INNV Stock Summary and Trading Ideas (Innovage Holding Corp. | NASDAQ:INNV)

InnovAge Holding Corp is a healthcare delivery platform by several participants focused on providing all-inclusive, capitated care to high-cost, dual-eligible seniors. Its patient-centered care delivery approach improves the quality of care while keeping them in their homes and reducing over-utilization of high-cost care settings such as hospitals and nursing homes. The company's segment includes PACE and others. It generates maximum revenue from the PACE segment.

Innovage Holding Corp. trades on the NASDAQ stock market under the symbol INNV.

As of March 5, 2025, INNV stock price climbed to $3.39 with 3,143 million shares trading.

INNV has a beta of 0.82, meaning it tends to be less sensitive to market movements. INNV has a correlation of 0.05 to the broad based SPY ETF.

INNV has a market cap of $458.48 million. This is considered a Small Cap stock.

Last quarter Innovage Holding Corp. reported $209 million in Revenue and -$.04 earnings per share. This fell short of revenue expectation by $-1 million and missed earnings estimates by -$.04.

In the last 3 years, INNV traded as high as $8.15 and as low as $3.12.

The top ETF exchange traded funds that INNV belongs to (by Net Assets): VTI, IWM, VB, VXF, VBK.

INNV has underperformed the market in the last year with a return of -30.4%, while the SPY ETF gained +14.0%. In the last 3 month period, INNV fell short of the market, returning -29.4%, while SPY returned -4.7%. However, in the most recent 2 weeks INNV has outperformed the stock market by returning -0.9%, while SPY returned -5.6%.

INNV support price is $3.16 and resistance is $3.47 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that INNV shares will trade within this expected range on the day.