Down nearly 85% in 2022. That's the situation for Invitae (NYSE: NVTA) stock. There's no way to spin that as positive news. However, this steep sell-off is also water under the bridge.
Could Invitae be a good pick to buy going forward? Opinions vary. Here are the bull and bear arguments for Invitae stock.
Adria Cimino: It's true Invitae has struggled to turn revenue gains into profit. But it made a move in July that may have put it on the right path. The company launched a strategic business realignment plan. The goal is to bring Invitae to positive cash flow as quickly as possible.
Source Fool.com