A new trading day began on November 20, 2023, with Fortress Biotech Inc (NASDAQ: FBIO) stock priced at $2.28, up 33.97% from the previous day of trading. During the day, the shares moved up to $2.84 and dropped to $2.22 before settling in for the closing price of $2.09. FBIO’s price has ranged from $1.24 to $17.40 over the past 52 weeks.
Elon Musk just Triggered a BOOM in These Stocks
Something strange is happening in the stock market…. This select group of stocks are going absolutely bananas. And it's all because of Elon Musk. Get your copy of "Top 5 Tech Stocks to Buy in 2024"
Click Here to Download the FREE Report.
Sponsored
Annual sales at Healthcare sector company grew by 35.52% over the past five years. Meanwhile, its annual earnings per share averaged 13.66%. With a float of $4.51 million, this company’s outstanding shares have now reached $7.37 million.
Let’s look at the performance matrix of the company that is accounted for 187 employees. In terms of profitability, gross margin is +55.26, operating margin of -268.76, and the pretax margin is -281.83.
Fortress Biotech Inc (FBIO) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Biotechnology Industry. The insider ownership of Fortress Biotech Inc is 49.55%, while institutional ownership is 16.77%. The most recent insider transaction that took place on Nov 14, was worth 2,664,776. In this transaction President, CEO & Chairman of this company bought 1,567,515 shares at a rate of $1.70, taking the stock ownership to the 2,597,440 shares. Before that another transaction happened on Nov 14, when Company’s insider bought 147,058 for $1.70, making the entire transaction worth $249,999. This insider now owns 1,130,520 shares in total.
Fortress Biotech Inc (FBIO) Latest Financial update
In its latest quarterly report, released on 9/29/2023, the company reported earnings of -$0.94 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of -114.30 while generating a return on equity of -115.13. Wall Street market experts anticipate that the next fiscal year will bring earnings of -3 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 13.66% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 25.50% during the next five years compared to 9.51% growth over the previous five years of trading.
Fortress Biotech Inc (NASDAQ: FBIO) Trading Performance Indicators
Here are Fortress Biotech Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.89. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.31.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -24.57, a number that is poised to hit -2.77 in the next quarter and is forecasted to reach -2.15 in one year’s time.
Technical Analysis of Fortress Biotech Inc (FBIO)
Fortress Biotech Inc (NASDAQ: FBIO) saw its 5-day average volume 3.18 million, a positive change from its year-to-date volume of 0.13 million. As of the previous 9 days, the stock’s Stochastic %D was 59.86%. Additionally, its Average True Range was 0.38.
During the past 100 days, Fortress Biotech Inc’s (FBIO) raw stochastic average was set at 17.12%, which indicates a significant decrease from 97.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 297.98% in the past 14 days, which was higher than the 146.60% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.23, while its 200-day Moving Average is $7.87. Nevertheless, the first resistance level for the watch stands at $3.02 in the near term. At $3.24, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.64. If the price goes on to break the first support level at $2.40, it is likely to go to the next support level at $2.00. The third support level lies at $1.78 if the price breaches the second support level.
Fortress Biotech Inc (NASDAQ: FBIO) Key Stats
With a market capitalization of 25.03 million, the company has a total of 8,943K Shares Outstanding. Currently, annual sales are 75,740 K while annual income is -86,580 K. The company’s previous quarter sales were 17,390 K while its latest quarter income was -24,780 K.