Stock on Watch: Inovalon Holdings, Inc. (INOV)

Company Profile:

Inovalon Holdings, Inc., a technology company, combines advanced cloud-based data analytics and data-driven intervention platforms to provide services for health plans, hospitals, physicians, patients, pharmaceutical companies and researchers. Through its datasets, integration technologies, predictive analytics and subject matter expertise, the Company delivers platforms. Its analytics identify gaps in care, quality, data integrity, and financial performance, while providing clients with capabilities to resolve these gaps. The Company’s data analytics and intervention platforms consist of four primary components: data integration, advanced analytics, intervention platforms and business processing. This system manages the process of defining and configuring industry data feeds from its clients and partners, including electronic health records, laboratory, pharmacy, patient reported, claims, paper based medical records, biometric, and hospital data feeds. Inovalon Holdings, Inc. was founded in 1998 and is headquartered in Bowie, Maryland.

Recent News:

Its 2016 annual meeting of stockholders will be held on Wednesday, May 18, 2016, at 10 a.m. EDT at the Westin Annapolis Hotel located at 100 Westgate Circle, Annapolis, Maryland 21401. The record date for determining those stockholders entitled to vote at the 2016 annual meeting of stockholders is the close of business on March 24, 2016.

Revenue for the fourth quarter of 2015 was $120.6 million, inclusive of $13.3 million contributed by Avalere, an increase of $30.6 million, or 34%, compared with $89.9 million for the fourth quarter of 2014. Non-GAAP net income for the fourth quarter of 2015 was $19.7 million, resulting in Non-GAAP diluted net income per share of $0.13, compared with $14.8 million and $0.12 per share, respectively, for the fourth quarter of 2014.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

INOV’s strengths can be seen in its better growth, strong profitability and better efficiency. Its revenue and net income have increased over several years. Technical indicators signal the bullish signs, as there is a bullish cross in Stochastic Oscillator. RSI is increasing to 55.22. The current P/BV ratio indicates it is undervalued compared to the average P/BV ratio of the industry. We rate Inovalon Holdings, Inc. (INOV) a Strong BUY.

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