Indivior Share Price Forecast July 2021 – Time to Buy INDV?
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Shares of pharmaceutical company Indivior (LSE: INDV) are in green today after the share prices went up 88% this month compared to what it was a year ago. This surge makes investors wonder if it is the right time to pick up INDV shares.
Indivior – Technical Analysis
According to the financial statement released by Indivior PLC, it has a market cap of £1.115B while total assets are worth £1.168B. The revenue of the company was £504.54M in 2020 compared to £615.33M in 2019. The market for INDV closed on July 21 at £152.0 with an uptrend of 0.20%.
The technical information of INDV offers more insight. Moving Averages such as Exponential Moving Average (10)(153.3), Simple Moving Average (10)(153.8), Volume Weighted Moving Average (20)(154.8), and Simple Moving Average (20)(154.1) are pointing towards a sell action. Oscillators like Stochastic RSI Fast (3, 3, 14, 14)(14.2), William Percent Range (14)(-77.8), and Ultimate Oscillator (7, 14, 28)(47.4) are being neutral, while MACD Level (12, 26)(-0.2) are pointing towards a sell action.
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Recent Developments
Indivior raised its sales guidance by over 12% for 2021 as both old and new products keep surpassing expectations of sales. As a result, the adjusted pre-tax income for the current year is expected to be way above the original guidance of the group. The company is not relying on Sublocade, an extended-release injection of Indivior PLC for its revenue this year.
As the company stated, a big order from a criminal justice system customer can increase the sales of Sublocade to £152.91M-£167.48 compared to the previous estimate of £134.71M. Another product of the company is Suboxone film. It has also been declining slower than forecasted, while movements may add a further £7.28M to turnover.
Over twelve months, Indivior PLC’s shares fell 3.7%. The company posted a net loss of £ 107.77M in 2020 on sales of £471.84M. The adjusted net income was £42.96M. The shares rose 10% at the end of June which was the highest in almost two and a half years.
Should You Buy INDV Shares?
If you only look at this year’s performance, then INDV shares appear to do great as the share prices have gone up 88%. However, before investing in a share, you must consider the picture in long run. You can see that the shares have fallen 58%b during the last three years. Moreover, the technical indicators are not pointing towards a buy action at the moment. All moving averages are pointing towards selling, while oscillators are either neutral or pointing towards a sell action. So, this may not be a great time to purchase INDV shares.
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