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How to buy InnovAge Holding stock
Learn how to easily invest in InnovAge Holding stock.
InnovAge Holding Corp is a medical care facilities business based in the US. InnovAge Holding shares (INNV) are listed on the NASDAQ and all prices are listed in US Dollars. InnovAge Holding employs 2,000 staff and has a trailing 12-month revenue of around $698.6 million.
How to buy shares in InnovAge Holding
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – INNV – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
- Check in on your investment. Optimize your portfolio by tracking your stock.
InnovAge Holding stock price (NASDAQ: INNV)Use our graph to track the performance of INNV stocks over time.
InnovAge Holding shares at a glance
|Latest market close||$6.00|
|52-week range||$3.39 - $9.21|
|50-day moving average||$4.42|
|200-day moving average||$5.11|
|Wall St. target price||$5.40|
|Dividend yield||$0 (0%)|
|Earnings per share (TTM)||$0.17|
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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
Is it a good time to buy InnovAge Holding stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
InnovAge Holding price performance over time
|1 week (2022-09-19)||-4.00%|
|1 month (2022-08-26)||54.64%|
|3 months (2022-06-24)||29.87%|
|6 months (2022-03-25)||1.69%|
|1 year (2021-09-24)||-16.67%|
|2 years (2020-09-22)||N/A|
|3 years (2019-09-22)||N/A|
|5 years (2017-09-22)||N/A|
Is InnovAge Holding stock undervalued or overvalued?
Valuing InnovAge Holding stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of InnovAge Holding's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
InnovAge Holding's P/E ratio
InnovAge Holding's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 35x. In other words, InnovAge Holding shares trade at around 35x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
However, InnovAge Holding's P/E ratio is best considered in relation to those of others within the medical care facilities industry or those of similar companies.
InnovAge Holding's EBITDA
InnovAge Holding's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $14 million.
The EBITDA is a measure of a InnovAge Holding's overall financial performance and is widely used to measure a its profitability.
To put InnovAge Holding's EBITDA into context you can compare it against that of similar companies.
InnovAge Holding financials
|Revenue TTM||$698.6 million|
|Operating margin TTM||0.02%|
|Gross profit TTM||$518.4 million|
|Return on assets TTM||0.01%|
|Return on equity TTM||-2.24%|
|Market capitalisation||$813.1 million|
TTM: trailing 12 months
InnovAge Holding share dividends
We're not expecting InnovAge Holding to pay a dividend over the next 12 months.
You may also wish to consider:
- HCA (HCA.US) (1.17% forward annual dividend yield)
Have InnovAge Holding's shares ever split?
InnovAge Holding's shares were split on a 1:105 basis on 18 March 2019. So if you had owned 105 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your InnovAge Holding shares – just the quantity. However, indirectly, the new 10400% higher share price could have impacted the market appetite for InnovAge Holding shares which in turn could have impacted InnovAge Holding's share price.
InnovAge Holding overview
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. It manages its business through Program of All-Inclusive Care for the Elderly (PACE) approach. The company offers in-home care services consisting of skilled, unskilled, and personal care; in-center services, such as primary care, physical therapy, occupational therapy, speech therapy, dental services, mental health and psychiatric services, meals, and activities; transportation to the PACE center and third-party medical appointments; and care management. As of June 30, 2022, it served approximately 6,650 PACE participants in the United States; and operates 18 PACE centers in Colorado, California, New Mexico, Pennsylvania, and Virginia. The company was formerly known as TCO Group Holdings, Inc. and changed its name to InnovAge Holding Corp.
InnovAge Holding in the news
Zacks.com featured highlights InnovAge Holding, Spirit AeroSystems Holdings, Tandem Diabetes Care and HCI Group
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InnovAge Holding Corp. (INNV) Q4 2022 Earnings Call Transcript
Frequently asked questionsWhat percentage of InnovAge Holding is owned by insiders or institutions?
Currently 86.6% of InnovAge Holding shares are held by insiders and 15.139% by institutions. How many people work for InnovAge Holding?
Latest data suggests 2,000 work at InnovAge Holding. When does the fiscal year end for InnovAge Holding?
InnovAge Holding's fiscal year ends in December. Where is InnovAge Holding based?
InnovAge Holding's address is: 8950 East Lowry Boulevard, Denver, CO, United States, 80230 What is InnovAge Holding's ISIN number?
InnovAge Holding's international securities identification number is: US45784A1043 What is InnovAge Holding's CUSIP number?
InnovAge Holding's Committee on Uniform Securities Identification Procedures number is: 45778V106
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