Analysts Update Their Price Forecasts For Intelligent Bio Solutions Inc (INBS)

Intelligent Bio Solutions Inc (INBS) concluded trading on Thursday at a closing price of $0.23, with 3.88 million shares of worth about $0.89 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -90.18% during that period and on Thursday, January 25 the price saw a loss of about -24.97%. Currently the company’s common shares owned by public are about 8.73M shares, out of which, 8.21M shares are available for trading.

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.

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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 $4149.0. The company recently came buying 0.0 shares which brought its stake up to 0.14% of the company’s outstanding shares. Vanguard Invt. Fds. ICVC – US Equ, after selling 0.0 shares, have now control over 0.00% of the stake in the company. It holds 253.0 shares of worth $0.0.

However, the stock later moved at a day high price of 0.2750, or with a loss of -24.97%. Stock saw a price change of -24.23% in past 5 days and over the past one month there was a price change of -32.77%. Year-to-date (YTD), INBS shares are showing a performance of -33.38% which decreased to -99.05% 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 $27.40 during that period. The average intraday trading volume for Intelligent Bio Solutions Inc shares is 8.06 million. The stock is currently trading -28.16% below its 20-day simple moving average (SMA20), while that difference is down -33.06% for SMA50 and it goes to -85.58% 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 0.21% while other institutional holders and individual stake holders have control over 1.55% and 0.06% of the stake respectively.

The stock has a current market capitalization of $1.97M and its 3Y-monthly beta is at 4.50. 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 21.70% while standing at 12.86% 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.

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