During the last session, Nuvation Bio Inc (NYSE:NUVB)’s traded shares were 8.62 million, with the beta value of the company hitting 1.37. At the end of the trading day, the stock’s price was $1.79, reflecting an intraday gain of 4.68% or $0.08. The 52-week high for the NUVB share is $3.97, that puts it down -121.79 from that peak though still a striking 13.97% gain since the share price plummeted to a 52-week low of $1.54. The company’s market capitalization is $609.07M, and the average intraday trading volume over the past 10 days was 9.62 million shares, and the average trade volume was 4.42 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 -0.14.
Nuvation Bio Inc (NYSE:NUVB) trade information
Nuvation Bio Inc (NUVB) registered a 4.68% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 4.68% in intraday trading to $1.79, hitting a weekly high. The stock’s 5-day price performance is -18.64%, and it has moved by -22.17% in 30 days. Based on these gigs, the overall price performance for the year is -40.73%. The short interest in Nuvation Bio Inc (NYSE:NUVB) is 42.33 million shares and it means that shorts have 10.4 day(s) to cover.
The consensus price target of analysts on Wall Street is $6, which implies an increase of 70.17% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6 and $6 respectively. As a result, NUVB is trading at a discount of -235.2% off the target high and -235.2% off the low.
Nuvation Bio Inc (NUVB) estimates and forecasts
In the rating firms’ projections, revenue will increase 94.88% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 416.67k as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 3.62M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.44M and 727k respectively. In this case, analysts expect current quarter sales to shrink by -70.96% and then jump by 398.39% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -49.14%. While earnings are projected to return 69.19% in 2025, the next five years will return 38.04% per annum.
NUVB Dividends
Nuvation Bio Inc is due to release its next quarterly earnings on 2025-May-07. 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 19.12% of total outstanding shares while institutional holders control 61.81%, with the float percentage being 76.42%. FMR LLC is the largest shareholder of the company, while 214.0 institutions own stock in it. As of 2024-06-30, the company held over 28.82 million shares (or 11.7767% 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 7.8491% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $56.09 million.
