Wednesday, December 2, 2020

Fortress Biotech Inc. [FBIO] Stock trading around $2.32 per share: What’s Next?

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Fortress Biotech Inc. [NASDAQ: FBIO] loss -4.73% on the last trading session, reaching $2.32 price per share at the time. The company report on October 26, 2020 that Mustang Bio Announces Initial Phase 1 Data on MB-105 for Patients with PSCA-positive Castration Resistant Prostate Cancer.

Data presented by City of Hope at 27th Annual Prostate Cancer Foundation Scientific Retreat.


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Mustang Bio, Inc. (“Mustang”) (NASDAQ: MBIO), a clinical-stage biopharmaceutical company focused on translating today’s medical breakthroughs in cell and gene therapies into potential cures for hematologic cancers, solid tumors and rare genetic diseases, today announced that one patient‘s experience on the Phase 1 trial of MB-105, a prostate stem cell antigen (PSCA) chimeric antigen receptor (CAR) T administered systemically to patients with PSCA-positive metastatic castration-resistant prostate cancer (mCRPC), was presented at the virtual 27th Annual Prostate Cancer Foundation Scientific Retreat.

Fortress Biotech Inc. represents 68.55 million in outstanding shares, while the company has a total market value of $206.08 million with the latest information. FBIO stock price has been found in the range of $2.24 to $2.42.

If compared to the average trading volume of 1.63M shares, FBIO reached a trading volume of 1878667 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Fortress Biotech Inc. [FBIO]:

The Benchmark Company have made an estimate for Fortress Biotech Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 02, 2020. While these analysts kept the previous recommendation, B. Riley FBR raised their target price to Buy. The new note on the price target was released on December 18, 2019, representing the official price target for Fortress Biotech Inc. stock. Previously, the target price had yet another raise to $10, while B. Riley FBR Inc. analysts kept a Buy rating on FBIO stock.

The Average True Range (ATR) for Fortress Biotech Inc. is set at 0.27, with the Price to Sales ratio for FBIO stock in the period of the last 12 months amounting to 4.76. The Price to Book ratio for the last quarter was 2.63.

Trading performance analysis for FBIO stock

Fortress Biotech Inc. [FBIO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.92. With this latest performance, FBIO shares dropped by -40.64% in over the last four-week period, additionally plugging by 9.72% over the last 6 months – not to mention a rise of 72.76% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FBIO stock in for the last two-week period is set at 26.88, with the RSI for the last a single of trading hit 20.60, and the three-weeks RSI is set at 32.46 for Fortress Biotech Inc. [FBIO]. The present Moving Average for the last 50 days of trading for this stock 3.66, while it was recorded at 2.52 for the last single week of trading, and 2.76 for the last 200 days.

Fortress Biotech Inc. [FBIO]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Fortress Biotech Inc. [FBIO] shares currently have an operating margin of -302.54 and a Gross Margin at +66.00. Fortress Biotech Inc.’s Net Margin is presently recorded at -109.09.

Return on Total Capital for FBIO is now -78.61, given the latest momentum, and Return on Invested Capital for the company is -42.14. Return on Equity for this stock declined to -284.75, with Return on Assets sitting at -21.75. When it comes to the capital structure of this company, Fortress Biotech Inc. [FBIO] has a Total Debt to Total Equity ratio set at 420.19. Additionally, FBIO Total Debt to Total Capital is recorded at 80.78, with Total Debt to Total Assets ending up at 48.65. Long-Term Debt to Equity for the company is recorded at 385.85, with the Long-Term Debt to Total Capital now at 74.17.

Reflecting on the efficiency of the workforce at the company, Fortress Biotech Inc. [FBIO] managed to generate an average of -$429,677 per employee. Receivables Turnover for the company is 3.33 with a Total Asset Turnover recorded at a value of 0.20.Fortress Biotech Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.50 and a Current Ratio set at 3.50.

Fortress Biotech Inc. [FBIO]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Fortress Biotech Inc. posted -0.22/share EPS, while the average EPS was predicted by analysts to be reported at -0.3/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 26.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FBIO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Fortress Biotech Inc. go to 43.40%.

An analysis of insider ownership at Fortress Biotech Inc. [FBIO]

There are presently around $53 million, or 26.50% of FBIO stock, in the hands of institutional investors. The top three institutional holders of FBIO stocks are: NANTAHALA CAPITAL MANAGEMENT, LLC with ownership of 4,424,938, which is approximately 141.959% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 3,991,216 shares of the stock with an approximate value of $9.24 million in FBIO stocks shares; and OPALEYE MANAGEMENT INC., currently with $8.87 million in FBIO stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Fortress Biotech Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 52 institutional holders increased their position in Fortress Biotech Inc. [NASDAQ:FBIO] by around 11,008,987 shares. Additionally, 17 investors decreased positions by around 1,264,616 shares, while 17 investors held positions by with 10,507,937 shares. The mentioned changes placed institutional holdings at 22,781,540 shares, according to the latest SEC report filing. FBIO stock had 29 new institutional investments in for a total of 1,557,225 shares, while 13 institutional investors sold positions of 1,222,609 shares during the same period.

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