Iovance Biotherapeutics Inc [NASDAQ: IOVA] closed the trading session at $9.27.
The stocks have a year to date performance of 14.02 percent and weekly performance of 9.96 percent. The stock has been moved at -4.43 percent over the last six months. The stock has performed -13.12 percent around the most recent 30 days and changed -18.68 percent over the most recent 3-months.
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If compared to the average trading volume of 6.28M shares, IOVA reached to a volume of 9956339 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $23.77 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 1.40. 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.
UBS have made an estimate for Iovance Biotherapeutics Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 24, 2024. While these analysts kept the previous recommendation, Piper Sandler dropped their target price from $19 to $10. The new note on the price target was released on July 29, 2024, representing the official price target for Iovance Biotherapeutics Inc stock. Previously, the target price had yet another raise to $12, while Goldman analysts kept a Buy rating on IOVA stock. On September 18, 2023, analysts decreased their price target for IOVA shares from 40 to 18.
The Average True Range (ATR) for Iovance Biotherapeutics Inc is set at 0.70, with the Price to Sales ratio for IOVA stock in the period of the last 12 months amounting to 32.27. The Price to Book ratio for the last quarter was 3.65, with the Price to Cash per share for the same quarter was set at 1.26.
IOVA stock trade performance evaluation
Iovance Biotherapeutics Inc [IOVA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.96. With this latest performance, IOVA shares dropped by -13.12% in over the last four-week period, additionally sinking by -4.43% over the last 6 months – not to mention a rise of 60.10% 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 46.89, with the RSI for the last a single of trading hit 49.42, and the three-weeks RSI is set at 46.82 for Iovance Biotherapeutics Inc [IOVA]. The present Moving Average for the last 50 days of trading for this stock 9.90, while it was recorded at 8.48 for the last single week of trading, and 10.78 for the last 200 days.
Iovance Biotherapeutics Inc [IOVA]: An insightful look at the core fundamentals
Iovance Biotherapeutics Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.90 and a Current Ratio set at 4.22.
Earnings per share (EPS) analysis for Iovance Biotherapeutics Inc [IOVA] stock
With the latest financial reports released by the company, Iovance Biotherapeutics Inc posted -0.45/share EPS, while the average EPS was predicted by analysts to be reported at -0.43/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.02. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for IOVA.
Iovance Biotherapeutics Inc [IOVA]: Institutional Ownership
There are presently around $87.94%, or 88.40%% of IOVA stock, in the hands of institutional investors. The top three institutional holders of IOVA stocks are: VANGUARD GROUP INC with ownership of 25.95 million shares, which is approximately 9.7478%. PERCEPTIVE ADVISORS LLC, holding 25.93 million shares of the stock with an approximate value of $$207.98 million in IOVA stocks shares; and PERCEPTIVE ADVISORS LLC, currently with $$192.46 million in IOVA stock with ownership which is approximately 9.014%.
