Let’s Discuss The ITeos Therapeutics Inc (NASDAQ: ITOS) Stock Forecast.

In the last trading session, 1.2 million shares of the ITeos Therapeutics Inc (NASDAQ:ITOS) were traded, and its beta was 1.43. Most recently the company’s share price was $12.11, and it changed around $0.01 or 0.12% from the last close, which brings the market valuation of the company to $442.44M. ITOS currently trades at a discount to its 52-week high of $18.75, offering almost -54.83% off that amount. The share price’s 52-week low was $8.20, which indicates that the current value has risen by an impressive 32.29% since then. We note from ITeos Therapeutics Inc’s average daily trading volume that its 10-day average is 1.29 million shares, with the 3-month average coming to 473.20K.

ITeos Therapeutics Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended ITOS as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight.

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ITeos Therapeutics Inc (NASDAQ:ITOS) trade information

Instantly ITOS has showed a green trend with a performance of 0.12% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 17.63 on recent trading dayincreased the stock’s daily price by 31.31%. The company’s shares are currently up 10.64% year-to-date, but still down -24.23% over the last five days. On the other hand, ITeos Therapeutics Inc (NASDAQ:ITOS) is -18.91% down in the 30-day period. We can see from the shorts that 2.61 million shares have been sold at a short interest cover period of 9.04 day(s).

The consensus price target as assigned by Wall Street analysts is $36, which translates to bulls needing to increase their stock price by 66.36% from its current value. Analyst projections state that ITOS is forecast to be at a low of $31 and a high of $46.

ITeos Therapeutics Inc (ITOS) estimates and forecasts

ITeos Therapeutics Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 18.08 percent over the past six months and at a -15.56% annual growth rate that is well below the industry average of 17.40%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -40.62%.

ITOS Dividends

ITeos Therapeutics Inc’s next quarterly earnings report is expected to be released in October.

ITeos Therapeutics Inc (NASDAQ:ITOS)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.70% of ITeos Therapeutics Inc shares, and 102.78% of them are in the hands of institutional investors. The stock currently has a share float of 103.50%. ITeos Therapeutics Inc stock is held by 211.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 10.4094% of the shares, which is about 3.73 million shares worth $55.37 million.

RA CAPITAL MANAGEMENT, L.P., with 9.8129% or 3.52 million shares worth $52.2 million as of 2024-06-30, holds the second largest percentage of outstanding shares.