Fortress Biotech (FBIO) Stock Price, News & Analysis

Company Overview

Fortress Biotech, Inc., a biopharmaceutical company, develops dermatology, pharmaceutical, and biotechnology products in the United States. The company markets dermatology products, such as Qbrexza a medicated cloth towelette for the treatment of primary axillary hyperhidrosis; Accutane capsules for severe recalcitrant nodular acne; Amzeeq for severe acne vulgaris; Zilxi, a topical foam; Exelderm cream and solution for topical use; Targadox an oral doxycycline drug for adjunctive therapy for severe acne; Luxamend; sulconazole nitrate cream and solution for tinea cruris and tinea corporis; and doxycycline hyclate tablet. It also develops late stage product candidates, such as intravenous Tramadol for the treatment of post-operative acute pain; CUTX-101, an injection for the treatment of Menkes disease; Cosibelimab for metastatic cancers; Olafertinib for the treatment of patients with EGFR mutation-positive NSCLC; CAEL-101 for the treatment of amyloid light chain amyloidosis; Triplex vaccine for cytomegalovirus; and DFD-29 for the treatment of rosacea. The company's early stage product candidates include Dotinurad for gout; MB-106 for B-cell non-hodgkin lymphoma; MB-101 for glioblastoma; MB-108 for recurrent GBM; MB-109 for refractory glioblastoma; AJ201, an androgen receptor degradation enhancer; BAER-101, a positive allosteric modulator; MB-117 for newly diagnosed x-linked severe combined immunodeficiency; and MB217 for previously transplanted; and MB-110 for RAG1 severe combined immunodeficiency. Its preclinical product candidates comprise Mayo Clinic In Vivo CAR T Platform Technology; AAV-ATP7A gene therapy; AVTS-001 gene therapy; CK-103 BET inhibitor; CEVA-D and CEVA-102; CK-302, an anti-GITR; CK-303, an anti-CAIX; and oligonucleotide platform. The company was formerly known as Coronado Biosciences, Inc. and changed its name to Fortress Biotech, Inc. in April 2015. Fortress Biotech, Inc. was incorporated in 2006 and is based in Bay Harbor Islands, Florida.

Key Stats

• Today's Range: $1.55 to $1.63
• 50-Day Range: $1.39 to $2.02
• 52-Week Range: $1.36 to $4.43
• Volume: 376,835 shs
• Average Volume: 389,314 shs
• Market Capitalization: $43.33 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $13.67
• Consensus Rating: Buy

Fortress Biotech Stock Analysis - MarketRank™

Fortress Biotech scored higher than 61% of companies evaluated by MarketBeat, and ranked 446th out of 963 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Fortress Biotech has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Fortress Biotech has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Fortress Biotech are expected to grow in the coming year, from ($2.65) to ($0.87) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Fortress Biotech is -0.51, 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 Fortress Biotech is -0.51, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Fortress Biotech has a P/B Ratio of 15.70. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

11.97% of the float of Fortress Biotech has been sold short.

Short Interest Ratio / Days to Cover

Fortress Biotech has a short interest ratio ("days to cover") of 4.6.

Change versus previous month

Short interest in Fortress Biotech has recently increased by 1.95%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Fortress Biotech does not currently pay a dividend.

Dividend Growth

Fortress Biotech does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

11.97% of the float of Fortress Biotech has been sold short.

Short Interest Ratio / Days to Cover

Fortress Biotech has a short interest ratio ("days to cover") of 4.6.

Change versus previous month

Short interest in Fortress Biotech has recently increased by 1.95%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: -0.11

News Sentiment

Fortress Biotech has a news sentiment score of -0.11. 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 0.45 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Fortress Biotech this week, compared to 1 article on an average week.

Search Interest

7 people have searched for FBIO on MarketBeat in the last 30 days. This is an increase of 40% compared to the previous 30 days.

MarketBeat Follows

14 people have added Fortress Biotech to their MarketBeat watchlist in the last 30 days. This is an increase of 600% compared to the previous 30 days.

Company Ownership

• Score: 5.0 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Fortress Biotech insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,404,581.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

33.40% of the stock of Fortress Biotech is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

96.51% of the stock of Fortress Biotech is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

FBIO Stock Analysis - Frequently Asked Questions

How have FBIO shares performed this year?

Fortress Biotech's stock was trading at $3.01 on January 1st, 2024. Since then, FBIO shares have decreased by 47.8% and is now trading at $1.57.
View the best growth stocks for 2024 here.

How were Fortress Biotech's earnings last quarter?

Fortress Biotech, Inc. (NASDAQ:FBIO) posted its earnings results on Tuesday, August, 13th. The biopharmaceutical company reported ($0.73) EPS for the quarter, beating the consensus estimate of ($1.32) by $0.59. The biopharmaceutical company earned $14.90 million during the quarter, compared to analysts' expectations of $14.97 million.

When did Fortress Biotech's stock split?

Fortress Biotech's stock reverse split on the morning of Tuesday, October 10th 2023. The 1-15 reverse split was announced on Monday, October 9th 2023. The number of shares owned by shareholders was adjusted after the closing bell on Monday, October 9th 2023. An investor that had 100 shares of stock prior to the reverse split would have 7 shares after the split.

Who are Fortress Biotech's major shareholders?

Fortress Biotech's top institutional shareholders include Rosalind Advisors Inc. (2.46%), Shikiar Asset Management Inc. (1.16%), Geode Capital Management LLC (0.74%) and GSA Capital Partners LLP (0.36%). Insiders that own company stock include Lindsay A Md Rosenwald, Dov Klein and David Jin.
View institutional ownership trends.

How do I buy shares of Fortress Biotech?

Shares of FBIO 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.

What other stocks do shareholders of Fortress Biotech own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Fortress Biotech investors own include Plug Power (PLUG), FuelCell Energy (FCEL), Workhorse Group (WKHS), KALA BIO (KALA), Ovid Therapeutics (OVID), Lipocine (LPCN) and Comtech Telecommunications (CMTL).

Company Calendar

• Last Earnings: 8/13/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Pharmaceutical preparations
• Sub-Industry: Biotechnology
• Current Symbol: NASDAQ:FBIO
• CUSIP: 21976U10
• CIK: 1429260
• Web: www.fortressbiotech.com
• Phone: (781) 652-4500
• Fax: 781-652-4545
• Employees: 186
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $13.67
• High Stock Price Target: $26.00
• Low Stock Price Target: $5.00
• Potential Upside/Downside: +770.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($3.05)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-60,640,000.00
• Net Margins: -84.53%
• Pretax Margin: -196.92%
• Return on Equity: N/A
• Return on Assets: -34.93%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.23
• Quick Ratio: 1.06

Sales & Book Value

• Annual Sales: $84.51 million
• Price / Sales: 0.51
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.10 per share
• Price / Book: 15.70

Miscellaneous

• Outstanding Shares: 27,600,000
• Free Float: 18,385,000
• Market Cap: $43.33 million
• Optionable: Optionable
• Beta: 1.75