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IO Biotech Inc. (IOBT): Skating on Thin Ice? We Know the Answer

IO Biotech Inc. (NASDAQ:IOBT) went up by 3.15% from its latest closing price compared to the recent 1-year high of $9.77. The company’s stock price has collected 5.22% of gains in the last five trading sessions.

Is It Worth Investing in IO Biotech Inc. (NASDAQ :IOBT) Right Now?

Opinions of the stock are interesting as 5 analysts out of 5 who provided ratings for IO Biotech Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $15.00, which is $12.38 above the current price. IOBT currently public float of 25.61M and currently shorts hold a 0.17% ratio of that float. Today, the average trading volume of IOBT was 86.86K shares.

IOBT’s Market Performance

IOBT stocks went up by 5.22% for the week, with a monthly drop of -2.96% and a quarterly performance of 5.65%, while its annual performance rate touched -64.16%. The volatility ratio for the week stands at 7.77% while the volatility levels for the past 30 days are set at 11.09% for IO Biotech Inc. The simple moving average for the period of the last 20 days is 3.64% for IOBT stocks with a simple moving average of -35.40% for the last 200 days.

IOBT Trading at -2.64% from the 50-Day Moving Average

After a stumble in the market that brought IOBT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -73.18% of loss for the given period.

Volatility was left at 11.09%, however, over the last 30 days, the volatility rate increased by 7.77%, as shares sank -5.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.91% upper at present.

During the last 5 trading sessions, IOBT rose by +5.22%, which changed the moving average for the period of 200-days by -53.79% in comparison to the 20-day moving average, which settled at $2.52. In addition, IO Biotech Inc. saw 13.91% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for IOBT

Equity return is now at value -40.40, with -38.40 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 21.52.

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