Fortress Biotech Inc (NASDAQ: FBIO) on Friday, soared 6.94% from the previous trading day, before settling in for the closing price of $1.73. Within the past 52 weeks, FBIO’s price has moved between $1.24 and $4.43.
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During the last 5-year period, the sales growth of Healthcare Sector giant was 26.66%. The company achieved an average annual earnings per share of 63.40%. With a float of $21.89 million, this company’s outstanding shares have now reached $27.56 million.
Let’s determine the extent of company efficiency that accounts for 186 employees. In terms of profitability, gross margin is 68.3%, operating margin of -118.39%, and the pretax margin is -85.08%.
Fortress Biotech Inc (FBIO) Breakdown of a Key Holders of the stock
Observing investor behavior towards Biotechnology industry stocks is more important than anything else. The insider ownership of Fortress Biotech Inc is 20.58%, while institutional ownership is 13.33%. The most recent insider transaction that took place on Sep 23 ’24, was worth 1,404,581. In this transaction PRESIDENT, CEO & CHAIRMAN of this company bought 763,359 shares at a rate of $1.84, taking the stock ownership to the 3,657,264 shares. Before that another transaction happened on Jul 11 ’24, when Company’s President, CEO & Chairman bought 5,000 for $7.48, making the entire transaction worth $37,418. This insider now owns 127,500 shares in total.
Fortress Biotech Inc (FBIO) Recent Fiscal highlights
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.94 earnings per share (EPS) for the period topping the consensus outlook (set at -3.21) by 2.27. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.74 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 63.40% 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 22.28% growth over the previous five years of trading.
Fortress Biotech Inc (NASDAQ: FBIO) Trading Performance Indicators
Fortress Biotech Inc (FBIO) is currently performing well based on its current performance indicators. A quick ratio of 1.24 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.62.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -16.62, a number that is poised to hit -0.59 in the next quarter and is forecasted to reach -1.76 in one year’s time.
Technical Analysis of Fortress Biotech Inc (FBIO)
Looking closely at Fortress Biotech Inc (NASDAQ: FBIO), its last 5-days average volume was 0.48 million, which is a jump from its year-to-date volume of 0.37 million. As of the previous 9 days, the stock’s Stochastic %D was 64.37%. Additionally, its Average True Range was 0.11.
During the past 100 days, Fortress Biotech Inc’s (FBIO) raw stochastic average was set at 32.25%, which indicates a significant decrease from 92.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.98% in the past 14 days, which was lower than the 73.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.7688, while its 200-day Moving Average is $1.8644. However, in the short run, Fortress Biotech Inc’s stock first resistance to watch stands at $1.9167. Second resistance stands at $1.9833. The third major resistance level sits at $2.0867. If the price goes on to break the first support level at $1.7467, it is likely to go to the next support level at $1.6433. Now, if the price goes above the second support level, the third support stands at $1.5767.
Fortress Biotech Inc (NASDAQ: FBIO) Key Stats
Market capitalization of the company is 50.99 million based on 20,412K outstanding shares. Right now, sales total 84,510 K and income totals -60,640 K. The company made 14,900 K in profit during its latest quarter, and -10,950 K in sales during its previous quarter.
