The Vanguard Group, Inc. recently announced the acquisition of new stake in Inovio Pharmaceuticals Inc (NASDAQ:INO). The institutional investor has increased its shareholding in the Healthcare company by 0.03% to 19.98 million shares with purchase of 6949.0 shares. This fresh investment now brings its stake to 7.32% valued currently at $10.19 million.
Currently, there are 272.99M common shares owned by the public and among those 268.63M shares have been available to trade.
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Insiders at the company have transacted a total of 35 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 22 of these insider trades were purchases, accounting for 692,311 shares. Insider sales of the common stock occurred on 13 occasions, with total insider shares sold totaling 241,286 shares.
The top 3 mutual fund holders in Inovio Pharmaceuticals Inc are Vanguard Total Stock Market ETF, Vanguard Strategic Small Cap Equi, and Vanguard Extended Market Index Fu. Vanguard Total Stock Market ETF owns 8.26 million shares of the company’s stock, all valued at over $4.21 million. Vanguard Extended Market Index Fu now owns shares totaling to 1.27% of the shares outstanding.
The company’s stock has a 5-day price change of -22.80% and 23.43% over the past three months. INO shares are trading 13.75% year to date (YTD), with the 12-month market performance down to -65.67% lower. It has a 12-month low price of $0.32 and touched a high of $1.95 over the same period. INO has an average intraday trading volume of 3.53 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -10.48%, 17.84%, and 10.39% respectively.
Institutional ownership of Inovio Pharmaceuticals Inc (NASDAQ: INO) shares accounts for 20.35% of the company’s 272.99M shares outstanding. Mutual fund holders own 10.50%, while other institutional holders and individual stakeholders account for 9.86% and 1.89% respectively.
It has a market capitalization of $158.36M and a beta (3y monthly) value of 0.89. The earnings-per-share (ttm) stands at -$0.63. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.77% over the week and 13.99% over the month.
Analysts forecast that Inovio Pharmaceuticals Inc (INO) will achieve an EPS of -$0.1 for the current quarter, -$0.07 for the next quarter and -$0.3 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.15 while analysts give the company a high EPS estimate of -$0.08. Comparatively, EPS for the current quarter was -$0.21 a year ago. Earnings per share for the fiscal year are expected to increase by 55.98%, and 40.78% over the next financial year. EPS should grow at an annualized rate of 41.50% over the next five years, compared to -1.47% over the past 5-year period.
