Innovage Holding Corp Stock Today
| INNV Stock | USD 3.99 0.08 2.05% |
Performance0 of 100
| Odds Of DistressLess than 12
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InnovAge Holding is selling for under 3.99 as of the 29th of April 2024; that is 2.05 percent increase since the beginning of the trading day. The stock's lowest day price was 3.84. InnovAge Holding has less than a 12 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for InnovAge Holding Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of March 2024 and ending today, the 29th of April 2024. Click here to learn more.
Business Domain Health Care Equipment & Services | IPO Date 4th of March 2021 | Category Healthcare | Classification Health Care |
InnovAge Holding Corp. manages and provides a range of medical and ancillary services for seniors in need of care and support to live independently in their homes and communities. InnovAge Holding Corp. was founded in 2007 and is headquartered in Denver, Colorado. The company has 135.9 M outstanding shares of which 358.63 K shares are currently shorted by private and institutional investors with about 12.81 trading days to cover. More on InnovAge Holding Corp
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Follow Valuation Options Odds of Bankruptcy
Financial Report 14th of May 2024
InnovAge Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. InnovAge Holding's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding InnovAge Holding or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President CEO | Patrick Blair | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Healthcare (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Health Care Equipment & Supplies, Health Care Equipment & Services, Health Care, NASDAQ Composite, Healthcare, Health Care, Health Care Equipment & Supplies, Medical Care Facilities, Healthcare (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering InnovAge Holding report their recommendations after researching InnovAge Holding's financial statements, talking to executives and customers, or listening in on InnovAge Holding's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering InnovAge Holding Corp. The InnovAge consensus assessment is calculated by taking the average forecast from all of the analysts covering InnovAge Holding. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators obtained from InnovAge Holding's historical financial statements, InnovAge Holding Corp may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of InnovAge Holding Corp is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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InnovAge Holding's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to InnovAge Holding's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand InnovAge Holding's financial leverage. It provides some insight into what part of InnovAge Holding's total assets is financed by creditors.
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InnovAge Holding Corp (INNV) is traded on NASDAQ Exchange in USA. It is located in 8950 East Lowry Boulevard, Denver, CO, United States, 80230 and employs 2,100 people. InnovAge Holding is listed under Health Care Equipment & Supplies category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 531.37 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate InnovAge Holding's market, we take the total number of its shares issued and multiply it by InnovAge Holding's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. InnovAge Holding Corp conducts business under Health Care Equipment & Supplies sector and is part of Health Care industry. The entity has 135.9 M outstanding shares of which 358.63 K shares are currently shorted by private and institutional investors with about 12.81 trading days to cover.
InnovAge Holding Corp currently holds about 184.43 M in cash with 20.24 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.36.
Check InnovAge Holding Probability Of Bankruptcy
Ownership AllocationInnovAge Holding Corp has a total of 135.9 Million outstanding shares. InnovAge Holding retains majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company's outstanding shares. 81.04 (percent) of InnovAge Holding outstanding shares that are owned by insiders attests that they have been buying or selling the stock in recent months in anticipation of some upcoming event. Please note that no matter how many assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check InnovAge Ownership Details
InnovAge Stock Price Odds Analysis
Depending on a normal probability distribution, the odds of InnovAge Holding jumping above the current price in 90 days from now is about 91.24%. The InnovAge Holding Corp probability density function shows the probability of InnovAge Holding stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 2.6846. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, InnovAge Holding will likely underperform. Additionally, innovAge Holding Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of InnovAge Holding to move above the current price in 90 days from now is about 91.24 (This InnovAge Holding Corp probability density function shows the probability of InnovAge Stock to fall within a particular range of prices over 90 days) .
InnovAge Stock 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.| Instituion | Recorded On | Shares | |
| Renaissance Technologies Corp | 2023-12-31 | 129.8 K | |
| Exoduspoint Capital Management, Lp | 2023-12-31 | 77.8 K | |
| Strs Ohio | 2023-12-31 | 69.8 K | |
| Nuveen Asset Management, Llc | 2023-12-31 | 53.4 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 48.1 K | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 37.8 K | |
| Goldman Sachs Group Inc | 2023-12-31 | 36.7 K | |
| Alliancebernstein L.p. | 2023-12-31 | 33.1 K | |
| Bank Of America Corp | 2023-12-31 | 27.3 K | |
| T. Rowe Price Investment Management,inc. | 2023-12-31 | 4.7 M | |
| Coliseum Capital Management Llc | 2023-12-31 | 4.5 M |
InnovAge Holding Historical Income Statement
InnovAge Holding Corp Income Statement is one of the three primary financial statements used for reporting InnovAge's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of InnovAge Holding Corp revenue and expense. InnovAge Holding Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, InnovAge Holding's Total Other Income Expense Net is fairly stable compared to the past year. Selling And Marketing Expenses is likely to climb to about 22.3 M in 2024, whereas Interest Expense is likely to drop slightly above 1.4 M in 2024. View More FundamentalsInnovAge Stock Against Markets
Picking the right benchmark for InnovAge Holding stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in InnovAge Holding stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for InnovAge Holding is critical whether you are bullish or bearish towards InnovAge Holding Corp at a given time. Please also check how InnovAge Holding's historical prices are related to one of the top price index indicators.
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InnovAge Holding Corporate Management
Elected by the shareholders, the InnovAge Holding's board of directors comprises two types of representatives: InnovAge Holding inside directors who are chosen from within the company, and outside directors, selected externally and held independent of InnovAge. The board's role is to monitor InnovAge Holding's management team and ensure that shareholders' interests are well served. InnovAge Holding's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, InnovAge Holding's outside directors are responsible for providing unbiased perspectives on the board's policies.
| 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 |
How to buy InnovAge Stock?
Before investing in InnovAge Holding, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in InnovAge Holding. To buy InnovAge Holding stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of InnovAge Holding. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase InnovAge Holding stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located InnovAge Holding Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased InnovAge Holding Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as InnovAge Holding Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. 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. For more information on how to buy InnovAge Stock please use our How to Invest in InnovAge Holding guide.
Already Invested in InnovAge Holding Corp?
The danger of trading InnovAge Holding Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of InnovAge Holding is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than InnovAge Holding. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile InnovAge Holding Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether InnovAge Holding Corp is a strong investment it is important to analyze InnovAge Holding's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact InnovAge Holding's future performance. For an informed investment choice regarding InnovAge Stock, refer to the following important reports: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in InnovAge Holding Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary 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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Is InnovAge Holding's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of InnovAge Holding. If investors know InnovAge will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about InnovAge Holding listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.88) | Earnings Share (0.23) | Revenue Per Share 5.311 | Quarterly Revenue Growth 0.128 | Return On Assets (0.04) |
The market value of InnovAge Holding Corp is measured differently than its book value, which is the value of InnovAge that is recorded on the company's balance sheet. Investors also form their own opinion of InnovAge Holding's value that differs from its market value or its book value, called intrinsic value, which is InnovAge Holding's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because InnovAge Holding's market value can be influenced by many factors that don't directly affect InnovAge Holding's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between InnovAge Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if InnovAge Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, InnovAge Holding's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.