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After finishing at $0.39 in the prior trading day, Forte Biosciences Inc (NASDAQ: FBRX) closed at $0.31, down -20.51%. In other words, the price has decreased by -$20.51 from its previous closing price. On the day, 1.61 million shares were traded. FBRX stock price reached its highest trading level at $0.4267 during the session, while it also had its lowest trading level at $0.2796.
Ratios:
Our goal is to gain a better understanding of FBRX by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.82 and its Current Ratio is at 2.82. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
On September 20, 2021, Chardan Capital Markets Upgraded its rating to Buy which previously was Sell and also lowered its target price recommendation from $4 to $3.50.
Truist Downgraded its Buy to Hold on September 03, 2021, while the target price for the stock was maintained at $4.
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 Dec 18 ’23 when Wagner Paul A. bought 10,000 shares for $0.75 per share. The transaction valued at 7,525 led to the insider holds 1,823,236 shares of the business.
Wagner Paul A. bought 10,520 shares of FBRX for $7,351 on Dec 13 ’23. The insider now owns 1,803,236 shares after completing the transaction at $0.70 per share. On Dec 14 ’23, another insider, Wagner Paul A., who serves as the insider of the company, bought 10,000 shares for $0.72 each. As a result, the insider paid 7,200 and bolstered with 1,813,236 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FBRX now has a Market Capitalization of 11316209 and an Enterprise Value of -16231472.
Stock Price History:
The Beta on a monthly basis for FBRX is 0.06, which has changed by -0.53125 over the last 52 weeks, in comparison to a change of 0.24841464 over the same period for the S&P500. Over the past 52 weeks, FBRX has reached a high of $0.91, while it has fallen to a 52-week low of $0.38. The 50-Day Moving Average of the stock is -41.79%, while the 200-Day Moving Average is calculated to be -50.18%.
Shares Statistics:
The stock has traded on average 21.21K shares per day over the past 3-months and 25600 shares per day over the last 10 days, according to various share statistics. A total of 36.34M shares are outstanding, with a floating share count of 32.49M. Insiders hold about 10.99% of the company’s shares, while institutions hold 55.58% stake in the company. Shares short for FBRX as of 1722384000 were 9098 with a Short Ratio of 0.43, compared to 1719532800 on 20321. Therefore, it implies a Short% of Shares Outstanding of 9098 and a Short% of Float of 0.029999999000000003.
Earnings Estimates
Forte Biosciences Inc (FBRX) is presently subject to a detailed evaluation by 3.0 analysts, each offering their unique perspectives on its market standing.The consensus estimate for the next quarter is -$0.12, with high estimates of -$0.08 and low estimates of -$0.17.
Analysts are recommending an EPS of between -$0.51 and -$0.66 for the fiscal current year, implying an average EPS of -$0.59. EPS for the following year is -$0.54, with 3.0 analysts recommending between -$0.41 and -$0.68.
