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In the latest session, Fortress Biotech Inc (NASDAQ: FBIO) closed at $1.76 up 1.73% from its previous closing price of $1.73. In other words, the price has increased by $1.73 from its previous closing price. On the day, 0.51 million shares were traded.
Ratios:
For a deeper understanding of Fortress Biotech Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.06 and its Current Ratio is at 1.23. In the meantime, Its Debt-to-Equity ratio is 3.38 whereas as Long-Term Debt/Eq ratio is at 3.20.
On August 04, 2022, Ladenburg Thalmann started tracking the stock assigning a Buy rating and target price of $6.
On October 02, 2020, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $9.The Benchmark Company initiated its Buy rating on October 02, 2020, with a $9 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 23 ’24 when ROSENWALD LINDSAY A MD bought 763,359 shares for $1.84 per share. The transaction valued at 1,404,581 led to the insider holds 3,657,264 shares of the business.
ROSENWALD LINDSAY A MD bought 5,000 shares of FBIO for $37,418 on Jul 11 ’24. The President, CEO & Chairman now owns 127,500 shares after completing the transaction at $7.48 per share. On Jul 10 ’24, another insider, Jin David, who serves as the Chief Financial Officer of the company, bought 500 shares for $7.50 each. As a result, the insider paid 3,750 and bolstered with 500 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.78 while its Price-to-Book (P/B) ratio in mrq is 2.29.
Stock Price History:
Over the past 52 weeks, FBIO has reached a high of $2.89, while it has fallen to a 52-week low of $1.36. The 50-Day Moving Average of the stock is -9.22%, while the 200-Day Moving Average is calculated to be -4.90%.
Shares Statistics:
A total of 27.58M shares are outstanding, with a floating share count of 19.73M. Insiders hold about 28.53% of the company’s shares, while institutions hold 14.37% stake in the company.
