With 18.52% Distance From Low, Is IN8bio Inc (NASDAQ:INAB) Poised For More Gains?

In last trading session, IN8bio Inc (NASDAQ:INAB) saw 1.41 million shares changing hands with its beta currently measuring -0.06. Company’s recent per share price level of $0.27 trading at $0.04 or 17.77% at ring of the bell on the day assigns it a market valuation of $12.68M. That closing price of INAB’s stock is at a discount of -818.52% from its 52-week high price of $2.48 and is indicating a premium of 18.52% from its 52-week low price of $0.22. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.47 million shares which gives us an average trading volume of 300.34K if we extend that period to 3-months.

For IN8bio Inc (INAB), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.16 in the current quarter.

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IN8bio Inc (NASDAQ:INAB) trade information

IN8bio Inc’s shares saw a change of -80.36% in year-to-date performance and have moved 20.39% in past 5-day. IN8bio Inc (NASDAQ:INAB) showed a performance of -15.60% in past 30-days. Number of shares sold short was 0.18 million shares which calculate 0.44 days to cover the short interests.

IN8bio Inc (INAB) estimates and forecasts

Statistics highlight that IN8bio Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -73.69% of value to its shares in past 6 months, showing an annual growth rate of 48.00% while that of industry is 17.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

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 -50.62% during past 5 years.

IN8bio Inc (NASDAQ:INAB)’s Major holders

Insiders are in possession of 21.56% of company’s total shares while institution are holding 49.62 percent of that, with stock having share float percentage of 63.26%. Investors also watch the number of corporate investors in a company very closely, which is 49.62% institutions for IN8bio Inc that are currently holding shares of the company. AIGH CAPITAL MANAGEMENT LLC is the top institutional holder at INAB for having 2.13 million shares of worth $1.8 million. And as of 2024-06-30, it was holding 4.9157 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 1.42 million shares on 2024-06-30. The number of shares represents firm’s hold over 3.2892 of outstanding shares, having a total worth of $1.21 million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 952.49 shares of worth $0.26 million or 2.04% of the total outstanding shares. The later fund manager was in possession of 471.41 shares on Jun 30, 2024 , making its stake of worth around $0.13 million in the company or a holder of 1.01% of company’s stock.