A share price of ImmunityBio Inc [IBRX] is currently trading at $3.65, up 13.00%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The IBRX shares have gain 6.41% over the last week, with a monthly amount glided 4.58%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
ImmunityBio Inc [NASDAQ: IBRX] stock has seen the most recent analyst activity on May 12, 2023, when Piper Sandler downgraded its rating to a Neutral and also revised its price target to $4 from $10. Previously, Jefferies started tracking the stock with Buy rating on August 03, 2022, and set its price target to $8.
ImmunityBio Inc experienced fluctuations in its stock price throughout the past year between $1.25 and $10.53. Currently, Wall Street analysts expect the stock to reach $8 within the next 12 months. ImmunityBio Inc [NASDAQ: IBRX] shares were valued at $3.65 at the most recent close of the market. An investor can expect a potential return of 119.18% based on the average IBRX price forecast.
Analyzing the IBRX fundamentals
Trailing Twelve Months sales for ImmunityBio Inc [NASDAQ:IBRX] were 1.31M which represents 2453.66% growth. Gross Profit Margin for this corporation currently stands at -12.85% with Operating Profit Margin at -274.59%, Pretax Profit Margin comes in at -456.98%, and Net Profit Margin reading is -456.92%. To continue investigating profitability, this company’s Return on Assets is posted at -1.35, Equity is 1.0 and Total Capital is -0.94. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -1.38.
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 3.32 points at the first support level, and at 3.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.85, and for the 2nd resistance point, it is at 4.05.
Ratios To Look Out For
To put it in perspective, the Current Ratio for ImmunityBio Inc [NASDAQ:IBRX] is 3.91. Also, the Quick Ratio is 3.88, while the Cash Ratio stands at 2.09. Considering the valuation of this stock, the price to sales ratio is 1940.71.
