ImmunityBio Inc (NASDAQ:IBRX) price on current trading day, fall -0.83% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.57.
A look at the stock’s price movement, the close in the last trading session was $3.60, moving within a range at $3.55 and $3.68. The beta value (5-Year monthly) was -0.342. Turning to its 52-week performance, $10.53 and $1.25 were the 52-week high and 52-week low respectively. Overall, IBRX moved -3.51% over the past month.
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ImmunityBio Inc’s market cap currently stands at around $2.49 billion, with investors looking forward to this quarter’s earnings report slated for in November.
Analysts have a consensus estimate of 4.36M for the company’s revenue for the quarter, with a low and high estimate of 3.7M and 5.03M respectively. The average forecast suggests up to a 5,217.10% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 14.62M, representing a 2,250.50% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that IBRX is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 0 recommend IBRX as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Sell which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
IBRX’s current price about 0.04% and -13.04% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.65, while 7-day volatility ratio is 6.01% and 6.58% in the 30-day chart. Further, ImmunityBio Inc (IBRX) has a beta value of 0.91, and an average true range (ATR) of 0.24. Analysts have given the company’s stock an average 52-week price target of $8, forecast between a low of $8 and high of $8. Looking at the price targets, the low is -124.09% off current price level while to achieve the yearly target high, price needs to move -124.09%. Nonetheless, investors will most likely welcome a -124.09% jump to $8 which is the analysts’ median price.
If we refocus on ImmunityBio Inc (NASDAQ:IBRX), historical trading data shows that trading volumes averaged 2.57 over the past 10 days and 2.70 million over the past 3 months. The company’s latest data on shares outstanding shows there are 670.87 million shares.
The 77.10% of ImmunityBio Inc’s shares are in the hands of company insiders while institutional holders own 8.86% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 50.74 million on 2024-09-13, giving us a short ratio of 16.34. The data shows that as of 2024-09-13 short interest in ImmunityBio Inc (IBRX) stood at 3145.0 of shares outstanding, with shares short rising to 49.18 million registered in 2024-08-15. Current price change has pushed the stock -28.88% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the IBRX stock continues to rise going into the next quarter.
