On 4/3/24, Identiv Inc (NASDAQ: INVE) stock suffered a major decline of -18.7%, closing at $6.87. Moreover, trading volume in this decline was exceptionally high at 507% of normal. The stock has performed in line with the market over the last nine months and has declined -9.8% during the last week.
Current PriceTarget Research Rating
INVE’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to be a modest Value Builder.
Identiv has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Identiv has a very low Appreciation Score of 14 but a neutral Power Rating of 53, resulting in the Lowest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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