The stock of Invuity, Inc. (NASDAQ:IVTY) is a huge mover today! The stock decreased 7.58% or $1.04 on October 3, hitting $12.68. About 83,809 shares traded hands. Invuity, Inc. (NASDAQ:IVTY) has risen 87.18% since February 29, 2016 and is uptrending. It has outperformed by 74.96% the S&P500.
The move comes after 8 months negative chart setup for the $223.76 million company. It was reported on Oct, 4 by Barchart.com. We have $11.41 PT which if reached, will make NASDAQ:IVTY worth $22.38M less.
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. Craig Hallum initiated the stock with “Buy” rating in Monday, August 29 report. Lake Street initiated Invuity, Inc. (NASDAQ:IVTY) on Monday, September 19 with “Buy” rating.
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.”
More news for Invuity, Inc. (NASDAQ:IVTY) were recently published by: Quotes.Wsj.com, which released: “Invuity Inc. IVTY (US: Nasdaq)” on June 05, 2015. Prnewswire.com‘s article titled: “Invuity Names James H. Mackaness Chief Financial Officer” and published on August 10, 2015 is yet another important article.
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.