INNV Should I Buy
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InnovAge Holding Corp (INNV) is not a strong buy at the moment for a beginner investor with a long-term strategy. While the technical indicators show a bullish trend, the financial performance reveals significant challenges with a sharp decline in net income and EPS. Additionally, hedge funds are selling, and there are no recent positive news catalysts or influential political trades to support a strong buy decision. The options data also suggests limited bullish sentiment.
The stock shows a bullish trend with moving averages (SMA_5 > SMA_20 > SMA_200) and a positive MACD histogram. However, RSI is neutral at 57.125, and the stock is trading below the pivot level of 8.206, suggesting limited upward momentum in the short term.
Bullish moving averages and a slight pre-market price increase of 3.51%.
Hedge funds are selling significantly (+105.94% last quarter), net income and EPS have dropped sharply (-180% YoY), and there is no recent positive news or influential political trades.
In Q2 2026, revenue increased by 14.69% YoY to $239.7M, but net income dropped by -180.31% YoY to $10.6M, and EPS declined by -180% YoY to $0.08. Gross margin improved by 32.01% YoY to 20%.
No recent analyst rating or price target changes are available.
