In the last trading session, 3.69 million Iovance Biotherapeutics Inc (NASDAQ:IOVA) shares changed hands as the company’s beta touched 0.62. With the company’s per share price at $15.02 changed hands at -$0.34 or -2.21% during last session, the market valuation stood at $4.20B. IOVA’s last price was a discount, traded about -22.04% off its 52-week high of $18.33. The share price had its 52-week low at $3.21, which suggests the last value was 78.63% up since then. When we look at Iovance Biotherapeutics Inc’s average trading volume, we note the 10-day average is 7.56 million shares, with the 3-month average coming to 10.66 million.
Iovance Biotherapeutics Inc (NASDAQ:IOVA) trade information
Instantly IOVA was in red as seen at the end of in last trading. With action 7.98%, the performance over the past five days has been green. The drop to weekly highs of 15.90 subtracted -2.21% to the stock’s daily price. The company’s shares are showing year-to-date upside of 84.75%, with the 5-day performance at 7.98% in the green. However, in the 30-day time frame, Iovance Biotherapeutics Inc (NASDAQ:IOVA) is -5.77% down. Looking at the short shares, we see there were 46.71 million shares sold at short interest cover period of 3.33 days.
Iovance Biotherapeutics Inc (IOVA) estimates and forecasts
Data shows that the Iovance Biotherapeutics 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 198.31% over the past 6 months, a 25.93% in annual growth rate that is considerably higher than the industry average of 12.20%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Iovance Biotherapeutics Inc will rise 16.00%, while the growth in revenue is estimated to hit 23.40% for the next quarter. Year-over-year growth is forecast to reach 13,547.60% up from the last financial year.
Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of $2.07 million. 12 analysts are of the opinion that Iovance Biotherapeutics Inc’s revenue for the quarter ending Jun 2024 will be $28.6 million. The company’s revenue for the corresponding quarters a year ago was $200k and $238k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 935.00%. The estimates for the next quarter sales put growth at 11,916.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -8.25%. The 2024 estimates are for Iovance Biotherapeutics Inc earnings to increase by 30.65%.
IOVA Dividends
Iovance Biotherapeutics Inc is expected to release its next quarterly earnings report between May 07 and May 13.
Iovance Biotherapeutics Inc (NASDAQ:IOVA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.56% of Iovance Biotherapeutics Inc shares while 89.16% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 89.66%. There are 89.16% institutions holding the Iovance Biotherapeutics Inc stock share, with Vanguard Group Inc the top institutional holder. As of Dec 30, 2023, the company held 8.17% of the shares, roughly 22.81 million IOVA shares worth $342.65 million.
MHR Fund Management, LLC holds the second largest percentage of outstanding shares, with 7.16% or 20.0 million shares worth $300.36 million as of Dec 30, 2023.
Among Mutual Funds, the top two as of Jan 30, 2024 were SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF and Vanguard Total Stock Market Index Fund. With 10.9 million shares estimated at $163.65 million under it, the former controlled 3.90% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.54% of the shares, roughly 7.1 million shares worth around $106.7 million.
