Reflections On The Past For Investors Today: Impact BioMedical Inc (AMEX: IBO)

Impact BioMedical Inc (AMEX:IBO) does about 546.12K shares in volume on a normal day but saw 141413739 shares change hands in the recent trading day. The company now has a market cap of 57.04M USD. Its current market price is $4.96, marking an increase of 138.46% compared to the previous close of $2.08. The 52 week high reached by this stock is $3.25 whilst the lowest price level in 52 weeks is $0.51.

Impact BioMedical Inc (IBO) has a 20-day trading average at $24.84 and the current price is 52.62% off the 52-week high compared with 876.38% distance from its 52-week low. The 50-day simple moving average of the closing price is $24.84 and its 200-day simple moving average is $24.11. If we look at the stock’s price movements over the week, volatility stands at 106.31%, which decreases to 50.19% 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 83.21 to suggest the stock is overbought.

The current price level is 259.67%, 198.97%, and 157.20% away from its SMA20, SMA50, and SMA200 respectively, with the IBO price moving below the 50-day SMA on current market day. Impact BioMedical Inc (IBO) stock is up 726.67% over the week and 148.00% over the past month. Its price is 242.07% year-to-date.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

Outstanding shares total 11.50M with insiders holding 55.16% of the shares and institutional holders owning 1.89% of the company’s common stock. The company has a return on investment of 2.95% and return on equity of 4.01%. The price to earnings ratio (P/E ratio) amounts to 55.54. Price to book ratio is 1.82.