Fortress Biotech, Inc. (FBIO) Stock: Here’s Why It’s Gaining

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Fortress Biotech, Inc. (FBIO) is making a move up in the market in today’s trading session. The company, focused in the biotechnology space, is currently trading at $1.78 after a move up of 5.33% so far in today’s session. As it relates to biotechnology stocks, there are quite a few aspects that have the potential to cause movement in the market. One of the most common is news. Here are the recent stories surrounding FBIO:

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May-13-19 08:00AM Mustang Bio to Present at the Cell & Gene Therapy USA Congress 2019
07:30AM Avenue Therapeutics Reports First Quarter 2019 Financial Results and Recent Corporate Highlights
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

However, when making an investing decision, prospective investors should look into far more than just news, this is especially the case in the speculative biotechnology space. Here’s what’s going on with Fortress Biotech, Inc..

Recent Movement From FBIO

While a gain in a single session, like the gain that we’re seeing from Fortress Biotech, Inc. might make some investors excited, a single session gain alone should not be the reason for a decision to, or not to, invest in a stock. It is generally smart to look at trends experienced by the stock for a period longer than a single trading session. In the case of FBIO, below are the returns on investment that we’ve seen:

  • Past 7 Days – Throughout the past 5 trading sessions, FBIO has seen a change in value amounting to 5.95%.
  • Monthly – The ROI from Fortress Biotech, Inc. throughout the past month comes to 14.84%.
  • Quarterly – Over the past quarter, the company has generated a ROI of -18.35%
  • Bi-Annually – In the past six months, investors have seen a change that equates to 61.82% from the company.
  • Year To Date – Since the open of this year FBIO has produced a return of 106.98%.
  • Annually – Finally, in the last full year, we’ve seen performance in the amount of -50.83% from FBIO. Throughout this period of time, the stock has traded at a high of -52.15% and a low of 263.27%.

Ratios Worth Watching

Digging into a few key ratios associated with a company can give traders a look of how risky and/or potentially profitable a pick might be. Here are a few of the most important ratios to consider when digging into FBIO.

Short Ratio – The short ratio is a measure of short interest. As the short ratio climbs, it means that more investors believe that the value of the stock is going to fall. Across the sector, biotech stocks tend to come with a higher short ratio. On the other hand, we also see quite a few short squeezes in the industry. Nonetheless, as it relates to Fortress Biotech, Inc., the stock’s short ratio is 3.50.

Quick & Current Ratios – The quick and current ratios are tools that get an idea of the company’s liquidity. Basically, they measure the company’s abilities to pay for its debts when they come due with only current assets or quick assets. In the biotech industry, many companies rely on continued support from investors, the current and quick ratios can be upsetting. Nonetheless, some gems in the biotech industry do have great current and quick ratios. As far as FBIO, the quick and current ratios come to 2.00 and 2.00 respectively.  

Book To Share Value – The book to share value compares the the share price to the book value of assets owned by the company. as it relates to Fortress Biotech, Inc., that ratio works out to 0.04.

Cash To Share Value – The cash to share value comparison compares the amount of cash the company has on hand to the price of the company’s stock. Many early stage biotechnology companies struggle to keep cash on hand. So, if you’re considering an investment in a biotechnology stock, this is an important ratio to look into. When it comes to FBIO, the cash to share value is 1.43.

How Analysts Feel About Fortress Biotech, Inc.

While it’s never a smart idea to avoid doing your due diligence and blindly following the thoughts of analysts, it is a good idea to consider their analysis when validating your own thoughts before making investment decisions in the biotech sector. Below you’ll find the most recent moves that we have seen from analysts when it comes 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

Show Me The Big Money

One thing that I’ve learned in my brief time in existence has been that good investors tend to follow big money investors. So, investors that are looking to play it relatively safe will watch moves made by institutions and those on the inside. With that said, how does the big money flow as it relates to FBIO? Here’s what’s happening:

Institutions own 11.30% of the company. Institutional interest has moved by -3.70% over the past three months. When it comes to insiders, those who are close to the company currently own 32.50% percent of FBIO shares. Institutions have seen ownership changes of an accumulative -0.62% over the last three months.

What’s The Float Looking Like?

Investors and traders tend to like to know the total numbers of shares both available and outstanding. As it relates to Fortress Biotech, Inc., currently there are 58.09M with 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 in the public realm.

I also like to follow the short percentage of the float. After all, when a large percentage of the float available for trading is sold short, the overall opinion among investors is that the stock is headed for a steep decline. When it comes to FBIO, the percentage of the float that is currently being sold short sits at 6.21%. In general, concerning short percent of the float would be any percentage over 40%. Through my work, I have found that anything over 26% is usually a play that comes with hefty risk.

Financial Results And Expectations

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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