iBio Inc. [AMEX: IBIO] traded at a low on 02/23/21, posting a -1.46 loss after which it closed the day’ session at $2.02. The company report on February 17, 2021 that iBio Reports Fiscal Second Quarter 2021 Financial Results and Provides Corporate Update.
iBio, Inc. (NYSEA:IBIO) (“iBio” or the “Company”), a biotech innovator and biologics contract manufacturing organization, announced its financial results for the fiscal quarter ended December 31, 2020.
“We successfully executed against our strategic priorities during the quarter as we continued to transform the Company by advancing our pipeline, diversifying our customer base, and growing our revenues,” said Tom Isett, Chairman & CEO of iBio.
The results of the trading session contributed to over 11695371 shares changing hands. Over the past one week, the price volatility of iBio Inc. stands at 12.04% while the volatility over the past one month is 13.11%.
The market cap for IBIO stock reached $449.47 million, with 216.01 million shares outstanding and 215.41 million shares in the current float. Compared to the average trading volume of 17.95M shares, IBIO reached a trading volume of 11695371 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about iBio Inc. [IBIO]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IBIO shares is $2.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IBIO stock is a recommendation set at 2.00. 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.
Cantor Fitzgerald have made an estimate for iBio Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 22, 2021. While these analysts kept the previous recommendation, Alliance Global Partners raised their target price to Buy. The new note on the price target was released on June 26, 2020, representing the official price target for iBio Inc. stock.
The Average True Range (ATR) for iBio Inc. is set at 0.27, with the Price to Sales ratio for IBIO stock in the period of the last 12 months amounting to 195.42. The Price to Book ratio for the last quarter was 3.54, with the Price to Cash per share for the same quarter was set at 0.48.
How has IBIO stock performed recently?
iBio Inc. [IBIO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.30. With this latest performance, IBIO shares gained by 14.77% in over the last four-week period, additionally plugging by 18.82% over the last 6 months – not to mention a rise of 551.61% 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 IBIO stock in for the last two-week period is set at 51.69, with the RSI for the last a single of trading hit 46.97, and the three-weeks RSI is set at 53.47 for iBio Inc. [IBIO]. The present Moving Average for the last 50 days of trading for this stock 1.60, while it was recorded at 2.03 for the last single week of trading, and 2.05 for the last 200 days.
iBio Inc. [IBIO]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and iBio Inc. [IBIO] shares currently have an operating margin of -854.88. iBio Inc.’s Net Margin is presently recorded at -1003.60.
Return on Total Capital for IBIO is now -23.97, given the latest momentum, and Return on Invested Capital for the company is -28.32. Return on Equity for this stock declined to -55.65, with Return on Assets sitting at -26.35. When it comes to the capital structure of this company, iBio Inc. [IBIO] has a Total Debt to Total Equity ratio set at 58.12. Additionally, IBIO Total Debt to Total Capital is recorded at 36.76, with Total Debt to Total Assets ending up at 34.94. Long-Term Debt to Equity for the company is recorded at 57.13, with the Long-Term Debt to Total Capital now at 36.13.
Reflecting on the efficiency of the workforce at the company, iBio Inc. [IBIO] managed to generate an average of -$4,109,750 per employee. Receivables Turnover for the company is 0.57 with a Total Asset Turnover recorded at a value of 0.03.iBio Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 18.00 and a Current Ratio set at 18.20.
Insider trade positions for iBio Inc. [IBIO]
There are presently around $62 million, or 13.20% of IBIO stock, in the hands of institutional investors. The top three institutional holders of IBIO stocks are: BLACKROCK INC. with ownership of 11,575,051, which is approximately 112.46% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 3,698,318 shares of the stock with an approximate value of $7.47 million in IBIO stocks shares; and GEODE CAPITAL MANAGEMENT, LLC, currently with $4.99 million in IBIO stock with ownership of nearly 64.899% of the company’s market capitalization.
Positions in iBio Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 62 institutional holders increased their position in iBio Inc. [AMEX:IBIO] by around 15,563,372 shares. Additionally, 27 investors decreased positions by around 784,059 shares, while 14 investors held positions by with 14,210,628 shares. The mentioned changes placed institutional holdings at 30,558,059 shares, according to the latest SEC report filing. IBIO stock had 21 new institutional investments in for a total of 1,872,977 shares, while 13 institutional investors sold positions of 175,574 shares during the same period.