Inhibrx Inc [NASDAQ: INBX] traded at a low on Wednesday, posting a -0.70 loss after which it closed the day’ session at $34.11.
The results of the trading session contributed to over 7384939 shares changing hands. Over the past one week, the price volatility of Inhibrx Inc stands at 1.04% while the volatility over the past one month is 1.18%.
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The market cap for INBX stock reached $1.79 billion, with 47.37 million shares outstanding and 38.77 million shares in the current float. Compared to the average trading volume of 561.52K shares, INBX reached a trading volume of 7384939 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 $35.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on INBX stock is a recommendation set at 3.00. 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.
JMP Securities have made an estimate for Inhibrx Inc shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on January 23, 2024. While these analysts kept the previous recommendation, SMBC Nikko raised their target price to Outperform. The new note on the price target was released on March 16, 2022, representing the official price target for Inhibrx Inc stock. Previously, the target price had yet another raise to $46, while JMP Securities analysts kept a Mkt Outperform rating on INBX stock.
The Average True Range (ATR) for Inhibrx Inc is set at 0.41, with the Price to Sales ratio for INBX stock in the period of the last 12 months amounting to 1004.14. The Price to Book ratio for the last quarter was 145.17, with the Price to Cash per share for the same quarter was set at 4.82.
How has INBX stock performed recently?
Inhibrx Inc [INBX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.38. With this latest performance, INBX shares dropped by -0.15% in over the last four-week period, additionally plugging by 67.78% over the last 6 months – not to mention a rise of 41.18% 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 INBX stock in for the last two-week period is set at 44.27, with the RSI for the last a single of trading hit 43.27, and the three-weeks RSI is set at 44.97 for Inhibrx Inc [INBX]. The present Moving Average for the last 50 days of trading for this stock 34.54, while it was recorded at 34.24 for the last single week of trading, and 28.45 for the last 200 days.
Inhibrx Inc [INBX]: Deeper insight into the fundamentals
Inhibrx Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.82 and a Current Ratio set at 3.82.
Insider trade positions for Inhibrx Inc [INBX]
The top three institutional holders of INBX stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in INBX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in INBX stock with ownership which is approximately 5.8386%.
