In the last trading session, 5.13 million shares of the ImmunityBio Inc (NASDAQ:IBRX) were traded, and its beta was 0.75. Most recently the company’s share price was $4.49, and it changed around -$0.38 or -7.80% from the last close, which brings the market valuation of the company to $2.88B. IBRX currently trades at a discount to its 52-week high of $10.53, offering almost -134.52% off that amount. The share price’s 52-week low was $3.10, which indicates that the current value has risen by an impressive 30.96% since then. We note from ImmunityBio Inc’s average daily trading volume that its 10-day average is 5.86 million shares, with the 3-month average coming to 4.94 million.
ImmunityBio Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.67. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended IBRX as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. ImmunityBio Inc is expected to report earnings per share of -0.17 for the current quarter.
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ImmunityBio Inc (NASDAQ:IBRX) trade information
Instantly IBRX has showed a red trend with a performance of -7.80% 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 5.88 on recent trading dayincreased the stock’s daily price by 23.64%. The company’s shares are currently down -10.56% year-to-date, but still down -19.39% over the last five days. On the other hand, ImmunityBio Inc (NASDAQ:IBRX) is 30.52% up in the 30-day period. We can see from the shorts that 52.75 million shares have been sold at a short interest cover period of 7.13 day(s).
The consensus price target as assigned by Wall Street analysts is $8, which translates to bulls needing to increase their stock price by 43.88% from its current value. Analyst projections state that IBRX is forecast to be at a low of $8 and a high of $8.
ImmunityBio Inc (IBRX) estimates and forecasts
ImmunityBio 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 fallen -41.31 percent over the past six months and at a 15.15% annual growth rate that is well below the industry average of 17.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 55.26% in revenue this quarter, and will report an increase of 20.00% in the next quarter. The year-over-year growth rate is expected to be 4,414.79%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 9.07M in revenue for the current quarter. 1 analysts expect ImmunityBio Inc to make 20.02M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 139k and 40k respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 6,425.90%. Forecasts for the next quarter put sales growth at 49,962.50%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 1.17%. ImmunityBio Inc earnings are expected to increase by 30.10% in 2024, but the outlook is negative -1.70% per year for the next five years.
IBRX Dividends
ImmunityBio Inc’s next quarterly earnings report is expected to be released in December.
ImmunityBio Inc (NASDAQ:IBRX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 77.00% of ImmunityBio Inc shares, and 10.11% of them are in the hands of institutional investors. The stock currently has a share float of 43.98%. ImmunityBio Inc stock is held by 252.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 2.0558% of the shares, which is about 13.83 million shares worth $87.42 million.
BLACKROCK INC., with 1.6978% or 11.42 million shares worth $72.19 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
