There is no way Invivyd Inc. (IVVD) can keep these numbers up

Invivyd Inc. (NASDAQ: IVVD) stock fell -4.23% on Friday to $1.81 against a previous-day closing price of $1.89. With 0.59 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.31 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $1.9300 whereas the lowest price it dropped to was $1.7100. The 52-week range on IVVD shows that it touched its highest point at $12.11 and its lowest point at $1.42 during that stretch. It currently has a 1-year price target of $3.25.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IVVD was down-trending over the past week, with a drop of -20.26%, but this was up by 15.29% over a month. Three-month performance dropped to -44.48% while six-month performance fell -58.86%. The stock lost -67.39% in the past year, while it has gained 20.67% so far this year. A look at the trailing 12-month EPS for IVVD yields -2.58 with Next year EPS estimates of -1.91. For the next quarter, that number is -0.40. This implies an EPS growth rate of -784.00% for this year and 12.80% for next year.

Float and Shares Shorts:

At present, 108.42 million IVVD shares are outstanding with a float of 78.98 million shares on hand for trading. On Oct 13, 2022, short shares totaled 4.18 million, which was 3.80% higher than short shares on Sep 14, 2022. In addition to Mr. David Hering M.B.A. as the firm’s CEO & Director, Ms. Jill Andersen J.D. serves as its Chief Legal Officer & Corp. Sec.

Institutional Ownership:

Through their ownership of 71.68% of IVVD’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 20.98% of IVVD, in contrast to 14.51% held by mutual funds. Shares owned by individuals account for 1.23%. As the largest shareholder in IVVD with 13.85% of the stake, Fidelity Management & Research Co holds 15,092,406 shares worth 15,092,406. A second-largest stockholder of IVVD, The Vanguard Group, Inc., holds 3,776,329 shares, controlling over 3.47% of the firm’s shares. Slate Path Capital LP is the third largest shareholder in IVVD, holding 3,735,000 shares or 3.43% stake. With a 4.48% stake in IVVD, the Fidelity Growth Company Fund is the largest stakeholder. A total of 4,884,128 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 1.49% of IVVD stock, is the second-largest Mutual Fund holder. It holds 1,620,200 shares valued at 2.43 million. Fidelity Series Growth Company Fu holds 1.43% of the stake in IVVD, owning 1,554,317 shares worth 2.33 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IVVD since 3 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With IVVD analysts setting a high price target of $3.50 and a low target of $3.00, the average target price over the next 12 months is $3.25. Based on these targets, IVVD could surge 93.37% to reach the target high and rise by 65.75% to reach the target low. Reaching the average price target will result in a growth of 79.56% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. IVVD will report FY 2022 earnings on 03/27/2024. Analysts have provided yearly estimates in a range of -$2.18 being high and -$2.19 being low. For IVVD, this leads to a yearly average estimate of -$2.19. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Invivyd Inc. surprised analysts by $0.02 when it reported -$0.42 EPS against a consensus estimate of -$0.44. The surprise factor in the prior quarter was $0.06. Based on analyst estimates, the high estimate for the next quarter is -$0.29 and the low estimate is -$0.40. The average estimate for the next quarter is thus -$0.36.

Summary of Insider Activity:

Insiders traded IVVD stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 4 while that of sell transactions has risen to 1 over the past year. The total number of shares bought during that period was 2,858,000 while 1,158,089 shares were sold.

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