Alert: Positive Investment/Fundamental Signals (4/1/24)-Identiv Inc (NASDAQ: INVE)


Extremely important positive changes in investment behavior have recently occurred for Identiv Inc (NASDAQ: INVE): the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and its shorter term price trend turned up.

Significant positive changes in Identiv Inc (NASDAQ: INVE) fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2024 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of F. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, INVE is expected to be a modest Value Builder.

Identiv has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Identiv has a very low Appreciation Score of 14 but a neutral Power Rating of 53, leading to the Lowest Value Trend Rating.

Recent Price Action

Identiv Inc (NASDAQ: INVE) stock closed at $8.41 on 4/1/24 after a very large increase of 6.2%. Moreover, trading volume in this advance was above average at 132% of normal. The stock has risen 16.6% during the last week and has performed in line with the market over the last nine months.

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