The key reasons why IO Biotech Inc (IOBT) is -67.49% away from 52-week high?

IO Biotech Inc (NASDAQ: IOBT) started the day on Thursday, with a price decrease of -16.89% at $0.68, before settling in for the price of $0.82 at the close. Taking a more long-term approach, IOBT posted a 52-week range of $0.73-$2.10.

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The Healthcare Sector giants’ yearly sales growth during the last 5-year period was 0.00%. Meanwhile, its Annual Earning per share during the time was -46.06%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 31.62%. This publicly-traded company’s shares outstanding now amounts to $65.88 million, simultaneously with a float of $44.87 million. The organization now has a market capitalization sitting at $44.93 million. At the time of writing, stock’s 50-day Moving Average stood at $1.0885, while the 200-day Moving Average is $1.3412.

IO Biotech Inc (IOBT) Ownership Facts and Figures

Now let’s turn our focus to how large-scale investors are working with this stock of the Biotechnology Industry. IO Biotech Inc’s current insider ownership accounts for 31.89%, in contrast to 41.67% institutional ownership. Preceding that transaction, on Jul 25 ’24, Company’s 10% Owner sold 51,522 for 1.33, making the whole transaction’s value amount to 68,339. This particular insider is now the holder of 4,377,927 in total.

IO Biotech Inc (IOBT) Earnings and Revenue Records

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.

IO Biotech Inc’s EPS increase for this current 12-month fiscal period is 31.62% and is forecasted to reach -1.25 in the upcoming year.

IO Biotech Inc (NASDAQ: IOBT) Trading Performance Indicators

Let’s observe the current performance indicators for IO Biotech Inc (IOBT). It’s Quick Ratio in the last reported quarter now stands at 5.37. The Stock has managed to achieve an average true range (ATR) of 0.13.

In the same vein, IOBT’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -1.37, a figure that is expected to reach -0.39 in the next quarter, and analysts are predicting that it will be -1.25 at the market close of one year from today.

Technical Analysis of IO Biotech Inc (IOBT)

If we take a close look at the recent performances of IO Biotech Inc (NASDAQ: IOBT), its last 5-days Average volume was 1.23 million that shows progress from its year to date volume of 0.25 million. During the previous 9 days, stock’s Stochastic %D was recorded 8.70% While, its Average True Range was 0.1343.

Raw Stochastic average of IO Biotech Inc (IOBT) in the period of the previous 100 days is set at 2.06%, which indicates a major fall in contrast to 3.49% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 109.03% that was lower than 132.00% volatility it exhibited in the past 100-days period.