Buy, Sell or Hold? before and after EPS results Iovance Biotherapeutics (NASDAQ:IOVA)

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Earnings results for Iovance Biotherapeutics (NASDAQ:IOVA)

Iovance Biotherapeutics, Inc. is expected* to report earnings on 11/05/2020 after market close. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 7 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.46. The reported EPS for the same quarter last year was $-0.4.

Iovance Biotherapeutics last announced its earnings data on August 6th, 2020. The biotechnology company reported ($0.47) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.52) by $0.05. Iovance Biotherapeutics has generated ($1.59) earnings per share over the last year. Iovance Biotherapeutics has confirmed that its next quarterly earnings report will be published on Thursday, November 5th, 2020.

Analyst Opinion on Iovance Biotherapeutics (NASDAQ:IOVA)

11 Wall Street analysts have issued ratings and price targets for Iovance Biotherapeutics in the last 12 months. Their average twelve-month price target is $45.60, predicting that the stock has a possible upside of 15.21%. The high price target for IOVA is $65.00 and the low price target for IOVA is $35.00. There are currently 1 hold rating and 10 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Iovance Biotherapeutics has received a consensus rating of Buy. The company’s average rating score is 2.91, and is based on 10 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $45.60, Iovance Biotherapeutics has a forecasted upside of 15.2% from its current price of $39.58. Iovance Biotherapeutics has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Iovance Biotherapeutics (NASDAQ:IOVA)

Iovance Biotherapeutics does not currently pay a dividend. Iovance Biotherapeutics does not have a long track record of dividend growth.

Insiders buying/selling: Iovance Biotherapeutics (NASDAQ:IOVA)

In the past three months, Iovance Biotherapeutics insiders have not sold or bought any company stock. Only 9.90% of the stock of Iovance Biotherapeutics is held by insiders. 95.15% of the stock of Iovance Biotherapeutics is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Iovance Biotherapeutics (NASDAQ:IOVA

Earnings for Iovance Biotherapeutics are expected to decrease in the coming year, from ($1.94) to ($2.15) per share. The P/E ratio of Iovance Biotherapeutics is -20.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Iovance Biotherapeutics is -20.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Iovance Biotherapeutics has a P/B Ratio of 16.70. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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