iBio Inc. (AMEX: IBIO)’s stock price has increased by 10.33 compared to its previous closing price of 1.84. Despite this, the company has seen a gain of 23.03% in its stock price over the last five trading days.
Is It Worth Investing in iBio Inc. (AMEX: IBIO) Right Now?
Additionally, the 36-month beta value for IBIO is -3.33. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The average price predicted by analysts for IBIO is $1.00, which is -$1.03 below the current price. The public float for IBIO is 8.78M and currently, short sellers hold a 23.09% ratio of that float. The average trading volume of IBIO on March 17, 2023 was 3.40M shares.
IBIO’s Market Performance
IBIO stock saw an increase of 23.03% in the past week, with a monthly gain of 130.66% and a quarterly increase of 244.07%. The volatility ratio for the week is 16.12%, and the volatility levels for the last 30 days are 23.05% for iBio Inc. (IBIO). The simple moving average for the last 20 days is 34.03% for IBIO stock, with a simple moving average of -46.58% for the last 200 days.
Analysts’ Opinion of IBIO
Many brokerage firms have already submitted their reports for IBIO stocks, with JMP Securities repeating the rating for IBIO by listing it as a “Mkt Outperform.” The predicted price for IBIO in the upcoming period, according to JMP Securities is $1.50 based on the research report published on November 29th of the previous year 2021.
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see IBIO reach a price target of $3. The rating they have provided for IBIO stocks is “Overweight” according to the report published on January 22nd, 2021.
Alliance Global Partners gave a rating of “Buy” to IBIO, setting the target price at $2.55 in the report published on June 26th of the previous year.
IBIO Trading at 89.28% from the 50-Day Moving Average
After a stumble in the market that brought IBIO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -87.70% of loss for the given period.
Volatility was left at 23.05%, however, over the last 30 days, the volatility rate increased by 16.12%, as shares surge +138.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +207.58% upper at present.
During the last 5 trading sessions, IBIO rose by +23.03%, which changed the moving average for the period of 200-days by -68.16% in comparison to the 20-day moving average, which settled at $1.5700. In addition, iBio Inc. saw 356.80% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at IBIO starting from Brenner Martin, who sale 3,976 shares at the price of $1.77 back on Feb 21. After this action, Brenner Martin now owns 221,372 shares of iBio Inc., valued at $7,038 using the latest closing price.
Stock Fundamentals for IBIO
Current profitability levels for the company are sitting at:
- -2085.19 for the present operating margin
- -43.01 for the gross margin
The net margin for iBio Inc. stands at -2110.91. Equity return is now at value -154.50, with -92.40 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.48.
Conclusion
In conclusion, iBio Inc. (IBIO) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
