During the last session, Nuvation Bio Inc (NYSE:NUVB)’s traded shares were 3.22 million, with the beta value of the company hitting 1.36. At the end of the trading day, the stock’s price was $2.34, reflecting an intraday loss of -0.85% or -$0.02. The 52-week high for the NUVB share is $4.16, that puts it down -77.78 from that peak though still a striking 59.4% gain since the share price plummeted to a 52-week low of $0.95. The company’s market capitalization is $783.38M, and the average intraday trading volume over the past 10 days was 1.37 million shares, and the average trade volume was 1.49 million shares over the past three months.
Nuvation Bio Inc (NUVB) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. NUVB has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.13.
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Nuvation Bio Inc (NYSE:NUVB) trade information
Nuvation Bio Inc (NUVB) registered a -0.85% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.85% in intraday trading to $2.34, hitting a weekly high. The stock’s 5-day price performance is 0.43%, and it has moved by 1.74% in 30 days. Based on these gigs, the overall price performance for the year is 134.00%. The short interest in Nuvation Bio Inc (NYSE:NUVB) is 9.97 million shares and it means that shorts have 5.79 day(s) to cover.
The consensus price target of analysts on Wall Street is $6, which implies an increase of 61.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5 and $10 respectively. As a result, NUVB is trading at a discount of -327.35% off the target high and -113.68% off the low.
Nuvation Bio Inc (NUVB) estimates and forecasts
Statistics show that Nuvation Bio Inc has underperformed its competitors in share price, compared to the industry in which it operates. Nuvation Bio Inc (NUVB) shares have gone down -26.88% during the last six months, with a year-to-date growth rate less than the industry average at -502.86% against 17.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -44.40% this quarter and then drop -116.70% in the quarter after that.
While earnings are projected to return -501.14% in 2024.
NUVB Dividends
Nuvation Bio Inc is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Nuvation Bio Inc (NYSE:NUVB)’s Major holders
Nuvation Bio Inc insiders own 27.01% of total outstanding shares while institutional holders control 43.99%, with the float percentage being 60.27%. FMR LLC is the largest shareholder of the company, while 194.0 institutions own stock in it. As of 2024-06-30, the company held over 28.82 million shares (or 13.1578% of all shares), a total value of $84.16 million in shares.
The next largest institutional holding, with 19.21 million shares, is of ECOR1 CAPITAL, LLC’s that is approximately 8.7696% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $56.09 million.
