Market cap of ImmunityBio Inc. [IBRX] reaches 12.75B – now what?

ImmunityBio Inc. [NASDAQ: IBRX] traded at a low on 03/23/21, posting a -9.69 loss after which it closed the day’ session at $34.41. The company report on March 22, 2021 that ImmunityBio Announces NIH-Led Research Affirming that PD-L1 T-haNK Therapy Overcomes T-Cell Escape in Multiple Types of Resistant Tumors.

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Checkpoint therapy alone is unlikely to lead to durable tumor control or a cure in patients with solid tumors that harbor DNA mutations that make them invisible to T cells.

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This study supports ImmunityBio’s hypothesis of combining NK cells with T cell activation in Phase 2/3 trials in metastatic pancreatic and lung cancers.

The results of the trading session contributed to over 1049256 shares changing hands. Over the past one week, the price volatility of ImmunityBio Inc. stands at 11.59% while the volatility over the past one month is 14.15%.

The market cap for IBRX stock reached $12.75 billion, with 108.64 million shares outstanding and 35.19 million shares in the current float. Compared to the average trading volume of 1.58M shares, IBRX reached a trading volume of 1049256 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about ImmunityBio Inc. [IBRX]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IBRX shares is $18.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IBRX 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.

The Average True Range (ATR) for ImmunityBio Inc. is set at 4.37, with the Price to Sales ratio for IBRX stock in the period of the last 12 months amounting to 127509.70. The Price to Book ratio for the last quarter was 31.86, with the Price to Cash per share for the same quarter was set at 0.18.

How has IBRX stock performed recently?

ImmunityBio Inc. [IBRX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.30. With this latest performance, IBRX shares dropped by -18.56% in over the last four-week period, additionally plugging by 327.45% over the last 6 months – not to mention a rise of 1120.21% 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 IBRX stock in for the last two-week period is set at 54.53, with the RSI for the last a single of trading hit 53.05, and the three-weeks RSI is set at 55.75 for ImmunityBio Inc. [IBRX]. The present Moving Average for the last 50 days of trading for this stock 27.09, while it was recorded at 35.67 for the last single week of trading, and 14.14 for the last 200 days.

ImmunityBio Inc. [IBRX]: Deeper insight into the fundamentals

ImmunityBio Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.10 and a Current Ratio set at 3.10.

Earnings analysis for ImmunityBio Inc. [IBRX]

With the latest financial reports released by the company, ImmunityBio Inc. posted -0.19/share EPS, while the average EPS was predicted by analysts to be reported at -0.17/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -11.80%. 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 IBRX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ImmunityBio Inc. go to -1.70%.

Insider trade positions for ImmunityBio Inc. [IBRX]

There are presently around $402 million, or 3.10% of IBRX stock, in the hands of institutional investors. The top three institutional holders of IBRX stocks are: BLACKROCK INC. with ownership of 3,303,410, which is approximately 56.809% of the company’s market cap and around 8.60% of the total institutional ownership; VANGUARD GROUP INC, holding 2,027,882 shares of the stock with an approximate value of $69.78 million in IBRX stocks shares; and STATE STREET CORP, currently with $22.96 million in IBRX stock with ownership of nearly 25.097% of the company’s market capitalization.

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63 institutional holders increased their position in ImmunityBio Inc. [NASDAQ:IBRX] by around 3,659,571 shares. Additionally, 46 investors decreased positions by around 2,164,226 shares, while 17 investors held positions by with 5,858,036 shares. The mentioned changes placed institutional holdings at 11,681,833 shares, according to the latest SEC report filing. IBRX stock had 31 new institutional investments in for a total of 1,052,830 shares, while 22 institutional investors sold positions of 1,884,400 shares during the same period.

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