Will Current Price Volatility Hamper Nuvectis Pharma Inc (NVCT) Future Potential?

Nuvectis Pharma Inc (NASDAQ:NVCT) has a beta value of 0.45 and has seen 63332.0 shares traded in the last trading session. The company, currently valued at $129.80M, closed the last trade at $6.96 per share which meant it gained $0.17 on the day or 2.50% during that session. The NVCT stock price is -118.39% off its 52-week high price of $15.20 and 15.95% above the 52-week low of $5.85. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.16 million shares traded. The 3-month trading volume is 93.94K shares.

Nuvectis Pharma Inc (NASDAQ:NVCT) trade information

Sporting 2.50% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the NVCT stock price touched $6.96 or saw a rise of 7.2%. Year-to-date, Nuvectis Pharma Inc shares have moved -16.55%, while the 5-day performance has seen it change -1.97%. Over the past 30 days, the shares of Nuvectis Pharma Inc (NASDAQ:NVCT) have changed 12.62%. Short interest in the company has seen 0.9 million shares shorted with days to cover at 18.01.

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Nuvectis Pharma Inc (NVCT) estimates and forecasts

Figures show that Nuvectis Pharma Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -34.95% over the past 6 months, with this year growth rate of 26.57%, compared to 18.00% for the industry.

NVCT Dividends

Nuvectis Pharma Inc is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Nuvectis Pharma Inc (NASDAQ:NVCT)’s Major holders

Insiders own 53.26% of the company shares, while shares held by institutions stand at 11.44% with a share float percentage of 24.49%. Investors are also buoyed by the number of investors in a company, with Nuvectis Pharma Inc having a total of 58.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 0.25 million shares worth more than $1.59 million. As of 2024-06-30, VANGUARD GROUP INC held 1.5166% of shares outstanding.

The other major institutional holder is BALDWIN BROTHERS LLC/MA, with the holding of over 0.17 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.07 million and represent 1.0183% of shares outstanding.