Market Highlights: Nuvation Bio Inc (NUVB) Ends on a High Note at 3.03

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The price of Nuvation Bio Inc (NYSE: NUVB) closed at $3.03 in the last session, up 4.48% from day before closing price of $2.90. In other words, the price has increased by $4.48 from its previous closing price. On the day, 1.42 million shares were traded. NUVB stock price reached its highest trading level at $3.055 during the session, while it also had its lowest trading level at $2.9.


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 38.58 and its Current Ratio is at 38.58. In the meantime, Its Debt-to-Equity ratio is 0.01 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 Jun 11 ’24 when BLICKENSTAFF KIM D bought 172,189 shares for $2.90 per share. The transaction valued at 500,089 led to the insider holds 172,189 shares of the business.

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 748928128 and an Enterprise Value of 155483056.

Stock Price History:

The Beta on a monthly basis for NUVB is 1.39, which has changed by 0.7215909 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, NUVB has reached a high of $4.16, while it has fallen to a 52-week low of $0.95. The 50-Day Moving Average of the stock is 0.74%, while the 200-Day Moving Average is calculated to be 52.21%.

Shares Statistics:

According to the various share statistics, NUVB traded on average about 1.70M shares per day over the past 3-months and 1312130 shares per day over the past 10 days. A total of 218.05M shares are outstanding, with a floating share count of 163.99M. Insiders hold about 33.92% of the company’s shares, while institutions hold 48.16% stake in the company. Shares short for NUVB as of 1715731200 were 3314464 with a Short Ratio of 3.61, compared to 1713139200 on 3192248. Therefore, it implies a Short% of Shares Outstanding of 3314464 and a Short% of Float of 2.17.

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