Iovance Biotherapeutics Inc (NASDAQ:IOVA) has a beta value of 0.63 and has seen 1.54 million shares traded in the recent trading session. The company, currently valued at $2.49B, closed the recent trade at $8.90 per share which meant it gained $0.21 on the day or 2.36% during that session. The IOVA stock price is -105.96% off its 52-week high price of $18.33 and 63.93% above the 52-week low of $3.21. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.12 million shares traded. The 3-month trading volume is 6.63 million shares.
The consensus among analysts is that Iovance Biotherapeutics Inc (IOVA) is Buy stock at the moment, with a recommendation rating of 1.31. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 6 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight.
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Iovance Biotherapeutics Inc (NASDAQ:IOVA) trade information
Sporting 2.36% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the IOVA stock price touched $8.90 or saw a rise of 2.84%. Year-to-date, Iovance Biotherapeutics Inc shares have moved 9.41%, while the 5-day performance has seen it change -0.50%. Over the past 30 days, the shares of Iovance Biotherapeutics Inc (NASDAQ:IOVA) have changed 9.01%. Short interest in the company has seen 56.42 million shares shorted with days to cover at 6.97.
Wall Street analysts have a consensus price target for the stock at $25, which means that the shares’ value could jump 64.4% from the levels at last check today. The projected low price target is $6 while the price target rests at a high of $40. In that case, then, we find that the latest price level in today’s session is -349.44% off the targeted high while a plunge would see the stock lose 32.58% from the levels at last check today.
Iovance Biotherapeutics Inc (IOVA) estimates and forecasts
Figures show that Iovance Biotherapeutics Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 14.33% over the past 6 months, with this year growth rate of 28.57%, compared to 15.30% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -8.25% over the past 5 years.
IOVA Dividends
Iovance Biotherapeutics Inc is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Iovance Biotherapeutics Inc (NASDAQ:IOVA)’s Major holders
Insiders own 0.54% of the company shares, while shares held by institutions stand at 89.46% with a share float percentage of 89.95%. Investors are also buoyed by the number of investors in a company, with Iovance Biotherapeutics Inc having a total of 372.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 24.92 million shares worth more than $369.24 million. As of 2024-03-31, VANGUARD GROUP INC held 9.7344% of shares outstanding.
The other major institutional holder is MHR FUND MANAGEMENT LLC, with the holding of over 24.0 million shares as of 2024-03-31. The firm’s total holdings are worth over $355.64 million and represent 9.3757% of shares outstanding.
