In the last trading session, 15.59 million Iovance Biotherapeutics Inc (NASDAQ:IOVA) shares changed hands as the company’s beta touched 0.58. With the company’s per share price at $5.89 changed hands at $0.11 or 1.90% during last session, the market valuation stood at $1.80B. IOVA’s last price was a discount, traded about -211.21% off its 52-week high of $18.33. The share price had its 52-week low at $5.77, which suggests the last value was 2.04% up since then. When we look at Iovance Biotherapeutics Inc’s average trading volume, we note the 10-day average is 9.69 million shares, with the 3-month average coming to 7.26 million.
Analysts gave the Iovance Biotherapeutics Inc (IOVA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.40. If we narrow down to specifics, the data shows that 0 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended IOVA as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Iovance Biotherapeutics Inc’s EPS for the current quarter is expected to be -0.27.
Iovance Biotherapeutics Inc (NASDAQ:IOVA) trade information
Instantly IOVA was in green as seen at the end of in last trading. With action -21.26%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -20.41%, with the 5-day performance at -21.26% in the red. However, in the 30-day time frame, Iovance Biotherapeutics Inc (NASDAQ:IOVA) is -31.35% down. Looking at the short shares, we see there were 61.31 million shares sold at short interest cover period of 10.32 days.
The consensus price target for the stock as assigned by Wall Street analysts is 11.75, meaning bulls need an upside of 49.87% from its current market value. According to analyst projections, IOVA’s forecast low is 10 with 17 as the target high. To hit the forecast high, the stock’s price needs a -188.62% plunge from its current level, while the stock would need to soar -69.78% for it to hit the projected low.
Iovance Biotherapeutics Inc (IOVA) estimates and forecasts
Data shows that the Iovance Biotherapeutics Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -32.14% over the past 6 months, a 34.92% in annual growth rate that is considerably higher than the industry average of 16.70%. Year-over-year growth is forecast to reach 13,525.93% up from the last financial year.
Consensus estimates given by 13 financial analysts project the company’s revenue in the current quarter to hit an average of 71.57M. 8 analysts are of the opinion that Iovance Biotherapeutics Inc’s revenue for the current quarter will be 88.59M. The company’s revenue for the corresponding quarters a year ago was 482k and 715k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 14,748.60%. The estimates for the next quarter sales put growth at 12,289.93%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -8.25%. The 2025 estimates are for Iovance Biotherapeutics Inc earnings to increase by 33.27%.
IOVA Dividends
Iovance Biotherapeutics Inc is expected to release its next quarterly earnings report in February.
Iovance Biotherapeutics Inc (NASDAQ:IOVA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.58% of Iovance Biotherapeutics Inc shares while 88.33% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 88.85%. There are 88.33% institutions holding the Iovance Biotherapeutics Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.7478% of the shares, roughly 25.95 million IOVA shares worth $208.12 million.
PERCEPTIVE ADVISORS LLC holds the second largest percentage of outstanding shares, with 9.7412% or 25.93 million shares worth $207.98 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF . With 8.72 shares estimated at $51.35 million under it, the former controlled 2.86% of total outstanding shares. On the other hand, SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF held about 2.30% of the shares, roughly 7.02 shares worth around $41.35 million.
