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NASDAQ:IBRX

ImmunityBio (IBRX) Stock Price, News & Analysis

ImmunityBio logo
$2.83 -0.23 (-7.52%)
(As of 12/17/2024 06:00 PM ET)

About ImmunityBio Stock (NASDAQ:IBRX)

Key Stats

Today's Range
$2.82
$3.03
50-Day Range
$2.83
$6.17
52-Week Range
$2.82
$10.53
Volume
10.23 million shs
Average Volume
5.06 million shs
Market Capitalization
$1.97 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$17.38
Consensus Rating
Buy

Company Overview

ImmunityBio, Inc. is a clinical-stage biotechnology company that focuses on developing next-generation therapies and vaccines to enhance the immune system's ability to fight cancer and infectious diseases. Guided by its mission to improve patient outcomes, ImmunityBio harnesses cutting-edge immunotherapy and cell therapy platforms to stimulate and sustain robust immune responses. The company's dedication to innovative research and development sets it apart in biotech.

In the rapidly evolving field of biotechnology, ImmunityBio, Inc. has emerged as a prominent player dedicated to developing innovative therapies and vaccines that harness the natural power of the immune system to combat cancer and infectious diseases. With a comprehensive portfolio of immunotherapy and cell therapy platforms, the company aims to create durable and safe protection against diseases, bolstering the potential for improved patient outcomes. This article provides an in-depth analysis of ImmunityBio, Inc., encompassing its company overview, management team, financial information, valuation, market performance, industry analysis, growth opportunities, and risks and challenges.

Headquartered in California, ImmunityBio, Inc. operates with a global presence, leveraging its scientific expertise and strategic partnerships to advance its mission. ImmunityBio, Inc. offers a range of products and services centered around immunotherapy and cell therapy. These include novel cancer vaccines, targeted bi-specific fusion proteins, and personalized cell-based therapies. The company aims to provide patients with durable protection against diseases and unlock new treatment possibilities by employing a multifaceted approach.

The leadership team at ImmunityBio, Inc. plays a crucial role in driving the company's vision forward. Led by Executive Chairman and Global Chief Medical Officer Patrick Soon-Shiong, the team comprises seasoned professionals with diverse expertise in biotechnology, medicine, and business. Each member brings a wealth of experience and a strong track record of achievements, collectively contributing to the company's success.

In recent years, ImmunityBio, Inc. has demonstrated steady growth and financial resilience. The company has recorded increasing revenues, driven by the progress of its clinical programs and strategic partnerships. Moreover, ImmunityBio, Inc. has implemented efficient cost management strategies to improve profitability and optimize resources. These positive trends indicate the company's potential for long-term success.

ImmunityBio, Inc.'s valuation metrics, such as the price-to-earnings ratio and price-to-book ratio, demonstrate its strong growth prospects relative to industry peers. Investor sentiment remains favorable due to the company's robust pipeline, innovative therapies, and potential for market disruption. As a result, ImmunityBio, Inc.'s valuation continues to reflect optimism for future performance.

ImmunityBio, Inc. has exhibited a dynamic stock performance, with significant price movements and trading volume fluctuations. Recent news and events related to the company's clinical trial results, regulatory approvals, or strategic partnerships have influenced its share price. Investors closely monitor these developments to gauge the company's market position and growth potential.

Operating in the biotechnology sector, ImmunityBio, Inc. navigates a competitive landscape characterized by rapid advancements and intense research and development efforts. The company faces competition from established pharmaceutical companies and emerging biotech firms, all striving to bring innovative therapies to market. However, ImmunityBio, Inc. differentiates itself through its unique approach that focuses on leveraging the natural immune system.

The company's comprehensive portfolio of immunotherapy and cell therapy platforms provides a competitive advantage. ImmunityBio, Inc. aims to create long-lasting and durable responses against diseases by targeting the immune system, which sets it apart from traditional treatment modalities. This innovative strategy positions the company favorably in an industry increasingly recognizing immunotherapies' potential.

ImmunityBio, Inc. possesses several growth opportunities that can propel its future success. The company's robust pipeline and ongoing clinical trials offer the potential for regulatory approvals and commercialization of its therapies. The successful completion of pivotal trials and subsequent market entry can lead to revenue growth and increased market share.

Additionally, ImmunityBio, Inc. can explore expansion into new markets and indications. The company's immunotherapy and cell therapy platforms have applications beyond cancer and infectious diseases, providing avenues for diversification and broadening its target patient population. Expanding into emerging fields such as gene therapy or exploring synergistic partnerships with complementary biotech companies can further bolster its growth prospects.

