Stocks To Watch: Reata Pharmaceuticals, Inc. (RETA) And Inovalon Holdings, Inc. (INOV) In The Spotlight

The price of Reata Pharmaceuticals, Inc. (NASDAQ:RETA) went up by $1.11 now trading at $88.75. Their shares witnessed a 165.8% increase from the 52-week low price of $33.39 they recorded on 2018-06-25. Even though it is still -17.78% behind the $104.53 high touched on 2019-03-05. The last few days have been good for the stock, as its price has grew by 1.01% during the week. It has also performed poorly over the past three months, as it lost around -6.71% while it has so far climbed around 137.94% during the course of a year. The stock of RETA recorded 58.2% uptrend from the beginning of this year till date. The 12-month potential price target for Reata Pharmaceuticals, Inc. is set at $132.14. This target means that the stock has an upside potential to increase by 48.89% from the current trading price.

38 institutions entered new Reata Pharmaceuticals, Inc. (NASDAQ:RETA) positions, 86 added to their existing positions in these shares, 60 lowered their positions, and 12 exited their positions entirely.

Reata Pharmaceuticals, Inc. (RETA) trade volume has increased by 6.05% as around 225,566 shares were sold when compared with its 50-day average volume of traded shares which is 212,704. At the moment, RETA is witnessing a downtrend, as it is trading -0.86% below its 20-day SMA, 2.87% above its 50-day SMA, and 14.91% above its 200-day SMA. The company runs an ROE of roughly 380%, with financial analysts predicting that their earnings per share growth will be around 0% per annum for the next five year. This will be compared to the -10.6% decrease witnessed over the past five years.

The first technical resistance point for Reata Pharmaceuticals, Inc. (NASDAQ:RETA) will likely come at $89.74, marking a 1.1% premium to the current level. The second resistance point is at $90.73, about 2.18% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $85.79, the lower end of the range. RETA’s 14-day MACD is 0.5 and this positive figure indicates an upward trading trend. The company’s 14-day RSI (relative strength index) score is 51.59, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 43.63 percent, which is low when compared to that of the 50-day’s 44.73 percent.

The shares of Inovalon Holdings, Inc. (NASDAQ:INOV) has increased by 1.06%, and now trading at $14.27 on the Wall Street in the intra-day deal, with their shares traded now around 195,267. This is a decline of -230,907 shares over the average 426,174 shares that were traded daily over the last three months. The stock that is trading at $14.27 went higher by 55.28% from its 52-week low of $9.19 that it attained back on 2018-11-05. The stock recorded a 52-week high of $15.57 nearly 118 days ago on 2019-02-15.

INOV stock has performed well over the past 30 days, as it added 8.6% while its price climbed by 0.63% year-to-date (YTD). Looking at the last few days, it has been good for the stock, as it rose 3.11% over the last week. The stock’s 12-month potential target price is now at $14.33. This means that the stock price might likely increase by 0.42% from its current trading price. 1 out of 8 Wall Street analysts which represents 12.5% rated the stock as a buy while the remaining 62.5% rated it as a hold, with 25% of analysts rating it as a sell.

Inovalon Holdings, Inc. (NASDAQ:INOV) has been utilizing an ROE that is roughly -4.5%, with stock analysts predicting that the company’s EPS for the next five years will go up by 8% per year, following the -26.1% drop that was witnessed during the past five years. The stock at the moment is on a uptrend, trading 2.11% above its 20-day SMA, 6.98% above its 50-day SMA, and 14.39% above its 200-day SMA. In percentage terms, the aggregate Inovalon Holdings, Inc. shares held by institutional investors is 68.3%. 22 institutions jumped in to acquire Inovalon Holdings, Inc. (INOV) fresh stake, 54 added to their current holdings in these shares, 54 lowered their positions, and 20 left no stake in the company.

The stock’s 9-day MACD is 0.25 and this positive figure indicates an upward trading trend. The company’s 9-day RSI score is 60.43, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 26.48 percent, which is less when compared to that of the 50-day’s 32.66 percent. On the daily chart, we see that the stock could reach the first level of resistance at $14.38, sporting a 0.76% premium to the current level. The next resistance point is at $14.49, representing nearly 1.52% premium to the current market price of Inovalon Holdings, Inc. (INOV). On the other hand, failure to breach the immediate hurdles can drag it down to $13.85, the lower end of the range.