Nuvation Bio Inc (NYSE: NUVB) Is On The Rise

Nuvation Bio Inc (NYSE:NUVB) traded at $3.49 at last check on Wednesday, July 24, made an upward move of 6.55% on its previous day’s price.

Looking at the stock we see that its previous close was $3.28 . In terms of its 52-week price range, NUVB has a high of $4.16 and a low of $0.95. The company’s stock has gained about 16.50% over that past 30 days.

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Nuvation Bio Inc has a market cap of $869.10 million. Estimates by analysts give the company expected earnings per share (EPS) of -0.06, with the EPS growth for the year raised at -0.28 for current year and -0.28 for next year.

Based on estimates by 4 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Nuvation Bio Inc (NUVB) stock as a Hold, while 4 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 10.44% off its SMA20 and 12.79% from its 50-day simple moving average. The RSI (14) is pointing at 60.93 while the volatility over the past week is 6.47% and jumps to 6.21% over the past one month. The beta value is 1.41, while the average true range (ATR) is currently pointing at 0.19. The average price target for the stock over the next 12 months is $6.5, with the estimates having a low of $5 and a high of $10. These price ends are -43.27% and -186.53% off the today’s price level respectively, although investors could be excited at the prospect of a -86.25% if the NUVB share price touches on the median price of $6.5.

Coming back to Nuvation Bio Inc (NYSE:NUVB), we note that the average 3-month trading volume was 1.62 million, while that of the preceding 10-day period stands at 1.65 million. Current shares outstanding are 218.05 million.

The insiders hold 34.23% of the company’s shares while institutions hold 48.05%. The data shows that short shares as of 2024-06-28, stood at 12.44 million at a short ratio of 6.08. This represents a 8.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.1299999999999998.129999999999999 short interest in shares outstanding on 2024-06-28. Shares short rose in June from the previous month at 6.12 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 131.46% up in year-to-date price movement.

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