Stocks of Iovance Biotherapeutics Inc (NASDAQ:IOVA) traded higher last session on Wall Street, up 1.74% to $14.01.
IOVA stock price is now 11.85% away from the 50-day moving average and 79.05% away from the 200-day moving average. The market capitalization of the company currently stands at $3.91B.
With the price target of $12, Goldman recently initiated with Buy rating for Iovance Biotherapeutics Inc (NASDAQ: IOVA). On September 18, 2023, Barclays reiterated its ‘Overweight’ rating on the stock by increasing its target price from $40 to quote $18, while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, Rothbaum Wayne P., Director bought 5,000,000 shares of the company’s stock on Feb 20 ’24. The stock was bought for $45,750,000 at an average price of $9.15. Upon completion of the transaction, the Director now directly owns 28,067,333 shares in the company, valued at $393.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 20 ’24, Director MCPEAK MERRILL A bought 250,000 shares of the business’s stock. A total of $2,287,500 was incurred on buying the stock at an average price of $9.15. This leaves the insider owning 320,150 shares of the company worth $4.49 million. A total of 21.24% of the company’s stock is owned by insiders.
During the past 12 months, Iovance Biotherapeutics Inc has had a low of $3.21 and a high of $18.33. As of last week, the company has a debt-to-equity ratio of 0.13, a current ratio of 2.79, and a quick ratio of 2.70. The fifty day moving average price for IOVA is $12.81 and a two-hundred day moving average price translates $7.88 for the stock.
The latest earnings results from Iovance Biotherapeutics Inc (NASDAQ: IOVA) was released for Dec, 2023. According to the Biotechnology Company, earnings per share came in at -$0.45, missing analysts’ expectations of -$0.43 by -0.02. This compares to -$0.64 EPS in the same period last year. The net profit margin was -37345.42% and return on equity was -81.91% for IOVA. For the current quarter, analysts expect IOVA to generate $2.07M in revenue.
