Nuvation Bio Inc (NYSE:NUVB) has a beta value of 1.37 and has seen 3.12 million shares traded in the last trading session. The company, currently valued at $759.95M, closed the last trade at $2.27 per share which meant it gained $0.26 on the day or 12.94% during that session. The NUVB stock price is -83.26% off its 52-week high price of $4.16 and 58.15% above the 52-week low of $0.95. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.79 million shares traded. The 3-month trading volume is 1.53 million shares.
The consensus among analysts is that Nuvation Bio Inc (NUVB) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 4 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight.
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Nuvation Bio Inc (NYSE:NUVB) trade information
Sporting 12.94% 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 NUVB stock price touched $2.27 or saw a rise of 6.2%. Year-to-date, Nuvation Bio Inc shares have moved 50.33%, while the 5-day performance has seen it change -5.81%. Over the past 30 days, the shares of Nuvation Bio Inc (NYSE:NUVB) have changed -25.82%. Short interest in the company has seen 21.42 million shares shorted with days to cover at 12.67.
Wall Street analysts have a consensus price target for the stock at $6, which means that the shares’ value could jump 62.17% from current levels. The projected low price target is $5.0 while the price target rests at a high of $10.0. In that case, then, we find that the current price level is -340.53% off the targeted high while a plunge would see the stock gain -120.26% from current levels.
Nuvation Bio Inc (NUVB) estimates and forecasts
Figures show that Nuvation Bio Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -23.57% over the past 6 months, with this year growth rate of -522.86%, compared to 17.40% for the industry.
NUVB Dividends
Nuvation Bio Inc is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Nuvation Bio Inc (NYSE:NUVB)’s Major holders
Insiders own 27.01% of the company shares, while shares held by institutions stand at 44.64% with a share float percentage of 61.15%. Investors are also buoyed by the number of investors in a company, with Nuvation Bio Inc having a total of 195.0 institutions that hold shares in the company. The top two institutional holders are FMR LLC with over 28.82 million shares worth more than $84.16 million. As of 2024-06-30, FMR LLC held 13.1578% of shares outstanding.
The other major institutional holder is ECOR1 CAPITAL, LLC, with the holding of over 19.21 million shares as of 2024-06-30. The firm’s total holdings are worth over $56.09 million and represent 8.7696% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Growth Company Fund and Vanguard Total Stock Market Index Fund . As of Aug 31, 2024 , the former fund manager holds about 3.67% shares in the company for having 9.11 shares of worth $20.68 million while later fund manager owns 6.13 shares of worth $13.91 million as of Jun 30, 2024 , which makes it owner of about 2.47% of company’s outstanding stock.
