Fortress Biotech (FBIO) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fortress Biotech in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" FBIO shares.
View FBIO analyst ratings or view top-rated stocks.

3 brokers have issued 1-year price targets for Fortress Biotech's stock. Their FBIO share price forecasts range from $5.00 to $5.00. On average, they anticipate the company's stock price to reach $5.00 in the next year. This suggests a possible upside of 1,397.0% from the stock's current price.
View analysts price targets for FBIO or view top-rated stocks among Wall Street analysts.

Fortress Biotech's stock was trading at $0.6550 at the start of the year. Since then, FBIO shares have decreased by 49.0% and is now trading at $0.3340.
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Fortress Biotech saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 710,900 shares, an increase of 24.1% from the August 15th total of 572,800 shares. Based on an average daily trading volume, of 621,500 shares, the short-interest ratio is presently 1.1 days. Approximately 0.8% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 13th 2023.
View our FBIO earnings forecast.

Fortress Biotech, Inc. (NASDAQ:FBIO) announced its quarterly earnings results on Monday, August, 14th. The biopharmaceutical company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.02. The biopharmaceutical company earned $17.39 million during the quarter, compared to analyst estimates of $13.28 million. Fortress Biotech had a negative trailing twelve-month return on equity of 246.79% and a negative net margin of 152.63%.

Based on aggregate information from My MarketBeat watchlists, some companies that other Fortress Biotech investors own include Sorrento Therapeutics (SRNE), VBI Vaccines (VBIV), Novavax (NVAX), Advanced Micro Devices (AMD), OPKO Health (OPK), TG Therapeutics (TGTX), Vaxart (VXRT), NVIDIA (NVDA), Pfizer (PFE) and Dynavax Technologies (DVAX).

Fortress Biotech trades on the NASDAQ under the ticker symbol "FBIO."

Fortress Biotech's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (0.91%), Acadian Asset Management LLC (0.80%), Geode Capital Management LLC (0.64%), 1900 Wealth Management LLC (0.30%), Renaissance Technologies LLC (0.17%) and Citadel Advisors LLC (0.00%). Insiders that own company stock include Eric K Rowinsky, Lindsay A Md Rosenwald and Robyn Hunter.
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Shares of FBIO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FBIO stock can currently be purchased for approximately $0.33.

Fortress Biotech (NASDAQ:FBIO) has a market capitalization of $44.45 million and generates $75.74 million in revenue each year. The biopharmaceutical company earns $-86,570,000.00 in net income (profit) each year or ($1.00) on an earnings per share basis.

The company employs 187 workers across the globe.

Fortress Biotech's mailing address is 2 GANSEVOORT STREET 9TH FLOOR, NEW YORK NY, 10014. The official website for the company is www.fortressbiotech.com. The biopharmaceutical company can be reached via phone at (781) 652-4500, via email at ir@fortressbiotech.com, or via fax at 781-652-4545.