Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The closing price of ImmunityBio Inc (NASDAQ: IBRX) was $2.76 for the day, down -1.78% from the previous closing price of $2.81. In other words, the price has decreased by -$1.78 from its previous closing price. On the day, 4.83 million shares were traded. IBRX stock price reached its highest trading level at $2.975 during the session, while it also had its lowest trading level at $2.76.
Ratios:
Our analysis of IBRX’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.64 and its Current Ratio is at 2.68.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Piper Sandler on May 12, 2023, Downgraded its rating to Neutral and sets its target price to $4 from $10 previously.
On August 03, 2022, Jefferies started tracking the stock assigning a Buy rating and target price of $8.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IBRX now has a Market Capitalization of 2051761920 and an Enterprise Value of 2812605440. For the stock, the TTM Price-to-Sale (P/S) ratio is 300.61. Its current Enterprise Value per Revenue stands at 383.607 whereas that against EBITDA is -8.241.
Stock Price History:
The Beta on a monthly basis for IBRX is 0.79, which has changed by -0.33726418 over the last 52 weeks, in comparison to a change of 0.24933672 over the same period for the S&P500. Over the past 52 weeks, IBRX has reached a high of $10.53, while it has fallen to a 52-week low of $2.50. The 50-Day Moving Average of the stock is -35.79%, while the 200-Day Moving Average is calculated to be -45.88%.
Shares Statistics:
IBRX traded an average of 6.55M shares per day over the past three months and 5269550 shares per day over the past ten days. A total of 696.83M shares are outstanding, with a floating share count of 75.96M. Insiders hold about 89.60% of the company’s shares, while institutions hold 9.44% stake in the company. Shares short for IBRX as of 1734048000 were 44411919 with a Short Ratio of 6.78, compared to 1731628800 on 52052392. Therefore, it implies a Short% of Shares Outstanding of 44411919 and a Short% of Float of 22.780001.
