Is InnovAge Holding Stock a Good Investment?
InnovAge Holding Investment Advice | INNV |
- Examine InnovAge Holding's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research InnovAge Holding's leadership team and their track record. Good management can help InnovAge Holding navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Healthcare space and any emerging trends that could impact InnovAge Holding's business and its evolving consumer preferences.
- Compare InnovAge Holding's performance and market position to its competitors. Analyze how InnovAge Holding is positioned in terms of product offerings, innovation, and market share.
- Check if InnovAge Holding pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about InnovAge Holding's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in InnovAge Holding Corp stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that 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. Below is a detailed guide on how to decide if InnovAge Holding Corp is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Unstable | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Very regressive towards the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Examine InnovAge Holding Stock
Researching InnovAge Holding's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 81.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.86. Some equities with similar Price to Book (P/B) outperform the market in the long run. InnovAge Holding Corp recorded a loss per share of 0.23. The entity had not issued any dividends in recent years. The firm had 1:105 split on the 18th of March 2019.
To determine if InnovAge Holding is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding InnovAge Holding's research are outlined below:
| InnovAge Holding generated a negative expected return over the last 90 days | |
| InnovAge Holding has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 688.09 M. Net Loss for the year was (43.55 M) with profit before overhead, payroll, taxes, and interest of 475.82 M. | |
| About 81.0% of the company shares are held by company insiders |
InnovAge Holding uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in InnovAge Holding Corp. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to InnovAge Holding's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 6th of February 2024 Upcoming Quarterly Report | View | |
| 14th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 10th of September 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 30th of June 2023 Last Financial Announcement | View |
InnovAge Holding's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 578.93 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's profitablity analysis
InnovAge Holding's profitability indicators refer to fundamental financial ratios that showcase InnovAge Holding's ability to generate income relative to its revenue or operating costs. If, let's say, InnovAge Holding is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, InnovAge Holding's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of InnovAge Holding's profitability requires more research than a typical breakdown of InnovAge Holding's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of (0.04) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (0.01) %, which suggests for every $100 dollars of sales, it generated a net operating loss of $0.01. Determining InnovAge Holding's profitability involves analyzing its financial statements and using various financial metrics to determine if InnovAge Holding is a good buy. For example, gross profit margin measures InnovAge Holding's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of InnovAge Holding's profitability and make more informed investment decisions.
The data published in InnovAge Holding's official financial statements usually reflect InnovAge Holding's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of InnovAge Holding Corp. For example, before you start analyzing numbers published by InnovAge accountants, it's critical to develop an understanding of what InnovAge Holding's liquidity, profitability, and earnings quality are in the context of the Health Care Equipment & Supplies space in which it operates.
Please note, the presentation of InnovAge Holding's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, InnovAge Holding's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in InnovAge Holding's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of InnovAge Holding Corp. Please utilize our Beneish M Score to check the likelihood of InnovAge Holding's management manipulating its earnings.
Basic technical analysis of InnovAge Stock
As of the 8th of May, InnovAge Holding retains the Risk Adjusted Performance of (0.03), market risk adjusted performance of 0.168, and Standard Deviation of 4.31. InnovAge Holding technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to interpolate thirteen technical drivers for InnovAge Holding Corp, which can be compared to its competitors. Please check out InnovAge Holding Corp variance and skewness to decide if InnovAge Holding is priced fairly, providing market reflects its last-minute price of 4.26 per share. Given that InnovAge Holding Corp has information ratio of (0.08), we strongly advise you to confirm InnovAge Holding Corp's regular market performance to make sure the company can sustain itself at a future point.InnovAge Holding's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific InnovAge Holding insiders, such as employees or executives, is commonly permitted as long as it does not rely on InnovAge Holding's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases InnovAge Holding insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Understand InnovAge Holding's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing InnovAge Holding's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.03) | |||
| Market Risk Adjusted Performance | 0.168 | |||
| Mean Deviation | 3.23 | |||
| Coefficient Of Variation | (1,698) | |||
| Standard Deviation | 4.31 | |||
| Variance | 18.58 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.74) | |||
| Treynor Ratio | 0.158 | |||
| Maximum Drawdown | 19.21 | |||
| Value At Risk | (8.20) | |||
| Potential Upside | 6.98 | |||
| Skewness | (0.15) | |||
| Kurtosis | 0.3476 |
| Risk Adjusted Performance | (0.03) | |||
| Market Risk Adjusted Performance | 0.168 | |||
| Mean Deviation | 3.23 | |||
| Coefficient Of Variation | (1,698) | |||
| Standard Deviation | 4.31 | |||
| Variance | 18.58 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.74) | |||
| Treynor Ratio | 0.158 | |||
| Maximum Drawdown | 19.21 | |||
| Value At Risk | (8.20) | |||
| Potential Upside | 6.98 | |||
| Skewness | (0.15) | |||
| Kurtosis | 0.3476 |
Consider InnovAge Holding's intraday indicators
InnovAge Holding intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of InnovAge Holding stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
InnovAge Holding time-series forecasting models is one of many InnovAge Holding's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary InnovAge Holding's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.
InnovAge Stock media impact
Far too much social signal, news, headlines, and media speculation about InnovAge Holding that are available to investors today. That information is available publicly through InnovAge media outlets and privately through word of mouth or via InnovAge internal channels. However, regardless of the origin, that massive amount of InnovAge data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of InnovAge Holding news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of InnovAge Holding relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to InnovAge Holding's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive InnovAge Holding alpha.
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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 | |
| Olivia Patton | Chief Officer | Profile |
How to buy InnovAge Stock?
To provide specific investment advice or recommendations on InnovAge Holding Corp stock, we recommend investors consider the following general factors when evaluating InnovAge Holding Corp. This will help you to make an informed decision on whether to include InnovAge Holding in one of your diversified portfolios:- Examine InnovAge Holding's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research InnovAge Holding's leadership team and their track record. Good management can help InnovAge Holding navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Healthcare space and any emerging trends that could impact InnovAge Holding's business and its evolving consumer preferences.
- Compare InnovAge Holding's performance and market position to its competitors. Analyze how InnovAge Holding is positioned in terms of product offerings, innovation, and market share.
- Check if InnovAge Holding pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about InnovAge Holding's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in InnovAge Holding Corp stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that 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. Below is a detailed guide on how to decide if InnovAge Holding Corp is a good investment.
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 various price indices. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
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.
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.
In summary, please note that there is a difference between InnovAge Holding's value and its price, as these two are different measures arrived at by various 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.