While ImmunityBio, Inc.'s future outlook appears promising, it faces various risks and challenges inherent in the biotechnology industry. Regulatory hurdles, such as the stringent requirements for clinical trial approvals and market authorizations, can pose delays and uncertainties in the development and commercialization process. Adherence to rigorous safety and efficacy standards is paramount to gaining regulatory approvals and ensuring patient safety.

Market competition remains intense, with other biotech companies vying for similar target indications. The emergence of new technologies or therapies that outperform or disrupt existing treatment modalities may impact the market adoption of ImmunityBio, Inc.'s products. The company must continually innovate and stay at the forefront of scientific advancements to maintain a competitive edge.

Moreover, the biotechnology industry is subject to inherent scientific and clinical uncertainties. While ImmunityBio, Inc.'s therapies show promising results, there is always the possibility of unexpected outcomes or challenges during clinical trials. Robust risk management strategies, thorough research protocols, and continuous trial data monitoring are essential to mitigate these uncertainties.

Additionally, market dynamics, such as changes in reimbursement policies or healthcare regulations, can influence the adoption and commercial success of ImmunityBio, Inc.'s therapies. The company must adapt to evolving market conditions and navigate complex healthcare systems to ensure broad patient access to its innovative treatments.

ImmunityBio Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
45th Percentile Overall Score

IBRX MarketRank™: 

ImmunityBio scored higher than 45% of companies evaluated by MarketBeat, and ranked 684th out of 950 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    ImmunityBio has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    ImmunityBio has only been the subject of 2 research reports in the past 90 days.

  • Read more about ImmunityBio's stock forecast and price target.
  • Earnings Growth

    Earnings for ImmunityBio are expected to grow in the coming year, from ($0.92) to ($0.80) per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of ImmunityBio is -3.08, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of ImmunityBio is -3.08, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Percentage of Shares Shorted

    31.19% of the float of ImmunityBio has been sold short.
  • Short Interest Ratio / Days to Cover

    ImmunityBio has a short interest ratio ("days to cover") of 9.8.
  • Change versus previous month

    Short interest in ImmunityBio has recently decreased by 4.36%, indicating that investor sentiment is improving.
  • Dividend Yield

    ImmunityBio does not currently pay a dividend.

  • Dividend Growth

    ImmunityBio does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    31.19% of the float of ImmunityBio has been sold short.
  • Short Interest Ratio / Days to Cover

    ImmunityBio has a short interest ratio ("days to cover") of 9.8.
  • Change versus previous month

    Short interest in ImmunityBio has recently decreased by 4.36%, indicating that investor sentiment is improving.
  • News Sentiment

    ImmunityBio has a news sentiment score of 0.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.78 average news sentiment score of Medical companies.
  • News Coverage This Week

    MarketBeat has tracked 14 news articles for ImmunityBio this week, compared to 3 articles on an average week.
  • Search Interest

    Only 7 people have searched for IBRX on MarketBeat in the last 30 days. This is a decrease of -83% compared to the previous 30 days.
  • MarketBeat Follows

    Only 10 people have added ImmunityBio to their MarketBeat watchlist in the last 30 days. This is a decrease of -68% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, ImmunityBio insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    83.40% of the stock of ImmunityBio is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    Only 8.58% of the stock of ImmunityBio is held by institutions.

  • Read more about ImmunityBio's insider trading history.
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IBRX Stock News Headlines

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IBRX Stock Analysis - Frequently Asked Questions

ImmunityBio's stock was trading at $5.02 at the start of the year. Since then, IBRX stock has decreased by 43.6% and is now trading at $2.83.
View the best growth stocks for 2024 here
.

Top institutional shareholders of ImmunityBio include State Street Corp (1.24%), Geode Capital Management LLC (0.55%), UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC (0.22%) and Charles Schwab Investment Management Inc. (0.18%). Insiders that own company stock include Michael D Blaszyk and John Owen Brennan.
View institutional ownership trends
.

Shares of IBRX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that ImmunityBio investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Advanced Micro Devices (AMD), Home Depot (HD), Alphabet (GOOG) and JPMorgan Chase & Co. (JPM).

Company Calendar

Today
12/18/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Biological products, except diagnostic
Sub-Industry
Pharmaceutical Products
Current Symbol
NASDAQ:IBRX
Fax
N/A
Employees
590
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$17.38
High Stock Price Target
$30.00
Low Stock Price Target
$4.75
Potential Upside/Downside
+514.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$-583,200,000.00
Net Margins
-8,016.83%
Pretax Margin
-8,018.55%

Debt

Sales & Book Value

Annual Sales
$7.33 million
Book Value
($0.88) per share

Miscellaneous

Free Float
115,674,000
Market Cap
$1.97 billion
Optionable
Optionable
Beta
0.86
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This page (NASDAQ:IBRX) was last updated on 12/18/2024 by MarketBeat.com Staff
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