Nuvation Bio Inc. (NYSE:NUVB) Jumps 0.67 Percent, But More Could Be Coming. – Marketing Sentinel
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Nuvation Bio Inc. (NYSE:NUVB) Jumps 0.67 Percent, But More Could Be Coming.

In last trading session, Nuvation Bio Inc. (NYSE:NUVB) saw 0.71 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $6.01 trading at $0.04 or 0.67% at ring of the bell on the day assigns it a market valuation of $1.31B. That closing price of NUVB’s stock is at a discount of -153.41% from its 52-week high price of $15.23 and is indicating a premium of 1.16% from its 52-week low price of $5.94. Taking a look at company’s average trading volume of 1.08 million if we extend that period to 3-months.

For Nuvation Bio Inc. (NUVB), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.50. Splitting up the data highlights that, out of 6 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.12 in the current quarter.

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Nuvation Bio Inc. (NYSE:NUVB) trade information

Upright in the green during last session for gaining 0.67%, in the last five days NUVB remained trading in the red while hitting it’s week-highest on Tuesday, 01/11/22 when the stock touched $6.01 price level, adding 10.7% to its value on the day. Nuvation Bio Inc.’s shares saw a change of -29.29% in year-to-date performance and have moved -10.30% in past 5-day. Nuvation Bio Inc. (NYSE:NUVB) showed a performance of -40.08% in past 30-days.

Wall Street analysts have assigned a consensus price target of $18.20 to the stock, which implies a rise of 66.98% to its current value. Analysts have been projecting $15.00 as a low price target for the stock while placing it at a high target of $23.00. It follows that stock’s current price would drop -282.7% in reaching the projected high whereas dropping to the targeted low would mean a loss of -149.58% for stock’s current value.

Nuvation Bio Inc. (NUVB) estimates and forecasts

Statistics highlight that Nuvation Bio Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -27.15% of value to its shares in past 6 months, showing an annual growth rate of -91.30% while that of industry is 7.90. Apart from that, the company came lowering its revenue forecast for fiscal year 2022.

NUVB Dividends

Nuvation Bio Inc. is more likely to be releasing its next quarterly report between March 09 and March 14 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Nuvation Bio Inc. (NYSE:NUVB)’s Major holders

Insiders are in possession of 27.16% of company’s total shares while institution are holding 67.35 percent of that, with stock having share float percentage of 92.46%. Investors also watch the number of corporate investors in a company very closely, which is 67.35% institutions for Nuvation Bio Inc. that are currently holding shares of the company. FMR, LLC is the top institutional holder at NUVB for having 32.13 million shares of worth $319.37 million. And as of Sep 29, 2021, it was holding 14.75% of the company’s outstanding shares.

The second largest institutional holder is Omega Fund Management, Llc, which was holding about 28.21 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 12.95% of outstanding shares, having a total worth of $280.43 million.

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On the other hand, Fidelity Contrafund Inc and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Oct 30, 2021, the former fund manager was holding 6.91 million shares of worth $63.37 million or 3.17% of the total outstanding shares. The later fund manager was in possession of 3.99 million shares on Sep 29, 2021, making its stake of worth around $39.63 million in the company or a holder of 1.83% of company’s stock.

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