Thursday, February 25, 2021

Market cap of Inhibrx Inc. [INBX] reaches 980.08M – now what?

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Inhibrx Inc. [NASDAQ: INBX] stock went on a downward path that fall over -29.77% on Tuesday, amounting to a one-week price decrease of less than -43.00%. The company report on February 2, 2021 that Inhibrx Announces Participation in Upcoming Investor Conference.

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Inhibrx, Inc. (Nasdaq: INBX), a clinical-stage biotechnology company focused on developing a broad pipeline of novel biologic therapeutic candidates, announced that the Company will be presenting at the following upcoming virtual investor conference:.


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Guggenheim Healthcare Talks: 2021 Oncology Days; Friday, February 12th, at 2 p.m. Pacific Time.

The one-year Inhibrx Inc. stock forecast points to a potential upside of 43.66. The average equity rating for INBX stock is currently 1.70, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $980.08 million, with 26.75 million shares outstanding and 24.76 million shares in the current float. Compared to the average trading volume of 106.56K shares, INBX stock reached a trading volume of 1069477 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Inhibrx Inc. [INBX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for INBX shares is $41.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on INBX stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Evercore ISI have made an estimate for Inhibrx Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 14, 2020. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Outperform. The new note on the price target was released on September 14, 2020, representing the official price target for Inhibrx Inc. stock.

The Average True Range (ATR) for Inhibrx Inc. is set at 4.68, with the Price to Sales ratio for INBX stock in the period of the last 12 months amounting to 94.47. The Price to Book ratio for the last quarter was 6.86, with the Price to Cash per share for the same quarter was set at 3.06.

INBX Stock Performance Analysis:

Inhibrx Inc. [INBX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -43.00.

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 INBX stock in for the last two-week period is set at 33.42, with the RSI for the last a single of trading hit 26.59, and the three-weeks RSI is set at 38.01 for Inhibrx Inc. [INBX]. The present Moving Average for the last 50 days of trading for this stock 37.00, while it was recorded at 33.90 for the last single week of trading.

Insight into Inhibrx Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Inhibrx Inc. [INBX] shares currently have an operating margin of -309.99. Inhibrx Inc.’s Net Margin is presently recorded at -389.07.

Additionally, INBX Total Debt to Total Capital is recorded at 1,319.78, with Total Debt to Total Assets ending up at 382.20.

Reflecting on the efficiency of the workforce at the company, Inhibrx Inc. [INBX] managed to generate an average of -$541,053 per employee. Receivables Turnover for the company is 23.42 with a Total Asset Turnover recorded at a value of 0.72.Inhibrx Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.80 and a Current Ratio set at 3.80.

Inhibrx Inc. [INBX] Insider Position Details

There are presently around $366 million, or 37.40% of INBX stock, in the hands of institutional investors. The top three institutional holders of INBX stocks are: VIKING GLOBAL INVESTORS LP with ownership of 5,305,866, which is approximately 0% of the company’s market cap and around 8.30% of the total institutional ownership; RA CAPITAL MANAGEMENT, L.P., holding 2,129,003 shares of the stock with an approximate value of $50.07 million in INBX stocks shares; and FMR LLC, currently with $37.58 million in INBX stock with ownership of nearly -8.435% of the company’s market capitalization.

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Positions in Inhibrx Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 39 institutional holders increased their position in Inhibrx Inc. [NASDAQ:INBX] by around 2,875,451 shares. Additionally, 16 investors decreased positions by around 1,121,091 shares, while 5 investors held positions by with 11,571,261 shares. The mentioned changes placed institutional holdings at 15,567,803 shares, according to the latest SEC report filing. INBX stock had 29 new institutional investments in for a total of 610,949 shares, while 9 institutional investors sold positions of 655,231 shares during the same period.

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