How Does Inovalon Holdings, Inc. (INOV) Stack Up Right Now?

Inovalon Holdings, Inc. (NASDAQ:INOV) is an interesting player in the Technology space, with a focus on Healthcare Information Services. The stock has been active on the tape, currently trading at $10.75, up from yesterday’s close by 0.94%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Does this stock stack up well when compared to its peers in the space? Let’s take a look. Inovalon Holdings, Inc. (INOV) currently trades with a market capitalization of $677.86M. That value represents a market adjusting for revenues that have been falling by -0.40% on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For INOV, the company currently has $713.32M of cash on the books, which is offset by $270.35M current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $45.58M over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of 0.02 on a per share basis this quarter. Perhaps, that suggests something about why 105.20% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Inovalon Holdings, Inc. recorded a 52-week high of 20.05. It is now trading 9.4 off that level. The stock is trading 11.99 its 50-day moving average by 1.34. The stock carved out a 52-week low down at 8.60.

In recent action, Inovalon Holdings, Inc. (INOV) has made a move of -27.61% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 57.66, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 53.45M with 20.75% sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of INOV.

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