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The closing price of Iovance Biotherapeutics Inc (NASDAQ: IOVA) was $9.66 for the day, down -4.83% from the previous closing price of $10.15. In other words, the price has decreased by -$4.83 from its previous closing price. On the day, 4.04 million shares were traded. IOVA stock price reached its highest trading level at $10.21 during the session, while it also had its lowest trading level at $9.64.
Ratios:
Our analysis of IOVA’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 4.85 and its Current Ratio is at 5.15. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.09.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Piper Sandler on July 29, 2024, Downgraded its rating to Neutral and sets its target price to $10 from $19 previously.
On November 20, 2023, Goldman started tracking the stock assigning a Buy rating and target price of $12.
Barclays reiterated its Overweight rating for the stock on September 18, 2023, while the target price for the stock was revised from $40 to $18.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 20 ’24 when MCPEAK MERRILL A bought 250,000 shares for $9.15 per share. The transaction valued at 2,287,500 led to the insider holds 320,150 shares of the business.
Dukes Iain D. bought 32,000 shares of IOVA for $292,800 on Feb 20 ’24. The Director now owns 54,000 shares after completing the transaction at $9.15 per share. On Feb 20 ’24, another insider, Rothbaum Wayne P., who serves as the Director of the company, bought 5,000,000 shares for $9.15 each. As a result, the insider paid 45,750,000 and bolstered with 28,067,333 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IOVA now has a Market Capitalization of 2931944960 and an Enterprise Value of 2601086976. For the stock, the TTM Price-to-Sale (P/S) ratio is 89.47 while its Price-to-Book (P/B) ratio in mrq is 3.74. Its current Enterprise Value per Revenue stands at 79.369 whereas that against EBITDA is -5.922.
Stock Price History:
Over the past 52 weeks, IOVA has reached a high of $18.33, while it has fallen to a 52-week low of $3.21. The 50-Day Moving Average of the stock is -1.10%, while the 200-Day Moving Average is calculated to be -6.58%.
Shares Statistics:
IOVA traded an average of 6.96M shares per day over the past three months and 6238160 shares per day over the past ten days. A total of 256.14M shares are outstanding, with a floating share count of 247.13M. Insiders hold about 18.58% of the company’s shares, while institutions hold 68.13% stake in the company. Shares short for IOVA as of 1724976000 were 57686674 with a Short Ratio of 8.29, compared to 1722384000 on 61318556. Therefore, it implies a Short% of Shares Outstanding of 57686674 and a Short% of Float of 21.020001.
