Inovalon Holdings Inc. (NASDAQ:INOV) traded today at a new 52-week high of $40.51. So far today approximately 292,000 shares have been exchanged, as compared to an average 30-day volume of 983,000 shares.
Over the past year, Inovalon Holdings Inc. has traded in a range of $17.56 to $40.51 and is now at $40.49, 131% above that low.
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) defies analysts with a current price ($40.49) 44.9% above its average consensus price target of $22.32.
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