Market Watch Highlights: ImmunityBio Inc (IBRX) Ends on an Downturn Note at 5.04

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As of close of business last night, ImmunityBio Inc’s stock clocked out at $5.04, down -1.18% from its previous closing price of $5.10. In other words, the price has decreased by -$1.18 from its previous closing price. On the day, 3.14 million shares were traded. IBRX stock price reached its highest trading level at $5.43 during the session, while it also had its lowest trading level at $5.01.

Ratios:

To gain a deeper understanding of IBRX’s stock, we examine its different ratios. 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 3553839872 and an Enterprise Value of 4401380864. For the stock, the TTM Price-to-Sale (P/S) ratio is 485.32. Its current Enterprise Value per Revenue stands at 600.297 whereas that against EBITDA is -12.896.

Stock Price History:

Over the past 52 weeks, IBRX has reached a high of $10.53, while it has fallen to a 52-week low of $3.10. The 50-Day Moving Average of the stock is 17.16%, while the 200-Day Moving Average is calculated to be -4.54%.

Shares Statistics:

It appears that IBRX traded 5.04M shares on average per day over the past three months and 5041940 shares per day over the past ten days. A total of 670.87M shares are outstanding, with a floating share count of 159.58M. Insiders hold about 77.10% of the company’s shares, while institutions hold 9.88% stake in the company. Shares short for IBRX as of 1730332800 were 52749830 with a Short Ratio of 10.47, compared to 1727654400 on 52675658. Therefore, it implies a Short% of Shares Outstanding of 52749830 and a Short% of Float of 32.689997999999996.

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