During the last session, Iovance Biotherapeutics Inc (NASDAQ:IOVA)’s traded shares were 4.25 million, with the beta value of the company hitting 0.63. At the end of the trading day, the stock’s price was $7.96, reflecting an intraday loss of -4.21% or -$0.35. The 52-week high for the IOVA share is $18.33, that puts it down -130.28 from that peak though still a striking 59.67% gain since the share price plummeted to a 52-week low of $3.21. The company’s market capitalization is $2.23B, and the average intraday trading volume over the past 10 days was 6.8 million shares, and the average trade volume was 6.62 million shares over the past three months.
Iovance Biotherapeutics Inc (IOVA) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.31. IOVA has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight.
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Iovance Biotherapeutics Inc (NASDAQ:IOVA) trade information
Iovance Biotherapeutics Inc (IOVA) registered a -4.21% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -4.21% in intraday trading to $7.96, hitting a weekly high. The stock’s 5-day price performance is -8.82%, and it has moved by -0.50% in 30 days. Based on these gigs, the overall price performance for the year is 2.05%. The short interest in Iovance Biotherapeutics Inc (NASDAQ:IOVA) is 56.42 million shares and it means that shorts have 6.97 day(s) to cover.
The extremes of the forecast give a target low and a target high price of $6 and $40 respectively. As a result, IOVA is trading at a discount of -402.51% off the target high and 24.62% off the low.
Iovance Biotherapeutics Inc (IOVA) estimates and forecasts
Statistics show that Iovance Biotherapeutics Inc has outperformed its competitors in share price, compared to the industry in which it operates. Iovance Biotherapeutics Inc (IOVA) shares have gone up 0.25% during the last six months, with a year-to-date growth rate more than the industry average at 28.57% against 15.20.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -8.25%. While earnings are projected to return 31.94% in 2024.
IOVA Dividends
Iovance Biotherapeutics Inc is due to release its next quarterly earnings in August. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Iovance Biotherapeutics Inc (NASDAQ:IOVA)’s Major holders
The next largest institutional holding, with 24.0 million shares, is of MHR FUND MANAGEMENT LLC’s that is approximately 9.3757% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $355.64 million.
