Forte Biosciences Inc (NASDAQ: FBRX) is -13.32% lower on its value in year-to-date trading and has touched a low of $4.11 and a high of $28.68 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 FBRX stock was last observed hovering at around $14.17 in the last trading session, with the day’s gains setting it 40.57%.
Currently trading at $54.74K, the stock is -7.35% and 19.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.58 million and changing 1578525% at the moment leaves the stock 1.68% off its SMA200. FBRX registered -53.37% loss for a year compared to 6-month loss of -43.25%. The firm has a 50-day simple moving average (SMA 50) of $8.84006 and a 200-day simple moving average (SMA200) of $10.41536.
The stock witnessed a 24.73% gain in the last 1 month and extending the period to 3 months gives it a 24.44%, and is -14.46% 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 21.24% over the week and 11.25% over the month.
Forte Biosciences Inc (FBRX) has around 14 employees, a market worth around $69.72M and $0.00M in sales. Distance from 52-week low is 157.66% and -63.08% from its 52-week high. The company has generated returns on investments over the last 12 months (-113.76%).
The EPS is expected to grow by 61.77% this year
36.0 institutions hold shares in Forte Biosciences Inc (FBRX), with institutional investors hold 88.60% of the company’s shares. The shares outstanding are 6.58M, and float is at 5.33M with Short Float at 3.25%. Institutions hold 80.32% of the Float.
The top institutional shareholder in the company is TYBOURNE CAPITAL MANAGEMENT (HK) LTD with over 3.62 million shares valued at $1.95 million. The investor’s holdings represent 7.8653 of the FBRX Shares outstanding. As of 2024-06-30, the second largest holder is PERCEPTIVE ADVISORS LLC with 3.27 million shares valued at $1.75 million to account for 7.0858 of the shares outstanding. The other top investors are BVF INC/IL which holds 2.98 million shares representing 6.4712 and valued at over $1.6 million, while CABLE CAR CAPITAL LLC holds 4.4094 of the shares totaling 2.03 million with a market value of $1.09 million.
Forte Biosciences Inc (FBRX) Insider Activity
The most recent transaction is an insider purchase by Riley Antony A, the company’s CHIEF FINANCIAL OFFICER. SEC filings show that Riley Antony A bought 22,514 shares of the company’s common stock on Nov 21 ’24 at a price of $5.55 per share for a total of $0.12 million. Following the purchase, the insider now owns 30776.0 shares.
