IN8bio Inc (NASDAQ: INAB) is -81.57% lower on its value in year-to-date trading and has touched a low of $0.22 and a high of $1.93 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 INAB stock was last observed hovering at around $0.23 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $0.25, the stock is -12.16% and -16.67% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.65 million and changing 8.44% at the moment leaves the stock -63.28% off its SMA200. INAB registered -82.21% loss for a year compared to 6-month loss of -71.71%. The firm has a 50-day simple moving average (SMA 50) of $0.30496 and a 200-day simple moving average (SMA200) of $0.697945.
The stock witnessed a -16.26% gain in the last 1 month and extending the period to 3 months gives it a -10.74%, and is -5.25% 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 10.74% over the week and 11.58% over the month.
IN8bio Inc (INAB) has around 31 employees, a market worth around $18.43M and $0.00M in sales. Distance from 52-week low is 17.24% and -86.82% from its 52-week high. The company has generated returns on investments over the last 12 months (-258.49%).
The EPS is expected to grow by 43.67% this year
29.0 institutions hold shares in IN8bio Inc (INAB), with institutional investors hold 59.23% of the company’s shares. The shares outstanding are 72.48M, and float is at 57.73M with Short Float at 1.67%. Institutions hold 46.46% of the Float.
The top institutional shareholder in the company is AIGH CAPITAL MANAGEMENT LLC with over 2.13 million shares valued at $1.8 million. The investor’s holdings represent 4.9157 of the INAB Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 1.42 million shares valued at $1.21 million to account for 3.2892 of the shares outstanding. The other top investors are ENSIGN PEAK ADVISORS, INC which holds 1.12 million shares representing 2.5832 and valued at over $0.95 million, while ALYESKA INVESTMENT GROUP, L.P. holds 1.4807 of the shares totaling 0.64 million with a market value of $0.76 million.
