Wedbush reaffirmed their outperform rating on shares of Nuvation Bio (NYSE:NUVB – Get Rating) in a report published on Thursday, Benzinga reports. They currently have a $5.00 target price on the stock.
Separately, Jefferies Financial Group lowered shares of Nuvation Bio from a buy rating to a hold rating and decreased their target price for the company from $5.00 to $2.00 in a report on Friday, January 6th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Nuvation Bio presently has a consensus rating of Moderate Buy and an average price target of $4.00.
Nuvation Bio Stock Performance
NUVB opened at $1.64 on Thursday. Nuvation Bio has a twelve month low of $1.55 and a twelve month high of $6.02. The firm’s 50-day moving average price is $2.11 and its 200 day moving average price is $2.12.
Hedge Funds Weigh In On Nuvation Bio
Nuvation Bio Company Profile
Nuvation Bio Inc, a clinical-stage biopharmaceutical company, focuses on the development of therapeutic candidates for oncology. The company's lead product candidate is NUV-422, a small molecule inhibitor targeting cyclin-dependent kinase (CDK)2, CDK4, and CDK6. It is also developing NUV-868, a selective oral small molecule BET inhibitor that epigenetically regulates proteins that control tumor growth and differentiation; NUV-569, a differentiated oral small molecule selective inhibitor of the Wee1 kinase for DNA damage repair; NUV-1182, an adenosine receptor inhibitor; and drug-drug conjugate (DDC) platform that focuses on targeting an inhibitor of poly ADP ribose polymerase (PARP) to anti-cancer warheads of existing drugs, as well as PARP inhibitor to address ER+ breast and ovarian cancer.
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