During the last session, Inhibrx Inc. (NASDAQ:INBX)’s traded shares were 0.34 million. At the end of the trading day, the stock’s price was $22.84, reflecting an intraday gain of 13.86% or $2.78. The 52-week high for the INBX share is $47.90, that puts it down -109.72 from that peak though still a striking 66.42% gain since the share price plummeted to a 52-week low of $7.67. The company’s market capitalization is $990.80M, and the average intraday trading volume over the past 10 days was 0.29 million shares, and the average trade volume was 489.40K shares over the past three months.
Inhibrx Inc. (INBX) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.80. INBX has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.78.
Inhibrx Inc. (INBX) registered a 13.86% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 13.86% in intraday trading to $22.84 this Friday, 08/05/22, hitting a weekly high. The stock’s 5-day price performance is 31.72%, and it has moved by 33.65% in 30 days. Based on these gigs, the overall price performance for the year is -16.95%. The short interest in Inhibrx Inc. (NASDAQ:INBX) is 3.57 million shares and it means that shorts have 5.98 day(s) to cover.
The consensus price target of analysts on Wall Street is $47.00, which implies an increase of 51.4% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $40.00 and $54.00 respectively. As a result, INBX is trading at a discount of -136.43% off the target high and -75.13% off the low.
Inhibrx Inc. (INBX) estimates and forecasts
Statistics show that Inhibrx Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Inhibrx Inc. (INBX) shares have gone down -12.15% during the last six months, with a year-to-date growth rate less than the industry average at -47.91% against 1.00. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -41.80% this quarter and then drop -51.90% in the quarter after that. In the rating firms’ projections, revenue will decrease -31.80% compared to the previous financial year.
Revenue for the current quarter is expected to be $1.07 million as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $900k by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $954k and $2.53 million respectively. In this case, analysts expect current quarter sales to grow by 12.20% and then drop by -64.50% in the coming quarter.
While earnings are projected to return -6.60% in 2022.
Inhibrx Inc. is due to release its next quarterly earnings between March 10 and March 14. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Inhibrx Inc. (NASDAQ:INBX)’s Major holders
Inhibrx Inc. insiders own 31.57% of total outstanding shares while institutional holders control 66.92%, with the float percentage being 97.79%. Viking Global Investors, L.P. is the largest shareholder of the company, while 155 institutions own stock in it. As of Mar 30, 2022, the company held over 5.31 million shares (or 13.59% of all shares), a total value of $118.21 million in shares.
The next largest institutional holding, with 1.9 million shares, is of Blackrock Inc.’s that is approximately 4.87% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $42.38 million.
Also, the Mutual Funds coming in first place with the largest holdings of Inhibrx Inc. (INBX) shares are Smallcap World Fund and Vanguard Total Stock Market Index Fund. Data provided on Mar 30, 2022 indicates that Smallcap World Fund owns about 1.63 million shares. This amounts to just over 4.18 percent of the company’s overall shares, with a $36.35 million market value. The same data shows that the other fund manager holds slightly less at 0.72 million, or about 1.85% of the stock, which is worth about $16.11 million.