Iovance Biotherapeutics Inc (NASDAQ:IOVA)’s traded shares stood at 1.06 million during the latest session, with the company’s beta value hitting 0.61. At the last check today, the stock’s price was $10.34, to imply an increase of 5.27% or $0.52 in intraday trading. The IOVA share’s 52-week high remains $18.33, putting it -77.27% down since that peak but still an impressive 66.44% since price per share fell to its 52-week low of $3.47. The company has a valuation of $3.14B, with an average of 4.68 million shares in intraday trading volume over the past 10 days and average of 5.99 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Iovance Biotherapeutics Inc (IOVA), translating to a mean rating of 1.46. Of 8 analyst(s) looking at the stock, 0 analyst(s) give IOVA a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 6 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.3.
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Iovance Biotherapeutics Inc (NASDAQ:IOVA) trade information
After registering a 5.27% upside in the latest session, Iovance Biotherapeutics Inc (IOVA) has traded red over the past five days. The 5-day price performance for the stock is 1.65%, and 12.12% over 30 days. With these gigs, the year-to-date price performance is 27.15%. Short interest in Iovance Biotherapeutics Inc (NASDAQ:IOVA) saw shorts transact 59.95 million shares and set a 11.02 days time to cover.
The extremes give us $6 and $40 for target low and target high price respectively. As such, IOVA has been trading -286.85% off suggested target high and 41.97% from its likely low.
Iovance Biotherapeutics Inc (IOVA) estimates and forecasts
Looking at statistics comparing Iovance Biotherapeutics Inc share performance against respective industry, we note that the company has outperformed competitors. Iovance Biotherapeutics Inc (IOVA) shares are -10.42% down over the last 6 months, with its year-to-date growth rate higher than industry average at 32.80% against 17.50%. Revenue is forecast to grow 34.80% this quarter before jumping 40.00% for the next one. The rating firms project that company’s revenue will grow 13,577.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 12 analysts is 53.9M. Meanwhile, for the current quarter, a total of 12 analyst(s) estimate revenue growth to 77.21M.Earnings reports from the last fiscal year show that sales brought in 469k and 482k respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 11,392.50% before jumping 15,918.70% in the following quarter.
IOVA Dividends
Iovance Biotherapeutics Inc has its next earnings report out on 2024-Oct-30. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Iovance Biotherapeutics Inc (NASDAQ:IOVA)’s Major holders
Iovance Biotherapeutics Inc insiders hold 0.53% of total outstanding shares, with institutional holders owning 87.40% of the shares at 87.87% float percentage. In total, 87.40% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 25.95 million shares (or 9.7478% of shares), all amounting to roughly $208.12 million.
The next major institution holding the largest number of shares is PERCEPTIVE ADVISORS LLC with 25.93 million shares, or about 9.7412% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $207.98 million.
We also have Vanguard Total Stock Market Index Fund and SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF as the top two Mutual Funds with the largest holdings of the Iovance Biotherapeutics Inc (IOVA) shares. Going by data provided on Jun 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 7.89 shares. This is just over 2.82% of the total shares, with a market valuation of $81.97 million. Data from the same date shows that the other fund manager holds a little less at 7.35, or 2.63% of the shares, all valued at about 76.41 million.
