Fortress Biotech, Inc. (FBIO) Stock: Seeing Gains In Today’s Session

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Fortress Biotech, Inc. (FBIO) is trending up in the market in today’s trading session. The stock, focused in the biotech industry, is currently priced at $1.58 after gaining 5.33% so far in today’s session. As it relates to biotechnology stocks, there are a number of aspects that have the potential to cause gains in the market. News is one of the most common reasons for movement. Here are the most recent trending headlines surrounding FBIO:

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Aug-14-19 07:30AM Avenue Therapeutics Reports Second Quarter 2019 Financial Results and Recent Corporate Highlights
Aug-13-19 08:00AM Mustang Bio Announces $9.28 Million Grant to Fund Phase 1 Trial of CAR T Therapy MB-103 in HER2-Positive Breast Cancer with Brain Metastases
Aug-09-19 04:05PM Mustang Bio Reports Second Quarter 2019 Financial Results and Recent Corporate Highlights
04:05PM Fortress Biotech Reports Second Quarter 2019 Financial Results and Recent Corporate Highlights
Aug-08-19 04:30PM Checkpoint Therapeutics Reports Second Quarter 2019 Financial Results and Recent Corporate Highlights

Nonetheless, any time investors are making a decision to invest, investors should look into far more than just news, especially in the highly speculative biotechnology sector. Here’s what’s happening with Fortress Biotech, Inc..

Recent Movement From FBIO

Although a move up on a single session, like what we’re seeing from Fortress Biotech, Inc. may make some investors jump for joy, a single session move alone shouldn’t be the basis of a decision to, or not to, buy a company’s stock. It’s always a good idea to look at trends beyond a single session. As it relates to FBIO, here are the movements that investors have seen:

  • Weekly – In the past 5 trading sessions, FBIO has seen a change in price amounting to 20.61%.
  • Monthly – The return from Fortress Biotech, Inc. in the past month comes to 11.27%.
  • Past 3 Months – In the last quarter, the company has produced a return on investment of -11.24%
  • Bi-Annually – In the previous six months, investors have seen a performance that works out to -27.52% from the stock.
  • Year To Date – Since the close of last year FBIO has generated a ROI of 83.72%.
  • Full Year – Finally, over the last year, we’ve seen a change of -25.47% from FBIO. Over this period, the stock has traded at a high of -39.00% and a low of 222.45%.

Notable Ratios

Digging into various key ratios having to do with a stock can give traders a look of just how risky and/or rewarding a an investment option might be. Here are a few of the most important ratios to think about when digging into FBIO.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors are expecting that the price of the stock is going to go down. In general, biotech stocks can carry a higher short ratio. However, we tend to see quite a few short squeezes in the sector. Nonetheless, in relation to Fortress Biotech, Inc., it’s short ratio amounts to 3.14.

Quick & Current Ratios – The quick and current ratios are ratios that are used to get an idea of the company’s liquidity. Essentially, they measure If a company is able to pay for its debts when they come due based on quick assets or current assets. Because many biotech many companies are heavily reliant on the continuation of investor support, the current and quick ratios can look damning. However, some better companies in the biotechnology industry come with positive current and quick ratios. In terms of FBIO, the quick and current ratios add up to 2.80 and 2.80 respectively.  

Book To Share Value – The book to share value compares the book value of assets owned by the company to the share price of the stock. In this case, that ratio comes in at 0.43.

Cash To Share Value – Finally, the cash to share value ratio compares the amount of cash the company has on hand to the price of shares. Several clinical stage biotech companies have a hard time keeping cash on hand. So, if you’re considering an investment in a stock in the biotech sector, this is an important ratio to look into. In this case, the cash to share value is 1.89.

Analyst Opinions Of Fortress Biotech, Inc.

Although it’s rarely a smart idea to avoid doing your DD and blindly following the thoughts of analysts, it is a smart idea to use their opinions in order to validate your own before making an investment decision in the biotech sector. Below you’ll find the recent moves that we’ve seen from analysts with regard 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

An interesting fact that I have learned in my brief period alive, or somewhat alive has been that good investors tend to follow big money players. In general, investors that are looking to keep the risk down will keep an eye on investments made by institutions and those on the inside. So, is big money flowing as it relates to FBIO? Here’s what’s going on:

  • Institutions – At the moment, institutions hold 13.50% of the company. On the other hand, it is worth mentioning that institutional ownership has changed in the amount of -0.54% throughout the last 3 months.
  • Insider Holdings – as it relates to insiders, those close to the situation currently hold 13.80% of the company. Insider ownership of the company has moved 0.00% in the last 3 months.

A Look At Share Counts

Traders and investors tend to have an interest in the amounts of shares both available and outstanding. In regard to Fortress Biotech, Inc., there are currently 64.25M with a float of 44.53M. This means that of the total of 64.25M shares of FBIO currently in existence today, 44.53M are able to be traded in the public space.

It’s also important to dig into the short percent. After all, when a high portion of the float available for trading is sold short, the overall feeling among traders is that the stock is going to take a dive. In regard to FBIO, the percentage of the float that is sold short comes to a total of 2.74%. Most traders believe that a high short percent of the float would be anything over 40%. In my research, I have found that a short ratio over 26% is likely a risky play.

Financial Performance

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-1.75. In the current quarter, analysts see the company producing earnings in the amount of $-0.46. 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 104.90% and revenue has seen movement of 10.20%.

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