IO Biotech Inc [NASDAQ: IOBT] jumped around 0.03 points on Monday, while shares priced at $0.78 at the close of the session, up 3.22%.
Compared to the average trading volume of 229.31K shares, IOBT reached a trading volume of 5316487 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about IO Biotech Inc [IOBT]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IOBT shares is $8.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IOBT stock is a recommendation set at 1.33. 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 IO Biotech Inc is set at 0.12 The Price to Book ratio for the last quarter was 0.53, with the Price to Cash per share for the same quarter was set at 1.53.
How has IOBT stock performed recently?
IO Biotech Inc [IOBT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.68. With this latest performance, IOBT shares dropped by -42.58% in over the last four-week period, additionally sinking by -53.02% over the last 6 months – not to mention a drop of -47.27% 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 IOBT stock in for the last two-week period is set at 28.90, with the RSI for the last a single of trading hit 23.11, and the three-weeks RSI is set at 33.37 for IO Biotech Inc [IOBT]. The present Moving Average for the last 50 days of trading for this stock 1.2980, while it was recorded at 0.7998 for the last single week of trading, and 1.4729 for the last 200 days.
IO Biotech Inc [IOBT]: Deeper insight into the fundamentals
IO Biotech Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 7.84 and a Current Ratio set at 7.84.
Insider trade positions for IO Biotech Inc [IOBT]
There are presently around $77.30%, or 77.48%% of IOBT stock, in the hands of institutional investors. The top three institutional holders of IOBT stocks are: VIVO CAPITAL, LLC with ownership of 6.17 million shares, which is approximately 9.3706%. NOVO HOLDINGS A/S, holding 4.43 million shares of the stock with an approximate value of $$5.18 million in IOBT stocks shares; and NOVO HOLDINGS A/S, currently with $$4.26 million in IOBT stock with ownership which is approximately 5.5251%.
