Fortress Biotech, Inc. (FBIO) Stock: Why It’s Headed For The Top

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Fortress Biotech, Inc. (FBIO) is making a move up in the market in today’s trading session. The stock, focused on the biotech industry, is presently priced at $1.78 after a move up of 10.56% so far today. As it relates to biotechnology stocks, there are quite a few factors that have the potential to generate gains in the market. One of the most common is news. Here are the recent trending headlines associated with FBIO:

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May-10-19 07:44AM Fortress Biotech: 1Q Earnings Snapshot
07:30AM Fortress Biotech Reports First Quarter 2019 Financial Results and Recent Corporate Highlights
May-09-19 05:00PM Checkpoint Therapeutics Reports First Quarter 2019 Financial Results and Recent Corporate Highlights
May-08-19 09:25AM Mustang Bio Announces Full Exercise of Option
07:30AM Mustang Bio Announces City of Hope Opens First-of-Its-Kind Multiple Myeloma CAR T Cell Therapy Trial Targeting CS1 Protein

Nonetheless, any time investors are making a decision with regard to investing, prospective investors should look into far more than just news, this is especially the case in the speculative biotech industry. Here’s what’s happening with Fortress Biotech, Inc..

Recent Moves From FBIO

Although a move up on a single session, like the gain that we’re seeing from Fortress Biotech, Inc. may make some investors jump for joy, that alone shouldn’t be the basis of a decision to, or not to, buy a company’s stock. It is generally smart to look at trends for a period longer than a single session. In the case of FBIO, below are the returns that investors have seen:

  • Past 5 Sessions – Throughout the last week, FBIO has produced a change in price in the amount of 3.49%.
  • Monthly – The monthly performance from Fortress Biotech, Inc. has been 9.88%.
  • Quarterly – In the past three months, the stock has produced a return that comes to -16.43%
  • Bi-Annually – Throughout the last 6 months, we have seen a performance that equates to 76.24% from the stock.
  • This Year So Far – Since the open of this year FBIO has produced a ROI of 106.98%.
  • Annually – Finally, in the last year, we have seen a change amounting to -52.79% from FBIO. Over this period, the stock has traded at a high price of -54.12% and a low of 263.27%.

Key Ratios

Looking at a few key ratios having to do with a stock can give traders a view of just how risky and/or rewarding a stock pick might be. Here are a few of the key ratios to look at when looking at FBIO.

Short Ratio – The short ratio is a tool that’s used to measure the amount of short interest. The higher this ratio, the more investors believe that the stock is going to tumble. In general, biotech stocks can carry a higher short ratio. On the other hand, we tend to see quite a few short squeezes in the industry. Nonetheless, with regard to Fortress Biotech, Inc., it’s short ratio amounts to 3.53.

Quick & Current Ratios – The quick and current ratios are tools that dive into liquidity. Basically, they measure the company’s abilities to pay its debts when they mature with only quick assets or current assets. In the biotech industry, companies are reliant on the continuation of investor support, the current and quick ratios can be bad. Nonetheless, several better companies in the biotechnology industry do have strong quick and current ratios. When it comes to FBIO, the quick and current ratios total up to 2.00 and 2.00 respectively.  

Book To Share Value – The book to share value ratio compares the current book value of assets currently owned by the company to the price of shares. when it comes to Fortress Biotech, Inc., that ratio is 0.04.

Cash To Share Value – The cash to share value comparison compares the total amount of cash the company has on hand to the price of shares. Several early stage biotechnology companies have a hard time keeping cash on hand. So, when investing in the biotechnology sector, this is a very important ratio to consider. In terms of FBIO, the cash to share value ratio works out to 1.43.

Analyst Opinions With Regard To Fortress Biotech, Inc.

While it’s never a good idea to avoid doing your due diligence and blindly following the thoughts of analysts, it is a smart idea to consider their thoughts when validating your own opinions when it comes to making an investment decision in the biotech space. Here are the most recent moves that we have seen from analysts as it relates to FBIO.

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Feb-28-18 Initiated B. Riley FBR, Inc. Buy $10
Jul-11-17 Initiated Rodman & Renshaw Buy $11
Mar-22-17 Initiated JMP Securities Mkt Outperform
Oct-03-16 Initiated ROTH Capital Buy $9

Smart Money Follows Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in FBIO, here’s what we’re seeing:

  • Institutional Investors – Currently, institutional investors hold 11.30% of FBIO. On the other hand, it’s worth mentioning that the ownership held by institutions has changed in the amount of -3.70% over the last quarter.
  • Insider Moves – with regard to insiders, those close to the situation currently hold 32.50% of the company. Insider ownership of the company has changed by -0.62% in the last 3 months.

A Look At Share Counts

Investors and traders tend to like to know the total numbers of shares both outstanding and available. When it comes to Fortress Biotech, Inc., there are currently 58.09M and there is a float of 44.52M. These data mean that out of the total of 58.09M shares of FBIO currently in existence today, 44.52M are able to trade hands by the public.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to FBIO, the short percent of the float is 6.21%.

What We’ve Seen In Financial Results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-2.49. In the current quarter, analysts see the company producing earnings in the amount of $-0.57. Over the last 5 years, FBIO has generated revenue in the amount of $0 with earnings coming in at -6.60%. On a quarter over quarter basis, earnings have seen movement of -8.40% and revenue has seen movement of 56.40%.

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