IO Biotech Inc (NASDAQ: IOBT) kicked off on Monday, up 5.95% from the previous trading day, before settling in for the closing price of $0.71. Over the past 52 weeks, IOBT has traded in a range of $0.66-$2.10.
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While this was happening, its average annual earnings per share was recorded 31.62%. With a float of $44.87 million, this company’s outstanding shares have now reached $65.88 million.
Let’s determine the extent of company efficiency that accounts for 68 employees. In terms of profitability, gross margin is 43.6%, operating margin of -8686.22%, and the pretax margin is -8017.03%.
IO Biotech Inc (IOBT) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Biotechnology Industry. The insider ownership of IO Biotech Inc is 31.89%, while institutional ownership is 41.67%. The most recent insider transaction that took place on Sep 11 ’24, was worth 844,000. Before that another transaction happened on Jul 25 ’24, when Company’s 10% Owner sold 51,522 for $1.33, making the entire transaction worth $68,339. This insider now owns 4,377,927 shares in total.
IO Biotech Inc (IOBT) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported -0.37 earnings per share (EPS), higher than consensus estimate (set at -0.44) by 0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 31.62% per share during the next fiscal year.
IO Biotech Inc (NASDAQ: IOBT) Trading Performance Indicators
Take a look at IO Biotech Inc’s (IOBT) current performance indicators. Last quarter, stock had a quick ratio of 5.37.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.37, a number that is poised to hit -0.39 in the next quarter and is forecasted to reach -1.25 in one year’s time.
Technical Analysis of IO Biotech Inc (IOBT)
Looking closely at IO Biotech Inc (NASDAQ: IOBT), its last 5-days average volume was 1.49 million, which is a jump from its year-to-date volume of 0.26 million. As of the previous 9 days, the stock’s Stochastic %D was 13.43%. Additionally, its Average True Range was 0.12.
During the past 100 days, IO Biotech Inc’s (IOBT) raw stochastic average was set at 8.41%, which indicates a significant decrease from 14.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 120.85% in the past 14 days, which was lower than the 132.01% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.0871, while its 200-day Moving Average is $1.3311. However, in the short run, IO Biotech Inc’s stock first resistance to watch stands at $0.7853. Second resistance stands at $0.8207. The third major resistance level sits at $0.8633. If the price goes on to break the first support level at $0.7073, it is likely to go to the next support level at $0.6647. Should the price break the second support level, the third support level stands at $0.6293.
IO Biotech Inc (NASDAQ: IOBT) Key Stats
The company with the Market Capitalisation of 49.41 million has total of 65,881K Shares Outstanding. Its annual sales at the moment are 0 K in contrast with the sum of -86,080 K annual income. Company’s last quarter sales were recorded 0 K and last quarter income was -24,020 K.
