In the last trading session, 4.0 million IN8bio Inc (NASDAQ:INAB) shares changed hands as the company’s beta touched 0.01. With the company’s per share price at $0.33 changed hands at -$0.14 or -30.95% during last session, the market valuation stood at $15.35M. INAB’s last price was a discount, traded about -651.52% off its 52-week high of $2.48. The share price had its 52-week low at $0.22, which suggests the last value was 33.33% up since then. When we look at IN8bio Inc’s average trading volume, we note the 10-day average is 3.7 million shares, with the 3-month average coming to 807.08K.
Analysts gave the IN8bio Inc (INAB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended INAB as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. IN8bio Inc’s EPS for the current quarter is expected to be -0.16.
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IN8bio Inc (NASDAQ:INAB) trade information
Instantly INAB was in red as seen at the end of in last trading. With action 40.17%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -76.23%, with the 5-day performance at 40.17% in the green. However, in the 30-day time frame, IN8bio Inc (NASDAQ:INAB) is 6.53% up. Looking at the short shares, we see there were 0.18 million shares sold at short interest cover period of 0.44 days.
IN8bio Inc (INAB) estimates and forecasts
Data shows that the IN8bio Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -68.46% over the past 6 months, a 48.00% in annual growth rate that is considerably higher than the industry average of 17.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -50.62%. The 2024 estimates are for IN8bio Inc earnings to increase by 42.00%.
INAB Dividends
IN8bio Inc is expected to release its next quarterly earnings report in November.
IN8bio Inc (NASDAQ:INAB)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 21.56% of IN8bio Inc shares while 49.62% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 63.26%. There are 49.62% institutions holding the IN8bio Inc stock share, with AIGH CAPITAL MANAGEMENT LLC the top institutional holder. As of 2024-06-30, the company held 4.9157% of the shares, roughly 2.13 million INAB shares worth $1.8 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 3.2892% or 1.42 million shares worth $1.21 million as of 2024-06-30.
