Notable Price Action: What’s in Invuity, Inc. After Today’s Huge Increase?

Notable Price Action: What's in Invuity, Inc. After Today's Huge Increase?

The stock of Invuity, Inc. (NASDAQ:IVTY) is a huge mover today! About 89,337 shares traded hands. Invuity, Inc. (NASDAQ:IVTY) has declined 30.14% since April 5, 2016 and is downtrending. It has underperformed by 32.09% the S&P500.
The move comes after 5 months positive chart setup for the $86.34 million company. It was reported on Nov, 7 by We have $14.94 PT which if reached, will make NASDAQ:IVTY worth $128.65 million more.

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 stock of Invuity, Inc. (NASDAQ:IVTY) earned “Buy” rating by Craig Hallum on Monday, August 29. The firm has “Buy” rating given on Monday, September 19 by Lake Street.

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.”

Another recent and important Invuity, Inc. (NASDAQ:IVTY) news was published by which published an article titled: “Invuity Inc. IVTY (US: Nasdaq)” on June 05, 2015.

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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