Fortress Biotech Inc (NASDAQ: FBIO) kicked off on Friday, up 16.39% from the previous trading day, before settling in for the closing price of $1.83. Over the past 52 weeks, FBIO has traded in a range of $1.36-$4.43.
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Annual sales at Healthcare sector company grew by 26.66% over the past five years. While this was happening, its average annual earnings per share was recorded 58.60%. With a float of $21.92 million, this company’s outstanding shares have now reached $27.60 million.
Let’s look at the performance matrix of the company that is accounted for 186 employees. In terms of profitability, gross margin is 59.95%, operating margin of -169.77%, and the pretax margin is -162.85%.
Fortress Biotech Inc (FBIO) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Biotechnology Industry. The insider ownership of Fortress Biotech Inc is 20.58%, while institutional ownership is 16.55%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 58.60% 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
Take a look at Fortress Biotech Inc’s (FBIO) current performance indicators. Last quarter, stock had a quick ratio of 1.06. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.10.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.27, a number that is poised to hit -0.75 in the next quarter and is forecasted to reach -1.48 in one year’s time.
Technical Analysis of Fortress Biotech Inc (FBIO)
Fortress Biotech Inc (NASDAQ: FBIO) saw its 5-day average volume 0.61 million, a positive change from its year-to-date volume of 0.39 million. As of the previous 9 days, the stock’s Stochastic %D was 92.34%. Additionally, its Average True Range was 0.13.
During the past 100 days, Fortress Biotech Inc’s (FBIO) raw stochastic average was set at 50.49%, which indicates a significant decrease from 94.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 95.25% in the past 14 days, which was higher than the 81.03% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.68, while its 200-day Moving Average is $1.85. Nevertheless, the first resistance level for the watch stands at $2.24 in the near term. At $2.36, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.54. If the price goes on to break the first support level at $1.94, it is likely to go to the next support level at $1.76. Assuming the price breaks the second support level, the third support level stands at $1.64.
Fortress Biotech Inc (NASDAQ: FBIO) Key Stats
The company with the Market Capitalisation of 68.44 million has total of 27,605K Shares Outstanding. Its annual sales at the moment are 84,510 K in contrast with the sum of -60,640 K annual income. Company’s last quarter sales were recorded 14,630 K and last quarter income was -12,870 K.
