Fortress Biotech, Inc. (FBIO) Stock: Here’s What’s Happening

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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 presently priced at $1.47 after heading up 9.70% so far today. In terms of biotech companies, there are several aspects that have the ability to cause gains in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent trending headlines centered around FBIO:

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Oct-28-19 08:30AM Avenue Therapeutics Announces Publication of IV Tramadol Phase 1 Clinical Data in Clinical Pharmacology in Drug Development
Oct-24-19 08:30AM Mustang Bio Announces Dosing of First Participant in Phase 1 Clinical Trial of MB-108 (Oncolytic Virus C134) to Treat Glioblastoma
08:30AM Fortress Biotech to Participate in the 5th Annual Dawson James Small Cap Growth Conference
Oct-18-19 08:30AM Avenue Therapeutics to Present Phase 3 Bunionectomy Study of IV Tramadol at the American Society of Anesthesiologists Annual Meeting
Oct-10-19 08:00AM Mustang Bio Announces City of Hope Receives $4.1 Million in Grant Awards for Recently Opened First-of-Its-Kind Clinical Trial for Patients with Recurrent Malignant Glioma

However, any time investors are making a decision with regard to investing, prospective investors should focus on far more than news, this is especially the case in the highly speculative biotech sector. Here’s what’s happening in regard to Fortress Biotech, Inc..

Returns That FBIO Investors Have Seen

While a move up on a single session, like what we’re seeing from Fortress Biotech, Inc. might lead to excitement in some investors, a single session move by itself should not be the reason for a decision to, or not to, buy a company’s stock. It is always important to look into trends experienced by the stock for a period longer than a single trading session. As it relates to FBIO, here are the movements that we have seen:

  • Past Seven Days – In the last week, FBIO has generated a price change amounting to 13.08%.
  • Past 30 Days – The monthly ROI from Fortress Biotech, Inc. works out to 2.08%.
  • Past 3 Months – In the last quarter, the stock has produced a return that comes to 6.52%
  • Past Six Months – In the previous six months, we’ve seen a change of -8.13% from the company.
  • Year To Date – Since the the last trading session of last year FBIO has produced a return of 70.93%.
  • Annually – Lastly, throughout the past year, we have seen performance of 44.12% from FBIO. Over this period of time, the stock has sold at a high price of -43.24% and a low price of 200.00%.

Ratios That Are Notable

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

Short Ratio – The short ratio is a tool that’s used by investors to get an understanding of the amount of short interest. The higher this ratio, the more investors believe that the value of the stock is headed for declines. In general, biotech stocks can carry a higher short ratio. On the other hand, we also see quite a few short squeezes in the space. Nonetheless, with regard to Fortress Biotech, Inc., it’s short ratio amounts to 4.69.

Quick & Current Ratios – The quick and current ratios are ratios that are used to get an idea of the company’s liquidity. Basically, they measure whether or not a company can pay for its debts as they mature based on quick assets or current assets. Because many biotech many companies rely on the continuation of support from investors, the current and quick ratios can seem bad. However, some better companies in the biotech space come with positive current and quick ratios. As it relates to FBIO, the quick and current ratios total up to 4.50 and 4.50 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the current book value of assets that are owned by the company. In this case, that ratio works out to 0.59.

Cash To Share Value – Finally, the cash to share value ratio compares the total amount of cash the company has on hand to the value of the company’s stock. Many clinical stage biotechnology companies struggle to keep 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 ratio is 2.24.

How Analysts Feel About Fortress Biotech, Inc.

Although it’s never a smart idea to blindly follow the thoughts of analysts, it is a good idea to use their opinions when validating your own due diligence before making investment decisions in the biotech sector. Here are the 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

What Institutions And Insiders Think Of Fortress Biotech, Inc.

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 – At the moment, institutions own 12.50% of Fortress Biotech, Inc.. On the other hand, it’s important to mention that the ownership held by institutions has seen a move of 0.84% over the last quarter.
  • Insiders – When it comes to insiders, insiders of the company currently own 12.40% of the company. Their ownership of the company has changed by 0.00% over the last 3 months.

What’s The Float Looking Like?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 69.06M shares of Fortress Biotech, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, FBIO has a float of 48.34M.

I also like to look at the short percent. Think about it, when a high portion of the float available for trading is shorted, the overall feeling among investors is that the equity is headed for a dive. When it comes to FBIO, the percentage of the float that is currently being sold short sits at 2.90%. Most investors would say that a high short percent of the float would be considered to be anything over 40%. Nonetheless, I’ve found that any short ratio over 26% is generally a a play that could prove to be very risky.

Financial Results And Expectations

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-1.32. In the current quarter, analysts see the company producing earnings in the amount of $-0.30. 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 28.00% and revenue has seen movement of 36.80%.

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