Identiv Inc (NASDAQ: INVE) stock suffered a major decline of -16.3% on 11/8/23. The shares closed at $5.04. The stock has been exceptionally strong relative to the market over the last nine months but has declined -17.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, INVE is expected to be a modest Value Builder.
Identiv has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Identiv has a poor Appreciation Score of 29 but a very high Power Rating of 94, producing the High Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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