The closing price of Iovance Biotherapeutics Inc (NASDAQ: IOVA) was $17.43 for the day, down -0.23% from the previous closing price of $17.47. In other words, the price has decreased by -$0.04 from its previous closing price. On the day, 11601981 shares were traded.
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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 4.11 and its Current Ratio is at 4.21. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.10.
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:
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 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. The Director now owns 320,150 shares after completing the transaction at $9.15 per share. On Feb 20, 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 4.86B and an Enterprise Value of 4.58B. For the stock, the TTM Price-to-Sale (P/S) ratio is 6847.54 while its Price-to-Book (P/B) ratio in mrq is 6.62. Its current Enterprise Value per Revenue stands at 6.48k whereas that against EBITDA is -10.98.
Stock Price History:
Over the past 52 weeks, IOVA has reached a high of $17.60, while it has fallen to a 52-week low of $3.21. The 50-Day Moving Average of the stock is 9.22, while the 200-Day Moving Average is calculated to be 6.98.
Shares Statistics:
IOVA traded an average of 10.10M shares per day over the past three months and 23.06M shares per day over the past ten days. A total of 278.93M shares are outstanding, with a floating share count of 214.41M. Insiders hold about 23.13% of the company’s shares, while institutions hold 64.93% stake in the company. Shares short for IOVA as of Feb 15, 2024 were 42.98M with a Short Ratio of 4.26, compared to 43.27M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 16.79% and a Short% of Float of 18.26%.
Earnings Estimates
The firm’s stock currently is rated by 13 analysts. On average, analysts expect EPS of -$0.43 for the current quarter, with a high estimate of -$0.34 and a low estimate of -$0.48, while EPS last year was -$0.64. The consensus estimate for the next quarter is -$0.41, with high estimates of -$0.31 and low estimates of -$0.45.
Analysts are recommending an EPS of between -$1.77 and -$1.93 for the fiscal current year, implying an average EPS of -$1.87. EPS for the following year is -$1.36, with 13 analysts recommending between -$0.91 and -$1.86.
Revenue Estimates
Based on 14 analysts’ estimates, the company’s revenue will be $151.86M in the next fiscal year. The high estimate is $425.9M and the low estimate is $33.2M. The average revenue growth estimate for next year is up 3,507.10% from the average revenue estimate for this year.
