iBio Inc. (AMEX:IBIO) Relative Strength Index (RSI) is 36.84, with weekly volatility at 6.05% and ATR at 0.11. The IBIO stock’s 52-week price range has touched low of $0.21 and a $7.45 high. Intraday shares traded counted 7.92 million, which was 19.48% higher than its 30-day average trading volume of 9.84M. Its shares traded lower over the last trading session, losing -2.46% on 12/23/20. The shares fell to a low of $1.16 before closing at $1.19. IBIO’s previous close was $1.22 while the outstanding shares total 182.11M. The firm has a beta of -5.81.
Investors have identified the Biotechnology company iBio Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $247.72 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
iBio Inc. (IBIO) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 84.96 million total, with 5.05 million as their total liabilities.
IBIO were able to record -7.49 million as free cash flow during the Q4 2020 quarter of the year, this saw their quarterly net cash flow reduce by 22.43 million. In cash movements, the company had a total of -7.07 million as operating cash flow.
Potential earnings growth for iBio Inc. (IBIO)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the Q4 2020 quarter of the year, iBio Inc. recorded a total of 0.41 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 73.66% coming in sequential stages and their sales for the Q4 2020 quarter reducing by -173.17%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 0.41 million trying to sell their products during the last quarter, with the result yielding a gross income of 7.33 million. This allows shareholders to hold on to 182.11M with the recently reported earning now reading -0.05 cents per share. This is a figure that compared to analyst’s prediction for their Q4 2020.
Is the stock of IBIO attractive?
In related news, 10% Owner, Eastern Capital LTD sold 15,864,436 shares of the company’s stock in a transaction that recorded on Aug 11. The sale was performed at an average price of 2.92, for a total value of 46,330,499. As the sale deal closes, the 10% Owner, Eastern Capital LTD now sold 7,264,864 shares of the company’s stock, valued at 28,429,592. Also, 10% Owner, Eastern Capital LTD sold 1,355,604 shares of the company’s stock in a deal that was recorded on Aug 07. The shares were price at an average price of 3.83 per share, with a total market value of 5,185,592. Following this completion of acquisition, the 10% Owner, Eastern Capital LTD now holds 2,768,137 shares of the company’s stock, valued at 11,570,536. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.20%.
1 out of 1 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on iBio Inc.. 0 analysts has assigned a Sell rating on the IBIO stock. The 12-month mean consensus price target for the company’s shares has been set at $2.00.