The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
FibroBiologics Inc (NASDAQ: FBLG) closed the day trading at $1.72 down -2.82% from the previous closing price of $1.77. In other words, the price has decreased by -$2.82 from its previous closing price. On the day, 0.57 million shares were traded. FBLG stock price reached its highest trading level at $1.83 during the session, while it also had its lowest trading level at $1.67.
Ratios:
For a better understanding of FBLG, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.23 and its Current Ratio is at 1.23. In the meantime, Its Debt-to-Equity ratio is 0.57 whereas as Long-Term Debt/Eq ratio is at 0.38.
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 this company, Rodman & Renshaw on December 12, 2024, initiated with a Buy rating and assigned the stock a target price of $12.
On October 30, 2024, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $12.
On September 24, 2024, Maxim Group started tracking the stock assigning a Buy rating and target price of $12.Maxim Group initiated its Buy rating on September 24, 2024, with a $12 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 12 ’24 when O’HEERON PETE bought 8,500 shares for $1.91 per share. The transaction valued at 16,269 led to the insider holds 6,056,647 shares of the business.
Khoja Hamid bought 10,000 shares of FBLG for $19,000 on Aug 12 ’24. The Chief Scientific Officer now owns 11,250 shares after completing the transaction at $1.90 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FBLG now has a Market Capitalization of 62622448 and an Enterprise Value of 53348696.
Stock Price History:
The Beta on a monthly basis for FBLG is -1.30, which has changed by -0.88393444 over the last 52 weeks, in comparison to a change of 0.21313763 over the same period for the S&P500. Over the past 52 weeks, FBLG has reached a high of $17.75, while it has fallen to a 52-week low of $1.08. The 50-Day Moving Average of the stock is -15.62%, while the 200-Day Moving Average is calculated to be -58.89%.
Shares Statistics:
Over the past 3-months, FBLG traded about 223.46K shares per day on average, while over the past 10 days, FBLG traded about 528850 shares per day. A total of 33.92M shares are outstanding, with a floating share count of 26.47M. Insiders hold about 23.61% of the company’s shares, while institutions hold 16.04% stake in the company. Shares short for FBLG as of 1738281600 were 1804615 with a Short Ratio of 11.19, compared to 1735603200 on 2473554. Therefore, it implies a Short% of Shares Outstanding of 1804615 and a Short% of Float of 6.22.
