Stock under Review: Invitae Corporation (NYSE: NVTA)

On Thursday, Shares of Invitae Corporation (NYSE: NVTA) showed the bearish trend with a lower momentum of -0.47% to $23.51. The company traded total volume of 1,151,704 shares as contrast to its average volume of 1.88M shares. The company has a market value of $1.93B and about 82.11M shares outstanding.

Invitae Corp. (NVTA) stated a loss of $29.80M in its fourth quarter. The San Francisco-based company said it had a loss of 40 cents per share. The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 42 cents per share.

The genetic testing company posted revenue of $45.40M in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $40.90M.

For the year, the company stated that its loss widened to $129.40M, or $1.94 per share. Revenue was stated as $147.70M.

The Company offered net profit margin of -87.60% while its gross profit margin was 45.80%. ROE was recorded as -88.90% while beta factor was 2.19. The stock, as of recent close, has shown the weekly upbeat performance of 0.04% which was maintained at 112.57% in this year.

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