Let’s start up with the current stock price of Inovalon Holdings Inc. (INOV), which is $19.15 to be very precise. The Stock rose vividly during the last session to $19.385 after opening rate of $19.12 while the lowest price it went was recorded $18.36 before closing at $19.80.
Recently in News on December 2, 2020, Inovalon to Participate in a Virtual Fireside Chat at the Guggenheim Digital Health Summit on December 8, 2020. Inovalon (Nasdaq: INOV), a leading provider of cloud-based platforms empowering data-driven healthcare, today announced that Keith Dunleavy, M.D., chief executive officer and chairman of the board of Inovalon, and Jonathan R. Boldt, chief financial officer of Inovalon, will participate in a virtual fireside chat at the Guggenheim Digital Health Summit on December 8, 2020 at 9:45 a.m. Eastern Time. You can read further details here
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Inovalon Holdings Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $27.93 on 10/06/20, with the lowest value was $13.39 for the same time period, recorded on 03/20/20.
Inovalon Holdings Inc. (INOV) full year performance was 4.64%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Inovalon Holdings Inc. shares are logging -31.44% during the 52-week period from high price, and 43.02% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $13.39 and $27.93.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 1375101 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Inovalon Holdings Inc. (INOV) recorded performance in the market was 1.75%, having the revenues showcasing -24.99% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 3.02B, as it employees total of 2371 workers.
Market experts do have their say about Inovalon Holdings Inc. (INOV)
During the last month, 4 analysts gave the Inovalon Holdings Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 4 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 23.25, with a change in the price was noted -3.03. In a similar fashion, Inovalon Holdings Inc. posted a movement of -13.66% for the period of last 100 days, recording 527,598 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for INOV is recording 1.35 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.33.
Technical breakdown of Inovalon Holdings Inc. (INOV)
Raw Stochastic average of Inovalon Holdings Inc. in the period of last 50 days is set at 12.32%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 54.19%. In the last 20 days, the company’s Stochastic %K was 74.00% and its Stochastic %D was recorded 80.32%.
Bearing in mind the latest performance of Inovalon Holdings Inc., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 1.75%. Additionally, trading for the stock in the period of the last six months notably improved by 0.29%, alongside a boost of 4.64% for the period of the last 12 months. The shares increased approximately by -0.98% in the 7-day charts and went down by 3.68% in the period of the last 30 days. Common stock shares were lifted by -24.99% during last recorded quarter.