ImmunityBio Inc (NASDAQ:IBRX) has a beta value of 0.64 and has seen 2.4 million shares traded in the recent trading session. The company, currently valued at $2.10B, closed the recent trade at $2.87 per share which meant it lost -$0.19 on the day or -6.21% during that session. The IBRX stock price is -266.9% off its 52-week high price of $10.53 and 1.74% above the 52-week low of $2.82. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.74 million shares traded. The 3-month trading volume is 5.91 million shares.
The consensus among analysts is that ImmunityBio Inc (IBRX) is Sell stock at the moment, with a recommendation rating of 1.67. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.
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ImmunityBio Inc (NASDAQ:IBRX) trade information
Sporting -6.21% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the IBRX stock price touched $2.87 or saw a rise of 16.81%. Year-to-date, ImmunityBio Inc shares have moved -42.83%, while the 5-day performance has seen it change -38.15%. Over the past 30 days, the shares of ImmunityBio Inc (NASDAQ:IBRX) have changed -36.08%. Short interest in the company has seen 49.78 million shares shorted with days to cover at 9.34.
Wall Street analysts have a consensus price target for the stock at $8, which means that the shares’ value could jump 64.12% from the levels at last check today. The projected low price target is $8.0 while the price target rests at a high of $8.0. In that case, then, we find that the latest price level in today’s session is -178.75% off the targeted high while a plunge would see the stock gain -178.75% from the levels at last check today.
ImmunityBio Inc (IBRX) estimates and forecasts
Figures show that ImmunityBio Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -53.93% over the past 6 months, with this year growth rate of 7.07%, compared to 17.20% for the industry. Revenue growth from the last financial year stood is estimated to be 3,745.87%.
1 analysts offering their estimates for the company have set an average revenue estimate of 9.07M for the current quarter. 1 have an estimated revenue figure of 20.02M for the next ending quarter. Year-ago sales stood 139k and 40k respectively for this quarter and the next, and analysts expect sales will grow by 6,425.90% for the current quarter and 3,745.87% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 1.17% over the past 5 years. Earnings growth for 2024 is a modest 27.54% while over the next 5 years, the company’s earnings are expected to decrease by -1.70%.
IBRX Dividends
ImmunityBio Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
ImmunityBio Inc (NASDAQ:IBRX)’s Major holders
Insiders own 73.49% of the company shares, while shares held by institutions stand at 9.64% with a share float percentage of 36.37%. Investors are also buoyed by the number of investors in a company, with ImmunityBio Inc having a total of 254.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 13.83 million shares worth more than $87.42 million. As of 2024-06-30, VANGUARD GROUP INC held 2.0558% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 11.42 million shares as of 2024-06-30. The firm’s total holdings are worth over $72.19 million and represent 1.6978% of shares outstanding.
