In the latest trading session, 0.77 million Inovio Pharmaceuticals Inc (NASDAQ:INO) shares changed hands as the company’s beta touched 1.03. With the company’s most recent per share price at $0.41 changed hands at -$0.02 or -5.51% at last look, the market valuation stands at $110.69M. INO’s current price is a discount, trading about -478.05% off its 52-week high of $2.37. The share price had its 52-week low at $0.32, which suggests the last value was 21.95% up since then. When we look at Inovio Pharmaceuticals Inc’s average trading volume, we note the 10-day average is 2.26 million shares, with the 3-month average coming to 3.47 million.
Analysts gave the Inovio Pharmaceuticals Inc (INO) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended INO as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Inovio Pharmaceuticals Inc’s EPS for the current quarter is expected to be -$0.11.
Inovio Pharmaceuticals Inc (NASDAQ:INO) trade information
Instantly INO was in red as seen in intraday trades today. With action 15.84%, the performance over the past five days has been green. The drop to weekly highs of 0.4300 on Friday, 11/17/23 subtracted -5.51% to the stock’s daily price. The company’s shares are showing year-to-date downside of -74.01%, with the 5-day performance at 15.84% in the green. However, in the 30-day time frame, Inovio Pharmaceuticals Inc (NASDAQ:INO) is -13.73% down. Looking at the short shares, we see there were 24.94 million shares sold at short interest cover period of 4.1 days.
The consensus price target for the stock as assigned by Wall Street analysts is $0.40, meaning bulls need a downside of -2.5% from its recent market value. According to analyst projections, INO’s forecast low is $0.40 with $0.40 as the target high. To hit the forecast high, the stock’s price needs a 2.44% surge from its current level, while the stock would need to tank 2.44% for it to hit the projected low.
Inovio Pharmaceuticals Inc (INO) estimates and forecasts
Data shows that the Inovio Pharmaceuticals Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -39.71% over the past 6 months, a 56.41% in annual growth rate that is considerably higher than the industry average of 14.90%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Inovio Pharmaceuticals Inc will rise 47.60%, while the growth in revenue is estimated to hit 43.80% for the next quarter. Year-over-year growth is forecast to reach -91.90% down from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of $110k. 1 analysts are of the opinion that Inovio Pharmaceuticals Inc’s revenue for the quarter ending Mar 2024 will be $200k. The company’s revenue for the corresponding quarters a year ago was $124k and $114k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -11.30%. The estimates for the next quarter sales put growth at 75.40%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -1.47%. The 2023 estimates are for Inovio Pharmaceuticals Inc earnings to increase by 55.27%, but the outlook for the next 5-year period is at 41.50% per year.
Inovio Pharmaceuticals Inc is expected to release its next quarterly earnings report on November 09.
Inovio Pharmaceuticals Inc (NASDAQ:INO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.64% of Inovio Pharmaceuticals Inc shares while 36.57% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 37.18%. There are 36.57% institutions holding the Inovio Pharmaceuticals Inc stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 7.49% of the shares, roughly 20.07 million INO shares worth $8.96 million.
Shaw D.E. & Co., Inc. holds the second largest percentage of outstanding shares, with 2.84% or 7.6 million shares worth $3.39 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard Horizon Fund-Strategic Small-Cap Equity Fund. With 8.26 million shares estimated at $3.69 million under it, the former controlled 3.08% of total outstanding shares. On the other hand, Vanguard Horizon Fund-Strategic Small-Cap Equity Fund held about 1.51% of the shares, roughly 4.06 million shares worth around $1.81 million.