In last trading session, Fortress Biotech Inc (NASDAQ:FBIO) saw 0.31 million shares changing hands with its beta currently measuring 1.66. Company’s recent per share price level of $1.71 trading at -$0.01 or -0.58% at ring of the bell on the day assigns it a market valuation of $47.13M. That closing price of FBIO’s stock is at a discount of -159.06% from its 52-week high price of $4.43 and is indicating a premium of 27.49% 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 0.79 million shares which gives us an average trading volume of 564.44K if we extend that period to 3-months.
For Fortress Biotech Inc (FBIO), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 3 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. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.59 in the current quarter.
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Fortress Biotech Inc (NASDAQ:FBIO) trade information
Upright in the red during last session for losing -0.58%, in the last five days FBIO remained trading in the red while hitting it’s week-highest on Monday, 11/04/24 when the stock touched $1.71 price level, adding 14.07% to its value on the day. Fortress Biotech Inc’s shares saw a change of -43.19% in year-to-date performance and have moved -10.00% in past 5-day. Fortress Biotech Inc (NASDAQ:FBIO) showed a performance of 8.23% in past 30-days. Number of shares sold short was 2.57 million shares which calculate 2.99 days to cover the short interests.
Fortress Biotech Inc (FBIO) estimates and forecasts
Statistics highlight that Fortress Biotech Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 2.40% of value to its shares in past 6 months, showing an annual growth rate of 68.71% while that of industry is 16.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -3.50% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 32.22M for the same. And 2 analysts are in estimates of company making revenue of 21.42M in the next quarter. Company posted 34.75M and 19.95M of sales in current and next quarters respectively a year earlier.
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 22.28% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 63.40% while estimates for its earnings growth in next 5 years are of 25.50%.
Fortress Biotech Inc (NASDAQ:FBIO)’s Major holders
Insiders are in possession of 21.21% of company’s total shares while institution are holding 14.46 percent of that, with stock having share float percentage of 18.36%. Investors also watch the number of corporate investors in a company very closely, which is 14.46% institutions for Fortress Biotech Inc that are currently holding shares of the company.
