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Are we looking at the next big move in Nuvation Bio Inc (NUVB)?

Nuvation Bio Inc (NYSE: NUVB) is 144.37% higher on its value in year-to-date trading and has touched a low of $0.95 and a high of $4.16 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NUVB stock was last observed hovering at around $3.64 in the last trading session, with the day’s gains setting it 0.05%.

Currently trading at $3.69, the stock is 50.86% and 84.19% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.37 million and changing 1.37% at the moment leaves the stock 126.34% off its SMA200. NUVB registered 122.29% gain for a year compared to 6-month gain of 165.47%. The firm has a 200-day simple moving average (SMA200) of -$2.02.

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The stock witnessed a 97.33% loss in the last 1 month and extending the period to 3 months gives it a 141.18%, and is 59.74% up 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 27.00% over the week and 13.99% over the month.

Nuvation Bio Inc (NUVB) has around 51 employees, a market worth around $808.29M and $0.00M in sales. Distance from 52-week low is 288.42% and -11.29% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.48%).

Nuvation Bio Inc quarterly earnings per share for the current quarter are estimated at -$0.1.The EPS is expected to shrink by -3.33% this year.

Nuvation Bio Inc (NUVB) Top Institutional Holders

151 institutions hold shares in Nuvation Bio Inc (NUVB), with institutional investors hold 84.94% of the company’s shares. The shares outstanding are 218.05M, and float is at 143.13M with Short Float at 1.97%. Institutions hold 62.01% of the Float.

The top institutional shareholder in the company is FMR, LLC with over 32.67 million shares valued at $58.81 million. The investor’s holdings represent 14.92% of the NUVB Shares outstanding. As of Jun 29, 2023, the second largest holder is Omega Fund Management, Llc with 15.07 million shares valued at $27.13 million to account for 6.88% of the shares outstanding. The other top investors are EcoR1 Capital, LLC which holds 13.9 million shares representing 6.35% and valued at over $25.01 million, while Blackrock Inc. holds 6.13% of the shares totaling 13.43 million with a market value of $24.17 million.

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