InnovAge Holding Corp
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $6.27
- Today's High:
- $6.9993
- Open Price:
- $6.7
- 52W Low:
- $3.745
- 52W High:
- $8.15
- Prev. Close:
- $6.82
- Volume:
- 121989
Company Statistics
- Market Cap.:
- $925.00 million
- Book Value:
- 2.259
- Revenue TTM:
- $684.07 million
- Operating Margin TTM:
- -7.37%
- Gross Profit TTM:
- $518.42 million
- Profit Margin:
- -6.17%
- Return on Assets TTM:
- -5.59%
- Return on Equity TTM:
- -13.04%
Company Profile
InnovAge Holding Corp had its IPO on 2021-03-04 under the ticker symbol INNV.
The company operates in the Healthcare sector and Medical Care Facilities industry. InnovAge Holding Corp has a staff strength of 2,000 employees.
Stock update
Shares of InnovAge Holding Corp opened at $6.7 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $6.27 - $7, and closed at $6.5.
This is a -4.69% slip from the previous day's closing price.
A total volume of 121,989 shares were traded at the close of the day’s session.
In the last one week, shares of InnovAge Holding Corp have increased by +16.7%.
InnovAge Holding Corp's Key Ratios
InnovAge Holding Corp has a market cap of $925.00 million, indicating a price to book ratio of 3.0879 and a price to sales ratio of 1.3483.
In the last 12-months InnovAge Holding Corp’s revenue was $684.07 million with a gross profit of $518.42 million and an EBITDA of $-35816000. The EBITDA ratio measures InnovAge Holding Corp's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, InnovAge Holding Corp’s operating margin was -7.37% while its return on assets stood at -5.59% with a return of equity of -13.04%.
In Q1, InnovAge Holding Corp’s quarterly earnings growth was a negative -87.8% while revenue growth was a negative 2.7%.
InnovAge Holding Corp’s PE and PEG Ratio
- Forward PE
- 13.6612
- Trailing PE
- 0
- PEG
- 0
Its diluted EPS in the last 12-months stands at $-0.37 per share while it has a forward price to earnings multiple of 13.6612 and a PEG multiple of 0. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into InnovAge Holding Corp’s profitability.
InnovAge Holding Corp stock is trading at a EV to sales ratio of 1.3044 and a EV to EBITDA ratio of -49.4513. Its price to sales ratio in the trailing 12-months stood at 1.3483.
InnovAge Holding Corp stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.
Balance sheet and cash flow metrics
- Total Assets
- $569.41 million
- Total Liabilities
- $137.69 million
- Operating Cash Flow
- $0
- Capital Expenditure
- $4.70 million
- Dividend Payout Ratio
- 0%
InnovAge Holding Corp ended 2024 with $569.41 million in total assets and $0 in total liabilities. Its intangible assets were valued at $569.41 million while shareholder equity stood at $306.32 million.
InnovAge Holding Corp ended 2024 with $0 in deferred long-term liabilities, $137.69 million in other current liabilities, 136000.00 in common stock, $-24767000.00 in retained earnings and $124.22 million in goodwill. Its cash balance stood at $121.71 million and cash and short-term investments were $167.55 million. The company’s total short-term debt was $12,143,000 while long-term debt stood at $65.69 million.
InnovAge Holding Corp’s total current assets stands at $215.94 million while long-term investments were $5.49 million and short-term investments were $45.85 million. Its net receivables were $34.45 million compared to accounts payable of $48.20 million and inventory worth $16000.00.
In 2024, InnovAge Holding Corp's operating cash flow was $0 while its capital expenditure stood at $4.70 million.
Comparatively, InnovAge Holding Corp paid $0 in dividends in 2024.
Other key metrics
- Current Trading Price
- $6.5
- 52-Week High
- $8.15
- 52-Week Low
- $3.745
- Analyst Target Price
- $8
InnovAge Holding Corp stock is currently trading at $6.5 per share. It touched a 52-week high of $8.15 and a 52-week low of $8.15. Analysts tracking the stock have a 12-month average target price of $8.
Its 50-day moving average was $6.47 and 200-day moving average was $6.9 The short ratio stood at 16.76 indicating a short percent outstanding of 0%.
Around 8628.9% of the company’s stock are held by insiders while 1246% are held by institutions.
Frequently Asked Questions About InnovAge Holding Corp
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About
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. in January 2021. InnovAge Holding Corp. was founded in 2007 and is headquartered in Denver, Colorado.