ImmunityBio Inc. (NASDAQ: IBRX) is -44.97% lower on its value in year-to-date trading and has touched a low of $1.21 and a high of $7.80 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IBRX stock was last observed hovering at around $2.79 in the last trading session, with the day’s loss setting it 0.0% off its average median price target of $4.50 for the next 12 months. It is also 44.2% off the consensus price target high of $5.00 offered by 2 analysts, but current levels are 30.25% higher than the price target low of $4.00 for the same period.
Currently trading at $2.79, the stock is -21.30% and 12.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.58 million and changing 0.00% at the moment leaves the stock -32.55% off its SMA200. IBRX registered -28.64% loss for a year compared to 6-month loss of -47.06%. The firm has a 50-day simple moving average (SMA 50) of $3.45k and a 200-day simple moving average (SMA200) of -$6.17.
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The stock witnessed a 14.34% gain in the last 1 month and extending the period to 3 months gives it a -0.71%, and is -15.71% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 14.93% over the week and 19.31% over the month.
ImmunityBio Inc. (IBRX) has around 703 employees, a market worth around $1.15B and $0.60M in sales. Distance from 52-week low is 130.58% and -64.23% from its 52-week high. The company has generated returns on investments over the last 12 months (-154.60%).
ImmunityBio Inc. (IBRX) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for ImmunityBio Inc. (IBRX) is a “Overweight”. 2 analysts offering their recommendations for the stock have an average rating of 2.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
ImmunityBio Inc. is expected to release its quarterly report on 08/09/2023.The EPS is expected to shrink by -16.90% this year.
ImmunityBio Inc. (IBRX) Top Institutional Holders
The shares outstanding are 428.38M, and float is at 83.44M with Short Float at 35.93%.
ImmunityBio Inc. (IBRX) Insider Activity
A total of 6 insider transactions have happened at ImmunityBio Inc. (IBRX) in the last six months, with sales accounting for 2 and purchases happening 4 times.
