InVivo Therapeutics Holdings Corp. (NVIV) is headed down in the market in today’s trading session. The company, one that is focused on the biotech industry, is presently priced at $1.40 after heading down -5.41% so far in today’s session. As it relates to biotechnology companies, there are a number of factors that have the ability to cause price movement in the market. One of the most common is news. Here are the recent stories centered around NVIV:
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| Apr-17-19 08:00AM | InVivo Therapeutics Announces Presentation of Twelve-Month Results from the INSPIRE Study of the Investigational Neuro-Spinal Scaffold in Acute Thoracic Complete Spinal Cord Injury |
| Apr-01-19 08:15AM | InVivo Therapeutics Reports 2018 Year-end Financial Results and Provides Business Update |
| Jan-14-19 08:00AM | InVivo Therapeutics Announces Appointment of Richard Christopher as Chief Financial Officer and Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4) |
| Nov-29-18 08:00AM | InVivo Therapeutics to Present at the LD Micro Main Event on Tuesday December 4th, 2018 |
| Nov-19-18 09:00AM | Report: Developing Opportunities within Command Center, Neurotrope, Selecta Biosciences, InVivo Therapeutics, SeaSpine, and Senestech Future Expectations, Projections Moving into 2018 |
However, when making an investing decision, investors should look into much more than just news, this is especially the case in the generally speculative biotechnology sector. Here’s what’s going on with InVivo Therapeutics Holdings Corp..
Trends That We’ve Seen From NVIV
Although a move toward the top in a single session, like the move that we’re seeing from InVivo Therapeutics Holdings Corp. might lead to fear in some investors, a single session move by itself should not be the reason for a decision to, or not to, invest in a company. It’s generally important to dig into trends experienced by the stock beyond a single session. In the case of NVIV, below are the returns that investors have experienced:
- Past 5 Sessions – Throughout the past 5 trading sessions, NVIV has generated a change in value amounting to -4.76%.
- Past Month – The monthly ROI from InVivo Therapeutics Holdings Corp. has been -10.83%.
- Past Three Months – Throughout the last three months, the stock has produced a return that works out to -15.66%
- Past Six Months – Throughout the previous 6 months, investors have seen a change that amounts to -30.00% from the company.
- This Year So Far – Since the open of this year NVIV has resulted in a return of -7.28%.
- Full Year – Finally, throughout the past year, we have seen movement that comes to -78.13% from NVIV. Over this period of time, the stock has sold at a high price of -90.78% and a low of 4.48%.
Ratios To Watch
Digging into various key ratios having to do with a stock can give prospective traders a look of how dangerous and/or potentially profitable a stock pick might be. Here are some of the key ratios to think about when digging into NVIV.
Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors believe that the price of the stock is headed for declines. Throughout the sector, biotechnology stocks can carry a higher short ratio. On the other hand, we tend to see a lot of short squeezes in the industry. Nonetheless, with regard to InVivo Therapeutics Holdings Corp., the stock’s short ratio amounts to 4.33.
Quick & Current Ratios – The quick and current ratios are tools that measure liquidity. Basically, they measure If a company is able to pay its debts when they come due with only current assets or quick assets. In the biotechnology industry, companies rely on continued support from investors, the quick and current ratios can look upsetting. Nonetheless, some better companies in the biotechnology industry come with positive quick and current ratios. When it comes to NVIV, the quick and current ratios add up to 7.80 and 7.80 respectively.
Book To Share Value – The book to share value ratio compares the book value of assets currently owned by the company to the share price of the stock. In the case of InVivo Therapeutics Holdings Corp., the book to share value ratio works out to 1.76.
Cash To Share Value – Finally, the cash to share value ratio compares the total amount of cash the company has on hand to the value of the company’s stock. Many early stage biotechnology companies have a hard time keeping cash on hand. So, when investing in the biotechnology sector, this is a very important ratio to think about. When it comes to NVIV, the cash to share value ratio is 0.
Analyst Opinions With Regard To InVivo Therapeutics Holdings Corp.
While it’s never a smart idea to blindly follow the thoughts of analysts, it is a good idea to consider their thoughts to validate your own thoughts when it comes to making investment decisions in the biotech sector. Here are the most recent moves that we have seen from analysts with regard to NVIV.
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Investors Tend To Follow The Big Money
Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in NVIV, here’s what we’re seeing:
Institutions own 13.20% of the company. Institutional interest has moved by 0.09% over the past three months. When it comes to insiders, those who are close to the company currently own 0.10% percent of NVIV shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.
Float Information
Traders and investors tend to have an interest in the amounts of shares both available and outstanding. As far as InVivo Therapeutics Holdings Corp., currently there are 8.85M and there is a float of 8.85M. These numbers mean that out of the total of 8.85M shares of NVIV currently in existence today, 8.85M are able to be traded on the market.
Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to NVIV, the short percent of the float is 3.11%.
Financial Results And Expectations
At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-1.00. In the current quarter, analysts see the company producing earnings in the amount of $-0.29. Over the last 5 years, NVIV has generated revenue in the amount of $0 with earnings coming in at 38.30%. On a quarter over quarter basis, earnings have seen movement of 91.90% and revenue has seen movement of 0.
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