(INNV) InnovAge Holding - Ratings and Ratios

InnovAge Holding Corp (NASDAQ:INNV) operates as a healthcare services provider specializing in senior care through the Program of All-Inclusive Care for the Elderly (PACE). The company delivers comprehensive medical and non-medical services to enable elderly participants to live independently in their homes or in supported community settings. Its service portfolio includes in-home care (skilled, unskilled, and personal care), in-center services such as primary care, physical therapy, and mental health services, as well as transportation to medical appointments. The company manages PACE centers across six states: Colorado, California, New Mexico, Pennsylvania, Florida, and Virginia. Formerly known as TCO Group Holdings, Inc., InnovAge rebranded in January 2021 and has been operational since its founding in 2007. The company is headquartered in Denver, Colorado.

From a financial perspective, InnovAge Holding Corp (NASDAQ:INNV) has a market capitalization of $449.01M USD. The stock currently trades at $3.26, with a 20-day average volume of 63,981 shares. Its price-to-book ratio stands at 1.81, and the forward P/E ratio is 13.66, indicating potential undervaluation relative to future earnings expectations. However, the return on equity (RoE) is -10.04%, reflecting current profitability challenges.

Over the next three months, based on the and , InnovAges stock is expected to remain volatile but range-bound. The 20-day moving average ($3.42) and 50-day moving average ($3.68) suggest downward momentum, while the 200-day moving average ($5.01) indicates longer-term weakness. The average true range (ATR) of 0.22 signals moderate price fluctuations. Given the negative RoE and the absence of a trailing P/E, investors may remain cautious. However, the forward P/E of 13.66 could attract value-oriented buyers if the company demonstrates operational improvements. Overall, the stock is likely to trade between $3.00 and $3.50, with potential downside risks tied to profitability concerns.