345 institutions hold shares in Iovance Biotherapeutics Inc. (IOVA), with 1.13M shares held by insiders accounting for 0.77% while institutional investors hold 99.99% of the company’s shares. The shares outstanding are 146.49M, and float is at 135.58M with Short Float at 10.36%. Institutions hold 99.22% of the Float.
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The top institutional shareholder in the company is ARK Investment Management, LLC with over 15.3 million shares valued at $709.82 million. The investor’s holdings represent 10.43% of the IOVA Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 11.87 million shares valued at $550.55 million to account for 8.09% of the shares outstanding. The other top investors are Perceptive Advisors Llc which holds 9.17 million shares representing 6.25% and valued at over $425.32 million, while Blackrock Inc. holds 6.14% of the shares totaling 9.0 million with a market value of $417.72 million.
Iovance Biotherapeutics Inc. (NASDAQ: IOVA) is -12.50% lower on its value in year-to-date trading and has touched a low of $18.70 and a high of $54.21 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IOVA stock was last observed hovering at around $43.00 in the last trading session, with the day’s loss setting it -2.4% off its average median price target of $53.00 for the next 12 months. It is also 32.33% off the consensus price target high of $60.00 offered by 12 analysts, but current levels are -16.0% lower than the price target low of $35.00 for the same period.
Currently trading at $40.60, the stock is -13.25% and -15.21% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.24 million and changing -5.58% at the moment leaves the stock 10.20% off its SMA200. IOVA registered 64.44% gain for a year compared to 6-month gain of 38.95%. The firm has a 50-day simple moving average (SMA 50) of $47.78 and a 200-day simple moving average (SMA200) of $39.46.
The stock witnessed a -14.62% loss in the last 1 month and extending the period to 3 months gives it a 10.96%, and is -14.16% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.89% over the week and 5.86% over the month.
Distance from 52-week low is 117.11% and -25.10% from its 52-week high.
Iovance Biotherapeutics Inc. (IOVA) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Iovance Biotherapeutics Inc. (IOVA) is a “Buy”. 12 analysts offering their recommendations for the stock have an average rating of 1.80, where 2 rate it as a Hold and 1 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Iovance Biotherapeutics Inc. quarterly earnings per share for the current quarter are estimated at -$0.44.The EPS is expected to shrink by -25.10% this year.
Iovance Biotherapeutics Inc. (IOVA): Who are the competitors?
The company’s main competitors (and peers) include Expeditors International of Washington Inc. (EXPD) that is trading 25.61% up over the past 12 months. Forward Air Corporation (FWRD) is 32.95% up on the 1-year trading charts. Short interest in the company’s stock has fallen -10.53% from the last report on Dec 30, 2020 to stand at a total of 15.53 million short shares sold with a short interest ratio of 11.36.