Ratios Revealed: Decoding Iovance Biotherapeutics Inc (IOVA)’s Financial Health

Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.

The closing price of Iovance Biotherapeutics Inc (NASDAQ: IOVA) was $10.88 for the day, down -0.78% from the previous closing price of $10.97. In other words, the price has decreased by -$0.78 from its previous closing price. On the day, 9.96 million shares were traded. IOVA stock price reached its highest trading level at $11.465 during the session, while it also had its lowest trading level at $10.425.

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 4.42 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:

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 ’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 3044582912 and an Enterprise Value of 2772756992. For the stock, the TTM Price-to-Sale (P/S) ratio is 1602.39 while its Price-to-Book (P/B) ratio in mrq is 4.48. Its current Enterprise Value per Revenue stands at 1456.28 whereas that against EBITDA is -6.148.

Stock Price History:

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 -20.22%, while the 200-Day Moving Average is calculated to be 27.95%.

Shares Statistics:

IOVA traded an average of 9.01M shares per day over the past three months and 6563720 shares per day over the past ten days. A total of 256.14M shares are outstanding, with a floating share count of 221.12M. Insiders hold about 20.98% of the company’s shares, while institutions hold 67.06% stake in the company. Shares short for IOVA as of 1714435200 were 50055411 with a Short Ratio of 5.56, compared to 1711584000 on 46378639. Therefore, it implies a Short% of Shares Outstanding of 50055411 and a Short% of Float of 19.96.

Most Popular

[the_ad id="945"]