INOV - Shares of Inovalon Holdings Inc. (INOV) Rise Above Previous 52-Week High

Shares of Inovalon Holdings Inc. (NASDAQ:INOV) traded at a new 52-week high today of $41.00. This new high was reached on below average trading volume as 292,000 shares traded hands, while the average 30-day volume is approximately 599,000 shares.

In the past 52 weeks, shares of Inovalon Holdings Inc. have traded between a low of $17.56 and a high of $41.00 and is now at $40.98, which is 133% above that low price.

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.

Inovalon Holdings Inc. (NASDAQ:INOV) is currently priced 56.0% above its average consensus analyst price target of $18.01.

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