ImmunityBio Inc (NASDAQ:IBRX) price on current trading day, fall -3.59% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $4.57.
A look at the stock’s price movement, the close in the last trading session was $4.74, moving within a range at $4.54 and $4.85. The beta value (5-Year monthly) was -0.429. Turning to its 52-week performance, $10.53 and $3.10 were the 52-week high and 52-week low respectively. Overall, IBRX moved -15.99% over the past month.
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ImmunityBio Inc’s market cap currently stands at around $3.18 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 9.07M for the company’s revenue for the quarter, with a low and high estimate of 9.07M and 9.07M respectively. The average forecast suggests up to a 6,425.90% 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 23.92M, representing a 3,745.87% 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 Hold. On the other hand, the stock is on average a Hold 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 -8.57% and 1.62% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.77, while 7-day volatility ratio is 5.62% and 8.55% in the 30-day chart. Further, ImmunityBio Inc (IBRX) has a beta value of 0.63, and an average true range (ATR) of 0.41. 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 -75.05% off current price level while to achieve the yearly target high, price needs to move -75.05%. Nonetheless, investors will most likely welcome a -75.05% 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 3.25 over the past 10 days and 5.16 million over the past 3 months. The company’s latest data on shares outstanding shows there are 696.83 million shares.
The 77.10% of ImmunityBio Inc’s shares are in the hands of company insiders while institutional holders own 9.89% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 52.05 million on 2024-11-15, giving us a short ratio of 5.76. The data shows that as of 2024-11-15 short interest in ImmunityBio Inc (IBRX) stood at 3220.0000000000005 of shares outstanding, with shares short rising to 51.58 million registered in 2024-10-15. Current price change has pushed the stock -8.96% 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.
