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In the latest session, Iovance Biotherapeutics Inc (NASDAQ: IOVA) closed at $7.73 down -4.09% from its previous closing price of $8.06. In other words, the price has decreased by -$4.09 from its previous closing price. On the day, 4.84 million shares were traded. IOVA stock price reached its highest trading level at $8.08 during the session, while it also had its lowest trading level at $7.69.
Ratios:
For a deeper understanding of Iovance Biotherapeutics Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.42 and its Current Ratio is at 4.63. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.11.
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 this company, Goldman on November 20, 2023, initiated with a Buy rating and assigned the stock a target price of $12.
On September 18, 2023, Barclays reiterated its Overweight rating and also upped its target price recommendation from $40 to $18.
Wells Fargo Upgraded its Equal Weight to Overweight on May 30, 2023, whereas the target price for the stock was revised from $11 to $17.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 20 ’24 when Rothbaum Wayne P. bought 5,000,000 shares for $9.15 per share. The transaction valued at 45,750,000 led to the insider holds 28,067,333 shares of the business.
MCPEAK MERRILL A bought 250,000 shares of IOVA for $2,287,500 on Feb 20 ’24. The Director now owns 320,150 shares after completing the transaction at $9.15 per share. On Feb 20 ’24, another insider, Dukes Iain D., who serves as the Director of the company, bought 32,000 shares for $9.15 each. As a result, the insider paid 292,800 and bolstered with 54,000 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 2255451648 and an Enterprise Value of 1891283968. For the stock, the TTM Price-to-Sale (P/S) ratio is 1138.47 while its Price-to-Book (P/B) ratio in mrq is 3.18. Its current Enterprise Value per Revenue stands at 993.321 whereas that against EBITDA is -4.193.
Stock Price History:
The Beta on a monthly basis for IOVA is 0.63, which has changed by 0.09490085 over the last 52 weeks, in comparison to a change of 0.23886502 over the same period for the S&P500. 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 -23.06%, while the 200-Day Moving Average is calculated to be -13.24%.
Shares Statistics:
For the past three months, IOVA has traded an average of 6.19M shares per day and 8176380 over the past ten days. A total of 256.14M shares are outstanding, with a floating share count of 223.70M. Insiders hold about 20.06% of the company’s shares, while institutions hold 68.58% stake in the company. Shares short for IOVA as of 1718323200 were 54631791 with a Short Ratio of 8.83, compared to 1715731200 on 51214599. Therefore, it implies a Short% of Shares Outstanding of 54631791 and a Short% of Float of 21.78.
