Price Action Don’t Lie: Today Invuity, Inc. Stock Reaches All-Time Low

Price Action Don't Lie: Today Invuity, Inc. Stock Reaches All Time Low

The stock of Invuity, Inc. (NASDAQ:IVTY) reached all time low today, Nov, 4 and still has $4.68 target or 12.00% below today’s $5.32 share price. This indicates more downside for the $156.61 million company. This technical setup was reported by If the $4.68 PT is reached, the company will be worth $18.79M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 1.18 million shares traded hands or 1794.88% up from the average. Invuity, Inc. (NASDAQ:IVTY) has risen 31.39% since April 4, 2016 and is uptrending. It has outperformed by 30.30% the S&P500.

Analysts await Invuity, Inc. (NASDAQ:IVTY) to report earnings on November, 8. They expect $-0.70 EPS, down 1.45% or $0.01 from last year’s $-0.69 per share. After $-0.76 actual EPS reported by Invuity, Inc. for the previous quarter, Wall Street now forecasts -7.89% EPS growth.

Invuity, Inc. (NASDAQ:IVTY) Ratings Coverage

Out of 2 analysts covering Invuity Inc (NASDAQ:IVTY), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Invuity Inc has been the topic of 2 analyst reports since August 29, 2016 according to StockzIntelligence Inc. The rating was initiated by Craig Hallum with “Buy” on Monday, August 29. Lake Street initiated Invuity, Inc. (NASDAQ:IVTY) rating on Monday, September 19. Lake Street has “Buy” rating and $18 price target.

According to Zacks Investment Research, “Invuity, Inc. is a medical technology company. Its products include Eikon Illuminated Retractor System, Saber Yankauer, Saber Frazier, Eika Illuminated Retractor System, Breiten Illuminated Retractor System, Eipex Illuminated Retractor System, Eivector Illuminated Retractor System and Waveguide XT System. The Company sells its devices through its direct sales representatives and original equipment manufacturers of surgical systems. Invuity, Inc. is based in San Francisco, California.”

IVTY Company Profile

Invuity, Inc., formerly Spotlight Surgical, Inc., incorporated on May 29, 2015, is a commercial-stage medical technology company. The Firm provides surgeons with direct visualization of surgical cavities during minimally invasive and minimal access surgical procedures. The Firm integrates its Intelligent Photonics technology platform into its single-use and reusable surgical devices to address some of the intracavity illumination and visualization challenges. The Firm utilizes its technology to develop optical waveguides that direct and shape thermally cool, brilliant light into broad, uniform and volumetric illumination of the surgical target. It sells its devices to approximately 530 hospitals.

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