Wall Street Analyst Upgrade Iovance Biotherapeutics Inc. [IOVA]. What else is Wall St. saying


Iovance Biotherapeutics Inc. [NASDAQ: IOVA] gained 3.89% on the last trading session, reaching $16.56 price per share at the time. The company report on March 16, 2022 that Iovance Biotherapeutics to Present at Upcoming Conferences.

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Iovance Biotherapeutics, Inc. (NASDAQ: IOVA), a late-stage biotechnology company developing novel T cell-based cancer immunotherapies, today announced that senior leadership plans to present at the following conferences in March:.

Oppenheimer Healthcare ConferenceFireside Chat: March 16 at 12:40 p.m. ET.

Iovance Biotherapeutics Inc. represents 156.96 million in outstanding shares, while the company has a total market value of $2.37 billion with the latest information. IOVA stock price has been found in the range of $15.60 to $18.34.

If compared to the average trading volume of 1.98M shares, IOVA reached a trading volume of 7694368 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Iovance Biotherapeutics Inc. [IOVA]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IOVA shares is $34.92 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IOVA stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Stifel have made an estimate for Iovance Biotherapeutics Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 28, 2022. While these analysts kept the previous recommendation, Cowen raised their target price to Outperform. The new note on the price target was released on December 07, 2021, representing the official price target for Iovance Biotherapeutics Inc. stock. Previously, the target price had yet another raise to $32, while JMP Securities analysts kept a Mkt Outperform rating on IOVA stock. On May 20, 2021, analysts decreased their price target for IOVA shares from 35 to 18.

The Average True Range (ATR) for Iovance Biotherapeutics Inc. is set at 1.24 The Price to Book ratio for the last quarter was 4.18, with the Price to Cash per share for the same quarter was set at 3.52.

Trading performance analysis for IOVA stock

Iovance Biotherapeutics Inc. [IOVA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 23.67. With this latest performance, IOVA shares gained by 6.77% in over the last four-week period, additionally sinking by -33.65% over the last 6 months – not to mention a drop of -44.19% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IOVA stock in for the last two-week period is set at 59.09, with the RSI for the last a single of trading hit 64.67, and the three-weeks RSI is set at 55.35 for Iovance Biotherapeutics Inc. [IOVA]. The present Moving Average for the last 50 days of trading for this stock 15.11, while it was recorded at 15.65 for the last single week of trading, and 20.84 for the last 200 days.

Iovance Biotherapeutics Inc. [IOVA]: A deeper dive into fundamental analysis

Iovance Biotherapeutics Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.70 and a Current Ratio set at 5.70.

An analysis of insider ownership at Iovance Biotherapeutics Inc. [IOVA]

There are presently around $2,484 million, in the hands of institutional investors. The top three institutional holders of IOVA stocks are: VANGUARD GROUP INC with ownership of 12,197,787, which is approximately 2.253% of the company’s market cap and around 0.60% of the total institutional ownership; PERCEPTIVE ADVISORS LLC, holding 10,127,941 shares of the stock with an approximate value of $161.44 million in IOVA stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $152.77 million in IOVA stock with ownership of nearly 7.692% of the company’s market capitalization.

133 institutional holders increased their position in Iovance Biotherapeutics Inc. [NASDAQ:IOVA] by around 16,627,543 shares. Additionally, 121 investors decreased positions by around 19,129,195 shares, while 27 investors held positions by with 120,077,724 shares. The mentioned changes placed institutional holdings at 155,834,462 shares, according to the latest SEC report filing. IOVA stock had 39 new institutional investments in for a total of 4,656,442 shares, while 36 institutional investors sold positions of 2,339,855 shares during the same period.