Nuvation Bio Inc (NYSE:NUVB) shares, rose in value, with the stock price down by -2.14% to the previous day’s close as strong demand from buyers drove the stock to $3.20.
Actively observing the price movement in the last trading, the stock closed the session at $3.27, falling within a range of $3.19 and $3.3986. The value of beta (5-year monthly) was 1.401. Referring to stock’s 52-week performance, its high was $4.16, and the low was $0.95. On the whole, NUVB has fluctuated by -16.45% over the past month.
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With the market capitalization of Nuvation Bio Inc currently standing at about $797.60 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-31.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NUVB’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of NUVB currently trading nearly 8.55% and 2.39% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.11, while the 7-day volatility ratio is showing 7.17% which for the 30-day chart, stands at 7.02%. Furthermore, Nuvation Bio Inc (NUVB)’s beta value is 1.40, and its average true range (ATR) is 0.21.
A comparison of Nuvation Bio Inc (NUVB) with its peers suggests the former has fared considerably weaker in the market. NUVB showed an intraday change of -2.14% in last session, and over the past year, it grew by 91.62%%.
Data on historical trading for Nuvation Bio Inc (NYSE:NUVB) indicates that the trading volumes over the past 10 days have averaged 1.33 and over the past 3 months, they’ve averaged 1.70 million. According to company’s latest data on outstanding shares, there are 218.05 million shares outstanding.
Nearly 33.95% of Nuvation Bio Inc’s shares belong to company insiders and institutional investors own 53.07% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 16.5 million shares as on 2024-08-15, resulting in a short ratio of 11.27. According to the data, the short interest in Nuvation Bio Inc (NUVB) stood at 1082.00 of shares outstanding as of 2024-08-15; the number of short shares registered in 2024-07-15 reached 14.28 million. The stock has risen by 111.92% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NUVB stock heading into the next quarter.
