iBio Inc. (AMEX:IBIO) does about 31.54M shares in volume on a normal day but saw 61856840 shares change hands in Friday trading. The company now has a market cap of 367.99M USD. Its current market price is $2.15, marking an increase of 1.90% compared to the previous close of $2.11. The 52 week high reached by this stock is $7.45 whilst the lowest price level in 52 weeks is $0.05. The script in recent trading has seen the stock touch a high of $2.50 and a low of $2.08.
iBio Inc. (IBIO) has a 20-day trading average at $2.87 and the current price is -71.14% off the 52-week high compared with 4200.00% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.08 and its 200-day simple moving average is $1.38. If we look at the stock’s price movements over the week, volatility stands at 24.56%, which decreases to 17.09% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 40.79 to suggest the stock is neutral.
1 analysts observing the iBio Inc. (IBIO) stock have set the 12-month price targets for the company’s shares at between $3.10 and $3.10. The consensus objective for the share price is $3.10, suggesting that the stock has a potential upside of 30.65% over the period. The median price target is 30.65% away from the current levels at $3.10.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 26, 2020 when Alliance Global Partners initiated the stock to “Buy” and issued a price target of $2.55.
The current price level is -28.07%, -29.99%, and 56.69% away from its SMA20, SMA50, and SMA200 respectively, with the IBIO price moving above the 50-day SMA on August 28. iBio Inc. (IBIO) stock is up 26.47% over the week and -54.06% over the past month. Its price is 763.45% year-to-date and 218.47% over the past year.
The company’s next earnings report is expected on 09/02/2020, with forecasts estimating quarterly EPS at -$0.05 and -$0.62 for whole year. In addition, estimates put the company’s current quarterly revenue at an average of $100k.
Its 12-month price target is $3.10. To reach the target analysts have set, the stock logically needs to grow 30.65 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $3.10, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $3.10.
Outstanding shares total 174.42M with insiders holding 8.78% of the shares and institutional holders owning 11.56% of the company’s common stock. The company has a return on investment of -57.60%. The beta has a value of -5.94. Price to book ratio is 43.00 and price to sales ratio is 283.07.
According to a U.S. Securities and Exchange Commission filing, Vanguard Extended Market Index Fu has reduced its position in iBio Inc. (IBIO) to 1,431,729 shares, mirroring a recent drop by -0.62%. Vanguard Extended Market Index Fu dumped 8996.0 shares of iBio Inc. common stock bringing its total worth to about $6.36 million at the end of recent close, SEC documents show. Vanguard Extended Market Index Fu isn’t the only investment manager who changed stakes and is followed by iShares Russell 2000 ETF, which sold off 49742.0 shares to end up with 1,064,696 shares worth $4.73 million. iShares Russell 2000 Growth ETF cut their holdings by -0.97% in the company over the course of the most recent quarter. It now holds a 0.28% position in iBio Inc. thanks to 0.39 million shares amounting to $1.71 million.