In the last trading session, 1.38 million shares of the iBio Inc (AMEX:IBIO) were traded, and its beta was -3.35. Most recently the company’s share price was $2.66, and it changed around $0.47 or 21.46% from the last close, which brings the market valuation of the company to $22.98M. IBIO currently trades at a discount to its 52-week high of $7.83, offering almost -194.36% off that amount. The share price’s 52-week low was $1.02, which indicates that the current value has risen by an impressive 61.65% since then. We note from iBio Inc’s average daily trading volume that its 10-day average is 0.26 million shares, with the 3-month average coming to 72.20K.
iBio 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 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended IBIO as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. iBio Inc is expected to report earnings per share of -0.48 for the current quarter.
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iBio Inc (AMEX:IBIO) trade information
Instantly IBIO has showed a green trend with a performance of 21.46% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.78 on recent trading dayincreased the stock’s daily price by 4.32%. The company’s shares are currently up 94.16% year-to-date, but still up 19.82% over the last five days. On the other hand, iBio Inc (AMEX:IBIO) is 49.44% up in the 30-day period. We can see from the shorts that 85911.0 shares have been sold at a short interest cover period of 1.46 day(s).
The consensus price target as assigned by Wall Street analysts is $3.6, which translates to bulls needing to increase their stock price by 26.11% from its current value. Analyst projections state that IBIO is forecast to be at a low of $3.6 and a high of $3.6.
iBio Inc (IBIO) estimates and forecasts
iBio Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 17.70 percent over the past six months and at a 56.82% annual growth rate that is well above the industry average of 17.60%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 57.55%.
IBIO Dividends
iBio Inc’s next quarterly earnings report is expected to be released on 2024-Nov-12.
iBio Inc (AMEX:IBIO)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.20% of iBio Inc shares, and 28.38% of them are in the hands of institutional investors. The stock currently has a share float of 28.43%.
