How to Buy Innovage Holding Stock
Innovage Holding Corp
InnovAge Holding Corp. manages and provides a range of medical and ancillary services for seniors in need of care and support to live independently in their homes and communities.
Innovage Holding stock last closed at $6.27, up 5.2% from the previous day, and has increased 7.92% in one year. It has overperformed other stocks in the Medical Care Facilities industry by 0.28 percentage points. Innovage Holding stock is currently +84.96% from its 52-week low of $3.39, and -21.91% from its 52-week high of $8.03.
At the moment, there are 135.6M shares of INNV outstanding. The market cap of INNV is $850.19M. In the last 24 hours, 34,702 INNV shares were traded.
How to Buy Innovage Holding Stock
Wondering how to invest in Innovage Holding stock? Here's how.
- Figure out where to buy Innovage Holding stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you decide where to buy Innovage Holding stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit money your investment account: Choose your payment method and add your details.
- Evaluate Innovage Holding stock: The Innovage Holding ticker symbol is INNV. Is Innovage Holding stock a good investment? Should you buy shares of INNV? How do INNV's underlying business fundamentals look? Do top analysts think Innovage Holding is a good buy? Why has INNV's stock price moved recently? (Hint: Our stock analysis website can help you decide if INNV is a good stock to buy).
- Execute your INNV buy order: Decide if you will purchase INNV shares at the current market price or use a limit order to purchase INNV shares at a specific price.
- Track your INNV investment: Create a watchlist to key updates about your position in Innovage Holding stock.
Step 1: Figure out where to buy Innovage Holding stock
You will need an online brokerage account in order to access the NASDAQ market and buy INNV shares.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've selected the right brokerage, you need to fill out some personal information so you are able to buy INNV today.
How to Set Up a New Account on eToro
- Click here to get started.
- Input your personal details to open a new trading account.
- Submit your application by hitting the "Create Account" button.
Step 3: Deposit money your investment account
Now that you have filled out your info on the best stock app, you need to deposit funds:
Check out the video below to see the process of depositing funds into your new brokerage account.
Step 4: Evaluate Innovage Holding stock
Once you have chosen the best place to buy Innovage Holding stock, it's critical to research their stock before you buy, so you truly wrap your head around the risk and opportunity.
Innovage Holding Numbers
INNV Overview
WallStreetZen was created to help average investors perform more in-depth fundamental analysis quickly.
You can see all of the due diligence checks on INNV's stock page.
How is INNV stock valued?
Analysts use many financial metrics, analyses, models, and charts to gauge INNV's true value.
Using relative valuations methods:
- INNV may be undervalued based on its P/B ratio of 2.73x, relative to Medical Care Facilities industry P/B ratio of 4.54x
You can access additional valuation research on INNV's stock here.
A look at INNV Cashflows and Balance Sheet
Signs that INNV is financially healthy:
- There are more short-term assets than short-term liabilities on the INNV balance sheet.
- INNV has cash burn of 67454000. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the INNV balance sheet.
- INNV has $144.90M in cash and short term investments. This is sufficient to cover its annual cash burn of $67.45M.
Signs that INNV is not financially healthy:
- INNV profit margin has gone down from 0.7% to -5.6% in the past year.
- INNV has a relatively high debt to equity ratio of 0.69.
Is Innovage Holding stock a Buy, Hold, or Sell, according to analysts?
Out of 6 Equities analysts who research INNV, the consensus analyst rating on Innovage Holding is a Hold
Please keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Most Recent INNV Analyst Recommendations
Jamie Perse, a top 26% analyst from Goldman Sachs maintains INNV with a hold rating and raises their INNV price target from $8.00 to $9.00, on Feb 15, 2023.
Lisa Gill, a top 18% analyst from JP Morgan maintains INNV with a hold rating and raises their INNV price target from $5.00 to $8.00, on Feb 8, 2023.
Jason Cassorla, a bottom 11% analyst from Citigroup maintains INNV with a hold rating and raises their INNV price target from $5.00 to $8.00, on Nov 16, 2022.
Sarah James, a bottom 9% analyst from Barclays maintains INNV with a hold rating and lowers their INNV price target from $6.00 to $5.00, on Sep 15, 2022.
Vikram Kesavabhotla, a bottom 11% analyst from Baird downgrades INNV to a hold rating and lowers their INNV price target from $6.00 to $5.00, on May 16, 2022.
You can dive deeper into what analysts are saying on the Innovage Holding stock forecast page.
INNV Trading Indicators
Is INNV Growing Revenue?
Last year, INNV revenue was $688.89M. During the last 2 year, INNV's revenue has increased by 6.52% per year. This was slower than the Medical Care Facilities industry average of 15.1%.
Dig into INNV's earnings and revenue performance here.
Are INNV executives and large shareholders buying or selling the stock?
In the past 12 months, executives and large shareholders at INNV have bought more shares than they have sold.
Patrick T. Blair, President and CEO of INNV, was the latest INNV insider to sell. They sold $144,446.40 worth of INNV stock on Dec 1, 2022.
Get more info about who owns INNV shares here.
Can I get consistent income from INNV stock?
No, Innovage Holding doesn't provide an income stream by paying out dividends.
What do other investors have to say about INNV?
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Execute your INNV buy order
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually fine for most investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a specific price limit, use a limit order.
Hit the Open button and your broker will place your order.
If you need additional assistance investing in stocks on eToro, watch the how to video below:
Step 6: Track your INNV investment
Now that you own some INNV shares, you'll want to stay up-to-date on your new stock purchase.
Add INNV to a watchlist to track your INNV stock.
INNV Feed
How to Buy Stock in Innovage Holding
To reiterate, here are the 6 steps to buy stock in Innovage Holding:
- Figure out where to buy Innovage Holding stock
- Open your brokerage account
- Deposit money your investment account
- Evaluate Innovage Holding stock
- Execute your INNV buy order
- Track your INNV investment
If you require a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get the latest news on your investment in Innovage Holding, get started below.
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