Intelligent Bio Solutions Inc (INBS) concluded trading on 11/30/23 at a closing price of $0.42, with 18.01 million shares of worth about $7.56 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -85.00% during that period and on Thursday the price saw a gain of about 64.38%. Currently the company’s common shares owned by public are about 8.73M shares, out of which, 7.73M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the INBS stock and their offered price forecasts bring an average price target of $6.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $6.00 and could fall to a lowest price of $6.00. The stock’s current price level is 96.78% above of average price target set by the analysts, while a rise to estimated low would result in gain of 93.0% for the stock. However, touching the estimated high of $6.00 would mean a gain of 93.0% for the stock.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 4 times over the past 12 months. They bought 11,639 shares in 4 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Fidelity Extended Market Index Fu, Vanguard Extended Market Index Fu, and Vanguard Invt. Fds. ICVC – US Equ are the top 3 mutual funds which are holding stakes in Intelligent Bio Solutions Inc Fidelity Extended Market Index Fu is currently holding 12274.0 shares of worth totaling $2651.0. The company recently came buying 8767.0 shares which brought its stake up to 0.27% of the company’s outstanding shares. Vanguard Invt. Fds. ICVC – US Equ, after buying 253.0 shares, have now control over 0.01% of the stake in the company. It holds 0.0 shares of worth $55.0.
Intelligent Bio Solutions Inc (NASDAQ: INBS) started trading at $0.278, above $0.02 from concluding price of the previous day. However, the stock later moved at a day high price of 0.4900, or with a gain of 64.38%. Stock saw a price change of 45.83% in past 5 days and over the past one month there was a price change of 94.17%. Year-to-date (YTD), INBS shares are showing a performance of -89.49% which decreased to -94.25% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.20 but also hit the highest price of $32.00 during that period. The average intraday trading volume for Intelligent Bio Solutions Inc shares is 5.91 million. The stock is currently trading 19.99% above its 20-day simple moving average (SMA20), while that difference is down -9.17% for SMA50 and it goes to -81.99% lower than SMA200.
Intelligent Bio Solutions Inc (NASDAQ: INBS) currently have 8.73M outstanding shares and institutions hold larger chunk of about 0.27% of that. Holding of mutual funds in the company is about 0.40% while other institutional holders and individual stake holders have control over 2.96% and 0.11% of the stake respectively.
The stock has a current market capitalization of $3.67M and its 3Y-monthly beta is at 3.96. It has posted earnings per share of -$8.37 in the same period. It has Quick Ratio of 0.25 while making debt-to-equity ratio of 0.85. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for INBS, volatility over the week remained 26.84% while standing at 26.85% over the month.
Analysts are in expectations that Intelligent Bio Solutions Inc (INBS) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is -$0.27 and it is -$0.47 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$2.8 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 90.45% while it is estimated to increase by 53.47% in next year.
Analysts at 1 brokerage firms have issued recommendations for the Intelligent Bio Solutions Inc (INBS)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
