InVivo Therapeutics Holdings Corp. (NVIV) Stock: A Good Pick In The Biotechnology Industry?

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InVivo Therapeutics Holdings Corp. (NVIV) is gaining in the market today. The company, one that is focused in the biotech space, is presently priced at $0.48 after climbing 6.67% so far in today’s session. As it relates to biotechnology companies, there are several factors that have the ability to generate gains in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent trending headlines associated with NVIV:

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Oct-29-19 10:51AM Biotech CEO found guilty of defrauding investors
Oct-22-19 08:00AM InVivo Therapeutics Provides Enrollment Update for INSPIRE 2.0 Study for the Treatment of Acute Spinal Cord Injury
Jul-16-19 08:00AM InVivo Therapeutics Announces Publication of CONTEMPO Registry Study Data in Peer-Reviewed Journal Spinal Cord
Jul-12-19 08:00AM InVivo Therapeutics Announces Postponement of Annual Meeting
Jun-14-19 08:00AM InVivo Therapeutics Announces Adjournment of Annual Meeting

Nonetheless, when making an investing decision, investors should take a look at much more than news, especially in the highly speculative biotech sector. Here’s what’s happing when it comes to InVivo Therapeutics Holdings Corp..

Recent Movement Out of NVIV

While a move up on a single session, like what we’re seeing from InVivo Therapeutics Holdings Corp. might cause excitement in some investors, a single session gain alone shouldn’t be the reason for a decision to, or not to, buy a company’s stock. It is always important to dig into trends for a period longer than a single session. In the case of NVIV, here are the returns on investment that we have seen:

  • Past Seven Days – Over the past five trading sessions, NVIV has seen a change in price that amounts to 26.32%.
  • Past Month – The return from InVivo Therapeutics Holdings Corp. in the last month works out to -4.23%.
  • Past Quarter – In the last 3 months, the stock has generated a return on investment of -26.83%
  • Past Six Months – Throughout the past 6 months, we have seen a performance that amounts to -64.96% from the stock.
  • Year To Date – Since the the last trading session of last year NVIV has produced a ROI of -68.21%.
  • Annually – Finally, in the last year, we’ve seen a change amounting to -76.12% from NVIV. In this period, the stock has traded at a high of -77.67% and a low of 37.14%.

Ratios Of Note

Looking at various ratios having to do with a company generally gives investors a look of just how dangerous and/or potentially profitable a stock pick might be. Below are a few of the most important ratios to look at when digging into NVIV.

Short Ratio – The short ratio is a measure of short interest. As the ratio climbs, it means that more investors have a belief that the price of the stock is headed for declines. In general, biotechnology stocks tend to carry a higher short ratio. On the other hand, we tend to see a lot of short squeezes in the industry. Nonetheless, in relation to InVivo Therapeutics Holdings Corp., the stock’s short ratio is 0.41.

Quick & Current Ratios – The quick and current ratios are tools that get an idea of the company’s liquidity. Essentially, they measure If a company is able to pay for its debts when they mature with only current assets or quick assets. Because many biotech many companies are heavily reliant on continued support from investors, the quick and current ratios can seem damning. However, quite a few better companies in the biotechnology space come with great quick and current ratios. When it comes to NVIV, the quick and current ratios add up to 5.70 and 5.70 respectively.  

Book To Share Value – The book to share value compares the current book value of assets owned by the company to the share price of the stock. when it comes to InVivo Therapeutics Holdings Corp., the book to share value ratio comes in at 1.12.

Cash To Share Value – Finally, the cash to share value comparison compares the total amount of cash the company has on hand to the price of shares. Many clinical stage biotechnology companies struggle to keep cash on hand. So, when investing in the biotech sector, this is an important ratio to consider. In this case, the cash to share value comes to 0.

What Analysts Think About InVivo Therapeutics Holdings Corp.

While it’s never a good idea to avoid doing your DD and blindly following the opinions of analysts, it is a smart idea to consider their analysis when validating your own opinions when it comes to making investment decisions in the biotech sector. Below are the most recent moves that we have seen from analysts as it relates to NVIV.

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Jul-31-17 Downgrade Raymond James Outperform → Mkt Perform
May-05-17 Downgrade Raymond James Strong Buy → Outperform
Jul-21-16 Initiated Ladenburg Thalmann Buy
Jul-07-16 Initiated Raymond James Strong Buy $13

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 12.00% of the company. Institutional interest has moved by -3.91% over the past three months. When it comes to insiders, those who are close to the company currently own 1.40% percent of NVIV shares. Institutions have seen ownership changes of an accumulative -3.82% over the last three months.

A Look At Share Counts

Investors and traders seem to be interested in the counts of shares both available and outstanding. With respect to InVivo Therapeutics Holdings Corp., there are currently 9.41M with a float of 9.18M. These numbers mean that of the total of 9.41M shares of NVIV in existence today, 9.18M are available to be traded in the public space.

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 0.16%.

Earnings

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.76. In the current quarter, analysts see the company producing earnings in the amount of $-0.33. 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 95.50% and revenue has seen movement of 0.

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