iBio Inc (NASDAQ:IBIO) currently has a daily average trading volume of 767.38K but it saw 1024781 shares traded in last market. With a market cap of 6.91M USD, the company’s current market price of $0.76 came rising about 8.23 while comparing to the previous closing price of $0.70. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.89 and as low as $0.64. In the recent trading on the day, stock has struck highest price mark of $0.707 while lowest mark touched by it was $0.7662.
Taking a look at 20-day trading activity of iBio Inc (IBIO) gives us an average price of $2.2385, while its current price level is -89.01% below from 52-week high level whereas it is 19.16% 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 $3.6944 while that of 200 days or SMA-200 reads an average of $2.7204. A closer look into the stock’s movement over the week reveals that its volatility is standing at 20.67% during that period while stretching the period over a month that decreases to 20.43%. 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 19.10 which implies that the stock is in oversold territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Chardan Capital Markets which initiated the stock as “Buy” in its note to investors issued on May 28, 2024, recommending a price target of $5 for it. Cantor Fitzgerald also issued its recommendations for the stock as it initiated the price target for the stock is $3.
Over the week, IBIO’s stock price is moving -31.13% down while it is -83.64% when we observe its performance for the past one month. Year-to-date it is -69.08% down and over the past year, the stock is showing a downside performance of -55.95%.
Currently, iBio Inc’s total number of outstanding shares is 9.87M with 7.20% of that held by the insiders while 26.65% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -113.63% and return on equity (ROE) at -123.28%. Stock’s beta reads 1.47. Stock has a price to book (P/B) ratio of 0.50 while price to sale or P/S ratio amounts to 18.18. Its return on asset (ROA) is -51.09% on average.
