The stock of Iovance Biotherapeutics Inc (NASDAQ:IOVA) last traded at $10.34, up 9.30% from the previous session.
IOVA stock price is now 9.34% away from the 50-day moving average and 1.24% away from the 200-day moving average. The market capitalization of the company currently stands at $3.14B.
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With the price target reduced from $19 to $10, Piper Sandler Downgraded its rating from Overweight to Neutral for Iovance Biotherapeutics Inc (NASDAQ: IOVA). On November 20, 2023, Goldman recently initiated its ‘Buy’ rating on the stock quoting a target price of $12, while ‘Barclays’ rates the stock as ‘Overweight’
In other news, MCPEAK MERRILL A, Director bought 250,000 shares of the company’s stock on Feb 20 ’24. The stock was bought for $2,287,500 at an average price of $9.15. Upon completion of the transaction, the Director now directly owns 320,150 shares in the company, valued at $3.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 20 ’24, Director Dukes Iain D. bought 32,000 shares of the business’s stock. A total of $292,800 was incurred on buying the stock at an average price of $9.15. This leaves the insider owning 54,000 shares of the company worth $0.56 million. A total of 18.58% 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 0.11, a current ratio of 5.15, and a quick ratio of 4.85. The fifty day moving average price for IOVA is $9.5162 and a two-hundred day moving average price translates $10.2375 for the stock.
The latest earnings results from Iovance Biotherapeutics Inc (NASDAQ: IOVA) was released for 2024-06-30. The net profit margin was -1343.27% and return on equity was -65.36% for IOVA. The company reported revenue of $31.11 million for the quarter, compared to $0.24 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12969.75 percent.
