Invivyd, Inc.’s (NASDAQ:IVVD) 26% Share Price Plunge Could Signal Some Risk
The Invivyd, Inc. (NASDAQ:IVVD) share price has softened a substantial 26% over the previous 30 days, handing back much of the gains the stock has made lately. Regardless, last month’s decline is barely a blip on the stock’s price chart as it has gained a monstrous 398% in the last year.
Even after such a large drop in price, you could still be forgiven for feeling indifferent about Invivyd’s P/S ratio of 10.8x, since the median price-to-sales (or “P/S”) ratio for the Biotechs industry in the United States is also close to 11.5x. However, investors might be overlooking a clear opportunity or potential setback if there is no rational basis for the P/S.
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