iBio Inc. (AMEX:IBIO)’s traded shares stood at 1.15 million during the last session, with the company’s beta value hitting -3.33. At the close of trading, the stock’s price was $2.03, to imply an increase of 10.33% or $0.19 in intraday trading. The IBIO share’s 52-week high remains $16.51, putting it -713.3% down since that peak but still an impressive 82.27% since price per share fell to its 52-week low of $0.36. The company has a valuation of $22.03M, with an average of 1.82 million shares in intraday trading volume over the past 10 days and average of 3.40 million shares over the past 3 months.
Analysts have given a consensus recommendation of a Hold for iBio Inc. (IBIO), translating to a mean rating of 3.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give IBIO a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.62.
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iBio Inc. (AMEX:IBIO) trade information
After registering a 10.33% upside in the last session, iBio Inc. (IBIO) has traded red over the past five days. The stock hit a weekly high of 2.1700 this Thursday, 03/16/23, jumping 10.33% in its intraday price action. The 5-day price performance for the stock is 23.03%, and 130.66% over 30 days. With these gigs, the year-to-date price performance is 356.80%. Short interest in iBio Inc. (AMEX:IBIO) saw shorts transact 1.46 million shares and set a 1.8 days time to cover.
Analysts on Wall Street suggest a consensus price target of $1.00, implying a decrease of -103.0% to the stock’s current value. The extremes give us $1.00 and $1.00 for target low and target high price respectively. As such, IBIO has been trading 50.74% off suggested target high and 50.74% from its likely low.
iBio Inc. (IBIO) estimates and forecasts
Looking at statistics comparing iBio Inc. share performance against respective industry, we note that the company has outperformed competitors. iBio Inc. (IBIO) shares are -72.01% down over the last 6 months, with its year-to-date growth rate higher than industry average at 24.39% against 9.40%. Revenue is forecast to grow 50.40% this quarter before jumping 80.70% for the next one. The rating firms project that company’s revenue will shrink -22.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is $600k. Meanwhile, for the quarter ending Mar 2023, a total of 2 analyst(s) estimate revenue growth to $600k.Earnings reports from the last fiscal year show that sales brought in $168k and $1.94 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 257.10% before dropping -69.10% in the following quarter.
iBio Inc. has its next earnings report out between May 10 and May 15. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. iBio Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
iBio Inc. (AMEX:IBIO)’s Major holders
iBio Inc. insiders hold 3.08% of total outstanding shares, with institutional holders owning 11.37% of the shares at 11.73% float percentage. In total, 11.37% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Sep 29, 2022, the company held over 0.48 million shares (or 5.28% of shares), all amounting to roughly $2.02 million.
The next major institution holding the largest number of shares is Price (T.Rowe) Associates Inc with 0.32 million shares, or about 3.58% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $1.37 million.
We also have Vanguard Total Stock Market Index Fund and iShares Core S&P Total U.S. Stock Market ETF as the top two Mutual Funds with the largest holdings of the iBio Inc. (IBIO) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 0.34 million shares. This is just over 3.73% of the total shares, with a market valuation of $1.43 million. Data from the same date shows that the other fund manager holds a little less at 0.13 million, or 1.46% of the shares, all valued at about 58478.0.