Inovalon Holdings Inc. (INOV): Technical Analysis and analyst Ratings

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Inovalon Holdings Inc. (NASDAQ:INOV) changes shares on Tuesday trading session, with a change of 1.57% or $0.38 shares. The trading starts at $24.21 and closed at $24.27 throughout the day. The trading session low price was $24.165 and day high was $24.80 on Tuesday, August 04. After the session, the Healthcare sector daily volume shifted to 0.46 million while its average volume is 442.88K. In other hand, the INOV market cap reached to $3.94B. While, its current target price is $21.50.

On May 8, 2018, BRIEF-Inovalon Reports Q1 Non-GAAP Loss Per Share $0.04. According to the news reported on Reuters, * Q1 REVENUE $92.8 MILLION VERSUS I/B/E/S VIEW $107.8 MILLION

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 12.56% and up 23.99% for month. Its quarterly performance was 50.76% above, while its half year performance is up 19.14%. INOV yearly performance stood at positive 45.60% and rise 30.98% for year-to-date. Current recommendation for Inovalon Holdings Inc. is 2.30.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. INOV EPS (TTM) for 12-month is 0.08. EPS for this year is 119.40%, while for the next year its value is 0.72. Sales growth for the current quarter is 19.26 while its EPS Q/Q reached -57.10%. It has an EPS of -37.20% down for past five years and for the next five years will be up 16.00%.

Let’s take a look on the analyst recommendations on INOV for the current month and previous month. For the current month, 5 of 10 analysts recommend stock as Buy while 1 as Sell, 0 as overweight, 0 as underweight and 4 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $13.00 – $31.00. Average target price for INOV was reached at $24.78.

Vanguard Group, Inc. (The), Blackrock Inc. and Black Creek Investment Management Inc. are the top three holders in Inovalon Holdings Inc. (INOV) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 7.18 million shares which valued 119.61 million. On Mar 30, 2020, Blackrock Inc. owned 5.93 million shares which valued at 98.87 million. On Mar 30, 2020, Black Creek Investment Management Inc. has a total of 4.69 million shares which valued at 78.16 million. In the end, Black Creek Investment Management Inc. have 6.17% shares outstanding of Inovalon Holdings Inc. (INOV) on Mar 30, 2020. The insider ownership moved to 4.00% and institutional holding shifted to 69.30%.

The company posted an EPS (TTM) of 0.08. According to the most recent quarter report on (Sep 2020), 10 analysts estimated an average EPS of 0.16, while 0.15 EPS posted a year ago period. Analyst Estimated EPS for INOV published in the report was $0.15 – $0.17 during the same period. Comparing with last year, the average estimated EPS was 0.15 which is equal to 0.15 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for INOV rise 34.86% for period of 200 days. SMA for 50 days was 24.82% which is showing green signal, while SMA-20 was 19.22%. The moving average value for Inovalon Holdings Inc. (INOV) is 18.70 and 20.26 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in INOV stock. On May 28, Capitel Jason, Chief Operating Officer, sold 15,000 trading shares at the cost of $19.28, which valued at 0.29 million. On Mar 05, Wychulis Robert A, President, sold 16,071 shares at the cost of $19.19, with total shares of 284,009. On Feb 25, Dunleavy Keith R, CEO and Chairman of the Board, bought 32,934 shares at the cost of 20.08. After this transaction, Dunleavy Keith R total shares reached to 600,000 which valued at 0.66 million.