A share price of Inhibrx Inc [INBX] is currently trading at $39.56, up 2.25%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The INBX shares have gain 3.94% over the last week, with a monthly amount glided 5.21%, and seem to be holding up well over a long-time horizon.
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On 23, January 2024, Inhibrx Announces Sale of INBRX-101 to Sanofi for an aggregate value of up to $2.2B. In a post published today on Yahoo Finance, Inhibrx, Inc. shareholders will receive per share consideration of $30 per share in cash, a CVR equal to $5, plus 0.25 shares in New Inhibrx, a new publicly traded company that retains all non-101 assets of Inhibrx, Inc.
From an analyst’s perspective:
Inhibrx Inc [NASDAQ: INBX] stock has seen the most recent analyst activity on January 23, 2024, when JMP Securities downgraded its rating to a Mkt Perform. Previously, SMBC Nikko started tracking the stock with Outperform rating on March 16, 2022, and set its price target to $40. On September 21, 2021, JMP Securities initiated with a Mkt Outperform rating and assigned a price target of $46 on the stock. Evercore ISI initiated its recommendation with a Outperform and recommended $30 as its price target on September 14, 2020. Credit Suisse started tracking with a Outperform rating for this stock on September 14, 2020, and assigned it a price target of $26.
Inhibrx Inc experienced fluctuations in its stock price throughout the past year between $14.31 and $39.50. Inhibrx Inc [NASDAQ: INBX] shares were valued at $39.56 at the most recent close of the market.
Analyzing the INBX fundamentals
Trailing Twelve Months sales for Inhibrx Inc [NASDAQ:INBX] were 0.44M which represents -57.19% decline. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 38.66 points at the first support level, and at 37.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.12, and for the 2nd resistance point, it is at 40.69.
Inhibrx Inc [INBX] reported earnings per share of -$1.1 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$1.01/share, meaning a difference of -$0.09 and a surprise factor of -8.90%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$1.08 per share as compared to estimates of -$1.03 per share, a difference of -$0.05 representing a surprise of -4.90%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Inhibrx Inc [NASDAQ:INBX] is 10.16. Further, the Quick Ratio stands at 10.16, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 4259.89, the price to book ratio is 14.44.
Transactions by insiders
Recent insider trading involved VIKING GLOBAL INVESTORS LP, 10% Owner, that happened on Aug 28 when 0.51 million shares were purchased. Chief Scientific Officer, Eckelman Brendan P. completed a deal on Mar 01 to sell 40000.0 shares.
