In the last trading session, 0.21 million Fortress Biotech Inc (NASDAQ:FBIO) shares changed hands as the company’s beta touched 1.69. With the company’s per share price at $1.81 changed hands at $0.07 or 4.02% during last session, the market valuation stood at $49.69M. FBIO’s last price was a discount, traded about -144.75% off its 52-week high of $4.43. The share price had its 52-week low at $1.36, which suggests the last value was 24.86% up since then. When we look at Fortress Biotech Inc’s average trading volume, we note the 10-day average is 0.57 million shares, with the 3-month average coming to 646.19K.
Analysts gave the Fortress Biotech Inc (FBIO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended FBIO as a Hold, 2 felt it is a Buy and 1 rated the stock as Underweight. Fortress Biotech Inc’s EPS for the current quarter is expected to be -0.75.
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Fortress Biotech Inc (NASDAQ:FBIO) trade information
Instantly FBIO was in green as seen at the end of in last trading. With action -1.10%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -40.20%, with the 5-day performance at -1.10% in the red. However, in the 30-day time frame, Fortress Biotech Inc (NASDAQ:FBIO) is 11.80% up. Looking at the short shares, we see there were 2.62 million shares sold at short interest cover period of 4.57 days.
Fortress Biotech Inc (FBIO) estimates and forecasts
Data shows that the Fortress Biotech Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 5.88% over the past 6 months, a 61.28% in annual growth rate that is considerably higher than the industry average of 16.70%. Year-over-year growth is forecast to reach -31.22% down from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 15.58M. The company’s revenue for the corresponding quarters a year ago was 20.59M. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -24.35%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 22.28%. The 2024 estimates are for Fortress Biotech Inc earnings to increase by 58.60%, but the outlook for the next 5-year period is at 25.50% per year.
FBIO Dividends
Fortress Biotech Inc is expected to release its next quarterly earnings report in January.
Fortress Biotech Inc (NASDAQ:FBIO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 21.21% of Fortress Biotech Inc shares while 15.78% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 20.03%.
