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Forte Biosciences Inc

FBRX
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23.110USD
-0.850-3.55%
Close 05/15, 16:00ETQuotes delayed by 15 min
473.27MMarket Cap
LossP/E TTM

Forte Biosciences Inc

23.110
-0.850-3.55%
View Detailed Chart
Intraday
1m
30m
1h
D
W
M
D

Today

-3.55%

5 Days

-3.79%

1 Month

-26.47%

6 Months

+64.13%

Year to Date

-15.25%

1 Year

+194.39%

Key Insights

Forte Biosciences Inc's fundamentals are relatively very healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 110 out of 382 in the Biotechnology & Medical Research industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 63.75.In the medium term, the stock price is expected to trend down.Despite a very weak market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.

Forte Biosciences Inc's Score

Industry at a Glance

Industry Ranking
110 / 382
Overall Ranking
236 / 4482
Industry
Biotechnology & Medical Research

Support & Resistance

Relevant data have not been disclosed by the company yet.

Score Analysis

Current score
Previous score

Media Coverage

Last 24 hours
Coverage Level

Very Low
Very High
Negative

Forte Biosciences Inc Highlights

StrengthsRisks
Forte Biosciences, Inc. is a clinical-stage biopharmaceutical company that is advancing FB102, which is an anti-CD122 monoclonal antibody therapeutic candidate with potentially broad autoimmune and autoimmune-related indications. It is advancing clinical development of FB102 into patient-based trials for celiac disease and non-segmental vitiligo. The Company's FB102 program focuses on addressing key pathways implicated in these indications with a CD122 antagonist. CD122 is a subunit of IL-2/IL-15 receptors which are key regulators of NK cells and certain T cell subsets. FB102 has potentially other autoimmune and autoimmune-related applications including vitiligo, alopecia areata, and type 1 diabetes (T1D). Its subsidiaries include Forte Subsidiary, Inc. and Forte Biosciences Australia Proprietary Limited.
High Profit Growth
The company's net income leads the industry, with the latest annual income totaling USD 0.00.
Undervalued
The company’s latest PE is -5.04, at a low 3-year percentile range.
Institutional Buying
The latest institutional holdings are 12.72M shares, increasing 2.22% quarter-over-quarter.
Held by Steven Cohen
Star Investor Steven Cohen holds 792.98K shares of this stock.

Analyst Rating

Based on 5 analysts
Buy
Current Rating
63.750
Target Price
+166.07%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.

Forte Biosciences Inc News

More news coming soon, stay tuned...

Financial Indicators

EPS

Relevant data have not been disclosed by the company yet.

Total revenue

Relevant data have not been disclosed by the company yet.

Forte Biosciences Inc Info

Forte Biosciences, Inc. is a clinical-stage biopharmaceutical company that is advancing FB102, which is an anti-CD122 monoclonal antibody therapeutic candidate with potentially broad autoimmune and autoimmune-related indications. It is advancing clinical development of FB102 into patient-based trials for celiac disease and non-segmental vitiligo. The Company's FB102 program focuses on addressing key pathways implicated in these indications with a CD122 antagonist. CD122 is a subunit of IL-2/IL-15 receptors which are key regulators of NK cells and certain T cell subsets. FB102 has potentially other autoimmune and autoimmune-related applications including vitiligo, alopecia areata, and type 1 diabetes (T1D). Its subsidiaries include Forte Subsidiary, Inc. and Forte Biosciences Australia Proprietary Limited.
Ticker SymbolFBRX
CompanyForte Biosciences Inc
CEOWagner (Paul A)
Websitehttps://www.fortebiorx.com/home/default.aspx
KeyAI