Iovance Biotherapeutics Inc. (NASDAQ:IOVA) saw an upside of 2.90% to close Tuesday at $26.97 after adding $0.76 on the day. The 5-day average trading volume is 1,050,260 shares of the company’s common stock. It has gained $27.11 in the past week. An average of 1,332,610 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,411,244.
IOVA’s 1-month performance is 20.78% or $4.20 on its low of $21.45 reached on 09/14/21. The company’s shares have touched a 52-week low of $15.88 and high of $54.21, with the stock’s rally to the 52-week high happening on 01/15/21. YTD, IOVA has lost -41.88% or -$19.43. However, the current price is down -50.25%% from the 52-week high price.
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Iovance Biotherapeutics Inc. (IOVA) has a trailing price-to-earnings (P/E) ratio of 34.65 for the broader industry and 32.19 for the sector.IOVA stock has a beta of 0.76. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 5.57.
Iovance Biotherapeutics Inc.’s quick ratio for the period ended June 29 was 11.00, with the current ratio over the same period at 11.00 meaning that IOVA stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00.
For the quarterly period ending June 29 this year, Iovance Biotherapeutics Inc.’s cash and short-term investments amounted to $573.61 million against total debt of $52.27 million. Analysts expected IOVA to announce -$0.51 per share in earnings in its latest quarter, but it posted -$0.53, representing a -3.90% surprise. IOVA stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 108.38 million, with total debt at $52.27 million. Shareholders hold equity totaling $155.03 million
Let’s look briefly at Iovance Biotherapeutics Inc. (IOVA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 64.67% to suggest the stock is trending Neutral, with historical volatility in this time period at 38.58%.
The stock’s 5-day moving average is $26.46, reflecting a +3.21% or $0.84 change from its current price. IOVA is currently trading +24.06% above its 20-day SMA, +43.84% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +19.92% and -45.57% respectively.
Stochastic %K and %D was 83.64% and 82.95% and the average true range (ATR) pointed at 1.22. The RSI (14) points at 61.57%, while the 14-day stochastic is at 95.92% with the period’s ATR at 1.24. The stock’s 9-day MACD Oscillator is pointing at 0.37 and 0.84 on the 14-day charts.
In the most recent analyst report for Iovance Biotherapeutics Inc. (NASDAQ: IOVA), JMP Securities upgraded it to a Mkt outperform rating. They previously had a Mkt perform rating on the stock. Analysts offering their rating for IOVA stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate IOVA as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 9 have offered a “buy” rating.
What is IOVA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $18.00 and a high of $86.00, with their median price target at $38.00. Looking at these predictions, the average price target given by analysts is for Iovance Biotherapeutics Inc. (IOVA) stock is $40.31.