Currently, Fortress Biotech Inc [FBIO] is trading at $2.02, up 9.19%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FBIO shares have gain 13.48% over the last week, with a monthly amount glided 35.57%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Ladenburg Thalmann started tracking the stock with Buy rating on August 04, 2022, and set its price target to $6. On October 02, 2020, The Benchmark Company initiated with a Buy rating and assigned a price target of $9 on the stock. B. Riley FBR started tracking the stock assigning a Buy rating and suggested a price target of $9 on December 18, 2019. B. Riley FBR Inc. initiated its recommendation with a Buy and recommended $10 as its price target on February 28, 2018. Rodman & Renshaw started tracking with a Buy rating for this stock on July 11, 2017, and assigned it a price target of $11. In a note dated March 22, 2017, JMP Securities initiated an Mkt Outperform rating.
This stock has fluctuated between a low of $1.24 and a high of $4.43 over the last 52 weeks. Fortress Biotech Inc [NASDAQ: FBIO] shares were valued at $2.02 at the most recent close of the market.
Analyzing the FBIO fundamentals
Trailing Twelve Months sales for Fortress Biotech Inc [NASDAQ:FBIO] were 82.62M which represents -14.32% decline. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at -1.18%, Pretax Profit Margin comes in at -0.85%, and Net Profit Margin reading is -0.55%. To continue investigating profitability, this company’s Return on Assets is posted at -0.31, Equity is -2.27 and Total Capital is -1.39. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 4.05.
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 1.9400 points at the first support level, and at 1.8600 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.0700, and for the 2nd resistance point, it is at 2.1200.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Fortress Biotech Inc [NASDAQ:FBIO] is 1.37. Also, the Quick Ratio is 1.24, while the Cash Ratio stands at 1.01. Considering the valuation of this stock, the price to sales ratio is 0.67, the price to book ratio is 2.55.
Transactions by insiders
Recent insider trading involved ROSENWALD LINDSAY A MD, PRESIDENT, CEO & CHAIRMAN, that happened on Sep 23 ’24 when 0.76 million shares were purchased. President, CEO & Chairman, ROSENWALD LINDSAY A MD completed a deal on Jul 11 ’24 to buy 5000.0 shares. Meanwhile, Chief Financial Officer Jin David bought 500.0 shares on Jul 10 ’24.
