Inovalon Holdings Inc. (NASDAQ:INOV) traded today at a new 52-week high of $40.53. Approximately 292,000 shares have changed hands today, as compared to an average 30-day volume of 1 million shares.
Based on a current price of $40.30, Inovalon Holdings Inc. is currently 44.3% above its average consensus analyst price target of $22.44.
Inovalon Holdings Inc. share prices have moved between a 52-week high of $40.53 and a 52-week low of $17.56 and are now trading 129% above that low price at $40.30 per share.
Inovalon Holdings Inc provides cloud-based analytics and platforms for healthcare providers and pharmaceutical firms. Its platform can be used to identify gaps in care, quality, data integrity, and financial performance. The primary capabilities of Inovalon’s big data platform are data integration, advanced analytics, intervention platforms, and business processing. It maintains a registry of data compiled from several sources, including electronic health records, claims, and pharmacies. Analytics run on this data can determine the presence of a disease, gaps in clinical outcomes, or medical compliance.
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