In the last trading session, 3.46 million shares of the ImmunityBio Inc (NASDAQ:IBRX) were traded, and its beta was 0.63. Most recently the company’s share price was $4.96, and it changed around $0.39 or 8.53% from the last close, which brings the market valuation of the company to $3.75B. IBRX currently trades at a discount to its 52-week high of $10.53, offering almost -112.3% off that amount. The share price’s 52-week low was $3.10, which indicates that the current value has risen by an impressive 37.5% since then. We note from ImmunityBio Inc’s average daily trading volume that its 10-day average is 2.99 million shares, with the 3-month average coming to 5.13 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 3 analysts rate the stock as a Sell; another 0 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 (NASDAQ:IBRX) trade information
Instantly IBRX has showed a green trend with a performance of 8.53% 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 5.13 on recent trading dayincreased the stock’s daily price by 3.31%. The company’s shares are currently down -1.20% year-to-date, but still down -1.59% over the last five days. On the other hand, ImmunityBio Inc (NASDAQ:IBRX) is -8.49% down in the 30-day period. We can see from the shorts that 52.05 million shares have been sold at a short interest cover period of 5.76 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 38.0% 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 -18.69 percent over the past six months and at a 7.07% annual growth rate that is well below the industry average of 17.10%.
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 27.54% 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 January.
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 43.97%. ImmunityBio Inc stock is held by 255.0 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.
