IO Biotech Inc (NASDAQ: IOBT) Recovers 9.65% From 52-Week Low, Is IOBT Still A High-Risk, High-Reward Play?

IO Biotech Inc (NASDAQ:IOBT) currently has a daily average trading volume of 178.20K but it saw 602575 shares traded in last market. With a market cap of 58.97M USD, the company’s current market price of $0.90 came falling about -7.31 while comparing to the previous closing price of $0.97. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.10 and as low as $0.82. In the recent trading on the day, stock has struck highest price mark of $0.89 while lowest mark touched by it was $1.0.

Taking a look at 20-day trading activity of IO Biotech Inc (IOBT) gives us an average price of $1.4165, while its current price level is -57.34% below from 52-week high level whereas it is 9.65% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.3462 while that of 200 days or SMA-200 reads an average of $1.4837. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.87% during that period while stretching the period over a month that decreases to 9.95%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 29.05 which implies that the stock is in oversold territory.

Over the week, IOBT’s stock price is moving -43.35% down while it is -38.69% when we observe its performance for the past one month. Year-to-date it is -52.39% down and over the past year, the stock is showing a downside performance of -51.09%.

Currently, IO Biotech Inc’s total number of outstanding shares is 65.88M. Company’s return on investment (ROI) stands at -90.04% and return on equity (ROE) at -87.66%. Stock’s beta reads 0.61. Stock has a price to book (P/B) ratio of 0.61. Its return on asset (ROA) is -76.85% on average.