In the last trading session, 8.73 million shares of the Iovance Biotherapeutics Inc (NASDAQ:IOVA) were traded, and its beta was 0.61. Most recently the company’s share price was $10.67, and it changed around $0.11 or 1.04% from the last close, which brings the market valuation of the company to $3.24B. IOVA currently trades at a discount to its 52-week high of $18.33, offering almost -71.79% off that amount. The share price’s 52-week low was $3.47, which indicates that the current value has risen by an impressive 67.48% since then. We note from Iovance Biotherapeutics Inc’s average daily trading volume that its 10-day average is 5.28 million shares, with the 3-month average coming to 5.96 million.
Iovance Biotherapeutics Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.46. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 0 recommended IOVA as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight.
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Iovance Biotherapeutics Inc (NASDAQ:IOVA) trade information
Instantly IOVA has showed a green trend with a performance of 1.04% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 11.14 on recent trading dayincreased the stock’s daily price by 4.22%. The company’s shares are currently up 31.24% year-to-date, but still up 4.20% over the last five days. On the other hand, Iovance Biotherapeutics Inc (NASDAQ:IOVA) is 15.35% up in the 30-day period. We can see from the shorts that 60.34 million shares have been sold at a short interest cover period of 14.23 day(s).
The consensus price target as assigned by Wall Street analysts is $23, which translates to bulls needing to increase their stock price by 53.61% from its current value. Analyst projections state that IOVA is forecast to be at a low of $6 and a high of $40.
Iovance Biotherapeutics Inc (IOVA) estimates and forecasts
Iovance Biotherapeutics Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -8.33 percent over the past six months and at a 32.80% annual growth rate that is well above the industry average of 17.50%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -8.25%.
IOVA Dividends
Iovance Biotherapeutics Inc’s next quarterly earnings report is expected to be released in November.
Iovance Biotherapeutics Inc (NASDAQ:IOVA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.53% of Iovance Biotherapeutics Inc shares, and 87.41% of them are in the hands of institutional investors. The stock currently has a share float of 87.87%. Iovance Biotherapeutics Inc stock is held by 394.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.7478% of the shares, which is about 25.95 million shares worth $208.12 million.
PERCEPTIVE ADVISORS LLC, with 9.7412% or 25.93 million shares worth $207.98 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
