Invitae (NVTA) finds itself on a downward trend after reversing from highs attained in its very bullish 2018 performance. This downtrend is coming on the back of disappointing earnings reports and the accompanying heavy selling of NVTA shares in the stock market. Here is the analysis for NVTA as we head into the middle of Q2 2019.
Fundamental Outlook
Invitae's Q1 2019 earnings results showed a loss of 47 cents per share, which was slightly worse than expectations. Investors reacted negatively to the shortfall in revenue forecast. This result was worse than the