IO Biotech Inc (NASDAQ: IOBT) is -36.70% lower on its value in year-to-date trading and has touched a low of $0.73 and a high of $2.10 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 IOBT stock was last observed hovering at around $0.78 in the last trading session, with the day’s gains setting it 0.41%.
Currently trading at $1.19, the stock is -1.82% and -8.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.69 million and changing 53.51% at the moment leaves the stock -19.21% off its SMA200. IOBT registered -16.20% loss for a year compared to 6-month loss of -24.68%.
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The stock witnessed a -15.00% gain in the last 1 month and extending the period to 3 months gives it a -3.25%, and is 33.71% up 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 23.21% over the week and 12.37% over the month.
IO Biotech Inc (IOBT) has around 68 employees, a market worth around $78.40M and $0.00M in sales. Distance from 52-week low is 62.41% and -43.28% from its 52-week high. The company has generated returns on investments over the last 12 months (-90.04%).
The EPS is expected to grow by 40.40% this year.
IO Biotech Inc (IOBT) Top Institutional Holders
24.0 institutions hold shares in IO Biotech Inc (IOBT), with institutional investors hold 77.48% of the company’s shares. The shares outstanding are 65.88M, and float is at 43.87M with Short Float at 0.12%. Institutions hold 77.30% of the Float.
The top institutional shareholder in the company is VIVO CAPITAL, LLC with over 6.17 million shares valued at $7.22 million. The investor’s holdings represent 9.3706% of the IOBT Shares outstanding. As of 2024-06-30, the second largest holder is NOVO HOLDINGS A/S with 4.43 million shares valued at $5.18 million to account for 6.7234 of the shares outstanding. The other top investors are SAMSARA BIOCAPITAL, LLC which holds 3.64 million shares representing 5.5251% and valued at over $4.26 million, while PFM HEALTH SCIENCES, LP holds 3.5535 of the shares totaling 2.34 million with a market value of $2.74 million.
IO Biotech Inc (IOBT) Insider Activity
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IO Biotech Inc disclosed in a document filed with the SEC on Jul 25 ’24 that Novo Holdings A/S (10% Owner) sold a total of 51,522 shares of the company’s common stock. The trade occurred on Jul 25 ’24 and was made at $1.33 per share for $68339.0. Following the transaction, the insider now directly holds 4.38 million shares of the IOBT stock.
Still, SEC filings show that on Jul 26 ’24, Novo Holdings A/S (10% Owner) disposed off 23,478 shares at an average price of $1.31 for $30787.0. The insider now directly holds 4,354,449 shares of IO Biotech Inc (IOBT).
