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NASDAQ:FBIO

Fortress Biotech Stock Forecast, Price & News

$2.62
-0.14 (-5.07 %)
(As of 10/19/2020 12:00 AM ET)
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Today's Range
$2.60
Now: $2.62
$2.81
50-Day Range
$2.76
MA: $3.93
$4.78
52-Week Range
$1.04
Now: $2.62
$4.78
Volume1.64 million shs
Average Volume944,053 shs
Market Capitalization$230.58 million
P/E RatioN/A
Dividend YieldN/A
Beta2.22
Fortress Biotech, Inc. develops and commercializes pharmaceutical and biotechnology products. It markets dermatology products, such as Targadox for acne; Exelderm cream for ringworm and jock itch symptoms; Ceracade for dry skin conditions; Luxamend for dressing and managing wounds; Ala-Scalp and Triderm, which are used for the inflammatory and pruritic manifestations of corticosteroid-responsive dermatoses; and Ala-Quin, an antibacterial and antifungal cream. The company also develops MB-107, a gene therapy for X-linked severe combined immunodeficiency; CAEL-101, a Phase Ia/Ib trial that reduces amyloid deposits in the tissues and organs; CD123 chimeric antigen receptor engineered T-cell (CAR T) program for acute myeloid leukemia; CD20 CAR T program for B cell non-Hodgkin lymphoma; and CS1 CAR T for multiple myeloma and light chain amyloidosis. In addition, it develops MB-101 for Glioblastoma (GBM); MB-103 for GBM, and breast cancer and brain metastases; MB-105 for prostate and pancreatic cancers; intravenous Tramadol for post-operative pain; CK-101, a Phase I/II clinical trial for treating patients with EGFR mutation-positive non-small cell lung cancer; CK-301, a Phase I clinical trial for metastatic cancer; Triplex, a Phase I study recombinant modified vaccinia ankara viral vector vaccine; ConVax, a recombinant modified vaccinia ankara viral vector vaccine; CEVA-101 for traumatic brain injury; CEVA-D, a bioreactor device that enhances the anti-inflammatory potency of bone marrow-derived cells; Tamid-001, a gene therapy for mucopolysaccharidosis type I disorder; CNDO-109, a lysate that activates donor natural killer cells; and methazalomide products. The company has collaboration arrangements with some universities, research institutes, and pharmaceutical companies. The company was formerly known as Coronado Biosciences, Inc. and changed its name to Fortress Biotech, Inc. in April 2015. Fortress Biotech, Inc. was founded in 2006 and is based in New York, New York.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 3.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.97 out of 5 stars

Industry, Sector and Symbol

Industry Pharmaceutical preparations
Sub-IndustryBiotechnology
SectorMedical
Current SymbolNASDAQ:FBIO
CUSIP21976U10
Phone781-652-4500
Employees93

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$36.63 million
Book Value$1.02 per share

Profitability

Net Income$-39,960,000.00
Net Margins-124.63%

Miscellaneous

Market Cap$230.58 million
Next Earnings Date11/10/2020 (Estimated)
OptionableOptionable
$2.62
-0.14 (-5.07 %)
(As of 10/19/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Fortress Biotech (NASDAQ:FBIO) Frequently Asked Questions

How has Fortress Biotech's stock been impacted by COVID-19?

Fortress Biotech's stock was trading at $1.61 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, FBIO shares have increased by 62.7% and is now trading at $2.62.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Fortress Biotech?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortress Biotech in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Fortress Biotech
.

When is Fortress Biotech's next earnings date?

Fortress Biotech is scheduled to release its next quarterly earnings announcement on Tuesday, November 10th 2020.
View our earnings forecast for Fortress Biotech
.

How were Fortress Biotech's earnings last quarter?

Fortress Biotech (NASDAQ:FBIO) announced its earnings results on Monday, August, 10th. The biopharmaceutical company reported ($0.19) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.27) by $0.08. The biopharmaceutical company earned $9.46 million during the quarter, compared to analyst estimates of $11.59 million. Fortress Biotech had a negative return on equity of 53.93% and a negative net margin of 124.63%.
View Fortress Biotech's earnings history
.

What price target have analysts set for FBIO?

5 brokerages have issued twelve-month target prices for Fortress Biotech's shares. Their forecasts range from $4.75 to $10.00. On average, they expect Fortress Biotech's share price to reach $7.55 in the next twelve months. This suggests a possible upside of 188.2% from the stock's current price.
View analysts' price targets for Fortress Biotech
.

Are investors shorting Fortress Biotech?

Fortress Biotech saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 2,030,000 shares, an increase of 48.2% from the August 31st total of 1,370,000 shares. Based on an average daily volume of 1,450,000 shares, the days-to-cover ratio is currently 1.4 days. Approximately 3.1% of the company's stock are sold short.
View Fortress Biotech's Short Interest
.

Who are some of Fortress Biotech's key competitors?

What other stocks do shareholders of Fortress Biotech own?

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).

Who are Fortress Biotech's key executives?

Fortress Biotech's management team includes the following people:
  • Dr. Lindsay Allan Rosenwald, Exec. Chairman, Pres & CEO (Age 65, Pay $532.57k)
  • Ms. Robyn M. Hunter, CFO, Treasurer & Corp. Sec. (Age 58, Pay $1.8M)
  • Mr. George C. Avgerinos, Sr. VP of Biologics Operations (Age 66, Pay $386.35k)
  • Mr. Michael S. Weiss, Exec. Vice Chairman of Strategic Devel. & Director (Age 54, Pay $532.57k)
  • Dr. Thomas F. Schaible, Project Leader of Inflammatory Bowel Disease

What is Fortress Biotech's stock symbol?

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

Who are Fortress Biotech's major shareholders?

Fortress Biotech's stock is owned by many different retail and institutional investors. Top institutional investors include Diversified Trust Co (0.01%). Company insiders that own Fortress Biotech stock include George Avgerinos, Lindsay A Md Rosenwald, Malcolm Hoenlein and Robyn Hunter.
View institutional ownership trends for Fortress Biotech
.

Which major investors are buying Fortress Biotech stock?

FBIO stock was bought by a variety of institutional investors in the last quarter, including Diversified Trust Co. Company insiders that have bought Fortress Biotech stock in the last two years include Lindsay A Md Rosenwald, Malcolm Hoenlein, and Robyn Hunter.
View insider buying and selling activity for Fortress Biotech
.

How do I buy shares of Fortress Biotech?

Shares of FBIO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Fortress Biotech's stock price today?

One share of FBIO stock can currently be purchased for approximately $2.62.

How big of a company is Fortress Biotech?

Fortress Biotech has a market capitalization of $230.58 million and generates $36.63 million in revenue each year. The biopharmaceutical company earns $-39,960,000.00 in net income (profit) each year or ($0.73) on an earnings per share basis. Fortress Biotech employs 93 workers across the globe.

What is Fortress Biotech's official website?

The official website for Fortress Biotech is www.fortressbiotech.com.

How can I contact Fortress Biotech?

Fortress Biotech's mailing address is 2 GANSEVOORT STREET 9TH FLOOR, NEW YORK NY, 10014. The biopharmaceutical company can be reached via phone at 781-652-4500 or via email at [email protected]

This page was last updated on 10/20/2020 by MarketBeat.com Staff

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