In the last trading session, 2.94 million Nuvation Bio Inc (NYSE:NUVB) shares changed hands as the company’s beta touched 1.47. With the company’s per share price at $2.93 changed hands at -$0.08 or -2.66% during last session, the market valuation stood at $989.07M. NUVB’s last price was a discount, traded about -41.98% off its 52-week high of $4.16. The share price had its 52-week low at $1.21, which suggests the last value was 58.7% up since then. When we look at Nuvation Bio Inc’s average trading volume, we note the 10-day average is 2.41 million shares, with the 3-month average coming to 1.63 million.
Analysts gave the Nuvation Bio Inc (NUVB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended NUVB as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Nuvation Bio Inc’s EPS for the current quarter is expected to be -0.14.
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Nuvation Bio Inc (NYSE:NUVB) trade information
Instantly NUVB was in red as seen at the end of in last trading. With action 26.29%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 94.04%, with the 5-day performance at 26.29% in the green. However, in the 30-day time frame, Nuvation Bio Inc (NYSE:NUVB) is 27.39% up. Looking at the short shares, we see there were 9.97 million shares sold at short interest cover period of 5.79 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6, meaning bulls need an upside of 51.17% from its current market value. According to analyst projections, NUVB’s forecast low is 5 with 10 as the target high. To hit the forecast high, the stock’s price needs a -241.3% plunge from its current level, while the stock would need to soar -70.65% for it to hit the projected low.
Nuvation Bio Inc (NUVB) estimates and forecasts
Data shows that the Nuvation Bio Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -11.21% over the past 6 months, a -525.71% in annual growth rate that is considerably lower than the industry average of 17.10%.
The 2024 estimates are for Nuvation Bio Inc earnings to decrease by -517.71%.
NUVB Dividends
Nuvation Bio Inc is expected to release its next quarterly earnings report in December.
Nuvation Bio Inc (NYSE:NUVB)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 26.86% of Nuvation Bio Inc shares while 44.10% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 60.30%. There are 44.10% institutions holding the Nuvation Bio Inc stock share, with FMR LLC the top institutional holder. As of 2024-06-30, the company held 13.1578% of the shares, roughly 28.82 million NUVB shares worth $84.16 million.
ECOR1 CAPITAL, LLC holds the second largest percentage of outstanding shares, with 8.7696% or 19.21 million shares worth $56.09 million as of 2024-06-30.
