In last trading session, Forte Biosciences Inc (NASDAQ:FBRX) saw 0.28 million shares changing hands with its beta currently measuring 0.76. Company’s recent per share price level of $19.79 trading at $3.11 or 18.65% at ring of the bell on the day assigns it a market valuation of $28.94M. That closing price of FBRX’s stock is at a discount of -7.38% from its 52-week high price of $21.25 and is indicating a premium of 79.23% from its 52-week low price of $4.11. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.16 million shares which gives us an average trading volume of 496.01K if we extend that period to 3-months.
For Forte Biosciences Inc (FBRX), 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 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 -2.74 in the current quarter.
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Forte Biosciences Inc (NASDAQ:FBRX) trade information
Upright in the green during last session for gaining 18.65%, in the last five days FBRX remained trading in the green while hitting it’s week-highest on Wednesday, 11/27/24 when the stock touched $19.79 price level, adding 15.28% to its value on the day. Forte Biosciences Inc’s shares saw a change of -3.66% in year-to-date performance and have moved 46.05% in past 5-day. Forte Biosciences Inc (NASDAQ:FBRX) showed a performance of 332.10% in past 30-days. Number of shares sold short was 982.0 shares which calculate 0.09 days to cover the short interests.
Forte Biosciences Inc (FBRX) estimates and forecasts
Statistics highlight that Forte Biosciences Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 26.66% of value to its shares in past 6 months, showing an annual growth rate of 40.76% while that of industry is 17.60. 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 51.36% during past 5 years.
Forte Biosciences Inc (NASDAQ:FBRX)’s Major holders
Insiders are in possession of 10.94% of company’s total shares while institution are holding 54.05 percent of that, with stock having share float percentage of 60.69%. Investors also watch the number of corporate investors in a company very closely, which is 54.05% institutions for Forte Biosciences Inc that are currently holding shares of the company. TYBOURNE CAPITAL MANAGEMENT (HK) LTD is the top institutional holder at FBRX for having 3.62 million shares of worth $1.95 million. And as of 2024-06-30, it was holding 7.8653 of the company’s outstanding shares.
The second largest institutional holder is PERCEPTIVE ADVISORS LLC, which was holding about 3.27 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.0858 of outstanding shares, having a total worth of $1.75 million.
