- Invitae is a truly hyped-up story stock. When growth is slowing and you have no profitability to show for it, the market's hammering of NVTA stock is well-justified.
- We urge investors to be cautious in our previous article and beware of its hype. The stock has fallen almost 90% since our article was published.
- Invitae's underlying metrics continue to look awful amid slowing growth. So don't even bother considering adding a speculative position yet.
- We reiterate our Hold rating on NVTA stock. Investors are urged to avoid buying into its story thesis.
For further details see:
Invitae: The Hype Train Crashed As We Warned Last Year