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The price of Nuvation Bio Inc (NYSE: NUVB) closed at $2.93 in the last session, down -2.66% from day before closing price of $3.01. In other words, the price has decreased by -$2.66 from its previous closing price. On the day, 2.94 million shares were traded. NUVB stock price reached its highest trading level at $3.035 during the session, while it also had its lowest trading level at $2.89.
Ratios:
We take a closer look at NUVB’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 9.57 and its Current Ratio is at 9.57. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.00.
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, Jefferies on March 27, 2024, Upgraded its rating to Buy and sets its target price to $10 from $1.40 previously.
On March 26, 2024, BTIG Research Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $5.
Jefferies Downgraded its Buy to Hold on January 06, 2023, whereas the target price for the stock was revised from $5 to $2.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Oct 08 ’24 when Mashal Robert bought 100,000 shares for $2.20 per share. The transaction valued at 220,000 led to the insider holds 100,000 shares of the business.
Cui Xiangmin bought 277,895 shares of NUVB for $825,348 on Jun 25 ’24. The Director now owns 2,453,131 shares after completing the transaction at $2.97 per share. On Jun 24 ’24, another insider, Cui Xiangmin, who serves as the Director of the company, bought 336,874 shares for $2.98 each. As a result, the insider paid 1,003,885 and bolstered with 2,175,236 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, NUVB now has a Market Capitalization of 986141376 and an Enterprise Value of 448196928. For the stock, the TTM Price-to-Sale (P/S) ratio is 457.90 while its Price-to-Book (P/B) ratio in mrq is 1.96. Its current Enterprise Value per Revenue stands at 207.307 whereas that against EBITDA is -3.347.
Stock Price History:
Over the past 52 weeks, NUVB has reached a high of $4.16, while it has fallen to a 52-week low of $1.21. The 50-Day Moving Average of the stock is 14.87%, while the 200-Day Moving Average is calculated to be 6.80%.
Shares Statistics:
According to the various share statistics, NUVB traded on average about 1.63M shares per day over the past 3-months and 2406830 shares per day over the past 10 days. A total of 337.57M shares are outstanding, with a floating share count of 229.11M. Insiders hold about 32.13% of the company’s shares, while institutions hold 39.15% stake in the company. Shares short for NUVB as of 1728950400 were 9970011 with a Short Ratio of 6.96, compared to 1726185600 on 20234271. Therefore, it implies a Short% of Shares Outstanding of 9970011 and a Short% of Float of 4.19.
