In recent trading session, Fortress Biotech Inc (NASDAQ:FBIO) saw 1.23 million shares changing hands at last check today with its beta currently measuring 1.91. Company’s recent per share price level of $1.69 trading at $0.26 or 18.18% at last check today assigns it a market valuation of $15.11M. That most recent trading price of FBIO’s stock is at a discount of -929.59% from its 52-week high price of $17.40 and is indicating a premium of 26.63% from its 52-week low price of $1.24. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.41 million shares which gives us an average trading volume of 108.74K if we extend that period to 3-months.
For Fortress Biotech Inc (FBIO), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 1.50. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$3.16 in the current quarter.
Fortress Biotech Inc (NASDAQ:FBIO) trade information
Upright in the green today for gaining 18.18%, in the last five days FBIO remained trading in the green while hitting it’s week-highest on Friday, 11/17/23 when the stock touched $1.69 price level, adding 1.74% to its value on the day. Fortress Biotech Inc’s shares saw a change of -82.80% in year-to-date performance and have moved 29.01% in past 5-day. Fortress Biotech Inc (NASDAQ:FBIO) showed a performance of -16.75% in past 30-days. Number of shares sold short was 0.17 million shares which calculate 2.22 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $33.33 to the stock, which implies a rise of 94.93% to its recent value today. Analysts have been projecting $10.00 as a low price target for the stock while placing it at a high target of $60.00. It follows that stock’s current price would drop -3450.3% in reaching the projected high whereas dropping to the targeted low would mean a loss of -491.72% for stock’s current value.
Fortress Biotech Inc (FBIO) estimates and forecasts
Statistics highlight that Fortress Biotech Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -78.12% of value to its shares in past 6 months, showing an annual growth rate of 9.83% while that of industry is 14.80. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 29.10% in the current quarter and calculating 4.80% increase in the next quarter. This year revenue growth is estimated to fall -18.00% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $17.9 million for the same. And 1 analysts are in estimates of company making revenue of $21.5 million in the next quarter that will end on Mar 2024. Company posted $16.4 million and $12.43 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 9.10% while estimating it to be 73.00% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 9.51% during past 5 years. In 2023, company’s earnings growth rate is likely to be around 12.71% while estimates for its earnings growth in next 5 years are of 25.50%.
Fortress Biotech Inc is more likely to be releasing its next quarterly report on November 14 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Fortress Biotech Inc (NASDAQ:FBIO)’s Major holders
Nantahala Capital Management, LLC is the top institutional holder at FBIO for having 0.43 million shares of worth $3.51 million. And as of Jun 29, 2023, it was holding 0.32% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 0.35 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 0.26% of outstanding shares, having a total worth of $2.89 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Explorer Fund, Inc. are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 0.14 million shares of worth $1.18 million or 0.11% of the total outstanding shares. The later fund manager was in possession of 0.12 million shares on Jul 30, 2023, making its stake of worth around $0.99 million in the company or a holder of 0.09% of company’s stock.