ImmunityBio Inc (NASDAQ: IBRX) -268.18% Away From High, Is Set For A Comeback?

ImmunityBio Inc (NASDAQ:IBRX)’s traded shares stood at 5.3 million during the last session, with the company’s beta value hitting 0.73. At the close of trading, the stock’s price was $2.86, to imply a decrease of -4.67% or -$0.14 in intraday trading. The IBRX share’s 52-week high remains $10.53, putting it -268.18% down since that peak but still an impressive 20.28% since price per share fell to its 52-week low of $2.28.

Analysts have given a consensus recommendation of Sell for ImmunityBio Inc (IBRX), translating to a mean rating of 1.50. Of 1 analyst(s) looking at the stock, 1 analyst(s) give IBRX a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 0 recommend it as a Buy.

ImmunityBio Inc (NASDAQ:IBRX) trade information

After registering a -4.67% downside in the last session, ImmunityBio Inc (IBRX) has traded red over the past five days. The 5-day price performance for the stock is -21.43%, and -7.14% over 30 days. With these gigs, the year-to-date price performance is 11.72%.

The extremes give us $6 and $6 for target low and target high price respectively. As such, IBRX has been trading -109.79% off suggested target high and -109.79% from its likely low.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 1.17% for the past 5-year period. While 2025 is set for a 30.43% return in earnings, projections for the next 5 years are at 32.58% annually.

IBRX Dividends

ImmunityBio Inc has its next earnings report out in March. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

The next major institution holding the largest number of shares is BLACKROCK INC. with 11.42 million shares, or about 1.6978% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $72.19 million.

We also have Vanguard Total Stock Market Index Fund and SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF as the top two Mutual Funds with the largest holdings of the ImmunityBio Inc (IBRX) shares. Going by data provided on Sep 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 5.72 shares. This is just over 0.82% of the total shares, with a market valuation of $16.36 million. Data from the same date shows that the other fund manager holds a little less at 4.98, or 0.71% of the shares, all valued at about 14.23 million.