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After finishing at $2.47 in the prior trading day, Nuvation Bio Inc (NYSE: NUVB) closed at $2.39, down -3.24%. In other words, the price has decreased by -$3.24 from its previous closing price. On the day, 1.71 million shares were traded. NUVB stock price reached its highest trading level at $2.485 during the session, while it also had its lowest trading level at $2.38.
Ratios:
Our goal is to gain a better understanding of NUVB by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 11.49 and its Current Ratio is at 11.49. In the meantime, Its Debt-to-Equity ratio is 1.13 whereas as Long-Term Debt/Eq ratio is at 1.07.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 25 ’24 when Cui Xiangmin bought 277,895 shares for $2.97 per share. The transaction valued at 825,348 led to the insider holds 2,453,131 shares of the business.
Cui Xiangmin bought 336,874 shares of NUVB for $1,003,885 on Jun 24 ’24. The Director now owns 2,175,236 shares after completing the transaction at $2.98 per share. On Jun 20 ’24, another insider, Cui Xiangmin, who serves as the Director of the company, bought 87,715 shares for $2.99 each. As a result, the insider paid 262,268 and bolstered with 1,762,951 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 800124224 and an Enterprise Value of 308146848. For the stock, the TTM Price-to-Sale (P/S) ratio is 555.64 while its Price-to-Book (P/B) ratio in mrq is 2.31. Its current Enterprise Value per Revenue stands at 214.736 whereas that against EBITDA is -0.573.
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 $0.95. The 50-Day Moving Average of the stock is -21.28%, while the 200-Day Moving Average is calculated to be -8.09%.
Shares Statistics:
The stock has traded on average 1.67M shares per day over the past 3-months and 1779270 shares per day over the last 10 days, according to various share statistics. A total of 218.05M shares are outstanding, with a floating share count of 190.35M. Insiders hold about 43.14% of the company’s shares, while institutions hold 39.17% stake in the company. Shares short for NUVB as of 1726185600 were 20234271 with a Short Ratio of 12.10, compared to 1723680000 on 16502693. Therefore, it implies a Short% of Shares Outstanding of 20234271 and a Short% of Float of 8.5.
