What Are The Chances Of Iovance Biotherapeutics Inc (NASDAQ: IOVA) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NASDAQ listed company, IOVA falls under the Healthcare sector while operating within the Biotechnology industry segment. The current market capitalization of Iovance Biotherapeutics Inc is $3.19B. A total of 5.07 million shares were traded on the day, compared to an average of 7.29M shares.

In the most recent transaction, MCPEAK MERRILL A bought 250,000 shares of IOVA for 9.15 per share on Feb 20 ’24. After the transaction, the Director now owns 320,150 company shares. In a previous transaction on Feb 20 ’24, Dukes Iain D. bought 32,000 shares at 9.15 per share. IOVA shares that Director owns now total 54,000.

Among the insiders who bought shares, Rothbaum Wayne P. acquired of 5,000,000 shares on Feb 20 ’24 at a per-share price of $9.15. This resulted in the Director holding 28,067,333 shares of IOVA after the transaction. In another insider transaction, MCPEAK MERRILL A bought 10,000 shares at $5.56 per share on Sep 18 ’23. Company shares held by the Director now total 248,633.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, IOVA has a high of $18.33 and a low of $3.21.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. IOVA’s latest balance sheet shows that the firm has $504.41M in Cash & Short Term Investments as of fiscal 2021. There were $71.53M in debt and $89.20M in liabilities at the time. Its Book Value Per Share was $2.58, while its Total Shareholder’s Equity was $621.66M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IOVA is Buy with a score of 4.71.

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