Innoviva (INVA) Stock Price, News & Analysis

Company Overview

Innoviva, Inc. engages in the development and commercialization of pharmaceutical products in the United States and internationally. The company's products include RELVAR/BREO ELLIPTA, a once-daily combination medicine consisting of a LABA, vilanterol (VI), an inhaled corticosteroid (ICS), and fluticasone furoate; ANORO ELLIPTA, a once-daily medicine combining a long-acting muscarinic antagonist (LAMA) and umeclidinium bromide (UMEC) with a LABA, VI; GIAPREZA (angiotensin II), a vasoconstrictor to increase blood pressure in adults with septic or other distributive shock; XERAVA (eravacycline) for the treatment of complicated intra-abdominal infections in adults; and XACDURO, a beta lactamase inhibitor for the treatment of hospital-acquired bacterial pneumonia and ventilator-associated bacterial pneumonia. Its development pipeline includes zoliflodacin, a late-stage product candidate, a potential single oral dose cure for the treatment of uncomplicated gonorrhea. Innoviva, Inc. has a strategic partnership with Sarissa Capital Management LP. It has long-acting beta2 agonist (LABA) collaboration agreement with Glaxo Group Limited to develop and commercialize once-daily products for the treatment of chronic obstructive pulmonary disease and asthma. The company was formerly known as Theravance, Inc. and changed its name to Innoviva, Inc. in January 2016. Innoviva, Inc. was incorporated in 1996 and is headquartered in Burlingame, California.

Key Stats

• Today's Range: $18.97 to $19.22
• 50-Day Range: $18.86 to $20.32
• 52-Week Range: $13.41 to $21.28
• Volume: 2.03 million shs
• Average Volume: 598,481 shs
• Market Capitalization: $1.20 billion
• P/E Ratio: 27.75
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: Buy

Innoviva Stock Analysis - MarketRank™

Innoviva scored higher than 26% of companies evaluated by MarketBeat, and ranked 874th out of 963 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Innoviva.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Innoviva is 27.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.26.

Price to Earnings Ratio vs. Sector

The P/E ratio of Innoviva is 27.75, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 87.86.

Price to Book Value per Share Ratio

Innoviva has a P/B Ratio of 1.79. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

19.02% of the float of Innoviva has been sold short.

Short Interest Ratio / Days to Cover

Innoviva has a short interest ratio ("days to cover") of 25.1, which indicates bearish sentiment.

Change versus previous month

Short interest in Innoviva has recently increased by 1.47%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Innoviva does not currently pay a dividend.

Dividend Growth

Innoviva does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 4.2 / 5
• Environmental Score: -0.33

Percentage of Shares Shorted

19.02% of the float of Innoviva has been sold short.

Short Interest Ratio / Days to Cover

Innoviva has a short interest ratio ("days to cover") of 25.1, which indicates bearish sentiment.

Change versus previous month

Short interest in Innoviva has recently increased by 1.47%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.89

News Sentiment

Innoviva has a news sentiment score of 0.89. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Innoviva this week, compared to 2 articles on an average week.

Search Interest

Only 2 people have searched for INVA on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Innoviva insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.70% of the stock of Innoviva is held by insiders.

Percentage Held by Institutions

99.12% of the stock of Innoviva is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

INVA Stock Analysis - Frequently Asked Questions

How have INVA shares performed this year?

Innoviva's stock was trading at $16.04 at the beginning of 2024. Since then, INVA shares have increased by 19.4% and is now trading at $19.15.
View the best growth stocks for 2024 here.

How were Innoviva's earnings last quarter?

Innoviva, Inc. (NASDAQ:INVA) announced its quarterly earnings data on Wednesday, November, 6th. The biotechnology company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.27 by $0.25. The biotechnology company earned $89.51 million during the quarter. Innoviva had a net margin of 18.31% and a trailing twelve-month return on equity of 20.84%.

Who are Innoviva's major shareholders?

Innoviva's top institutional investors include Pacer Advisors Inc. (4.49%), State Street Corp (3.92%), Westfield Capital Management Co. LP (3.19%) and Systematic Financial Management LP (3.16%). Insiders that own company stock include Pavel Raifeld and Innoviva, Inc.
View institutional ownership trends.

How do I buy shares of Innoviva?

Shares of INVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Innoviva own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Innoviva investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Netflix (NFLX) and Visa (V).

Company Calendar

• Last Earnings: 11/06/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/06/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Pharmaceutical preparations
• Sub-Industry: Biotechnology
• Current Symbol: NASDAQ:INVA
• Previous Symbol: NASDAQ:THRX
• CUSIP: 88338T10
• CIK: 1080014
• Web: www.inva.com
• Phone: (650) 238-9600
• Fax: 650-827-8690
• Employees: 112
• Year Founded: 1996

Profitability

• EPS (Most Recent Fiscal Year): $0.69
• Trailing P/E Ratio: 27.75
• Forward P/E Ratio: 58.03
• P/E Growth: N/A
• Net Income: $179.72 million
• Net Margins: 18.31%
• Pretax Margin: 20.95%
• Return on Equity: 20.84%
• Return on Assets: 11.38%

Debt

• Debt-to-Equity Ratio: 0.38
• Current Ratio: 1.79
• Quick Ratio: 1.64

Sales & Book Value

• Annual Sales: $310.46 million
• Price / Sales: 3.86
• Cash Flow: $3.51 per share
• Price / Cash Flow: 5.46
• Book Value: $10.68 per share
• Price / Book: 1.79

Miscellaneous

• Outstanding Shares: 62,600,000
• Free Float: 61,537,000
• Market Cap: $1.20 billion
• Optionable: Optionable
• Beta: 0.57