.15 |
| Day range | $47.91 - $53.74 |
| Previous close | $52.23 |
| Session gain | -7.81% |
| Average true range | $5.44 |
| 50d mov avg | $49.68 |
| 100d mov avg | $46.32 |
| 200d mov avg | $35.23 |
| Earnings date | February 17th, 2021 |