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Serhii Bond's Avatar
published in Blogs
May 03, 2023

ImmunityBio (IBRX) was a top loser this quarter, falling -18.95%. Expect a Downtrend continuation

ImmunityBio (IBRX) has had a tough quarter, falling by almost 19%. Despite this, there may be some hope for the stock, as the Aroon Indicator has recently triggered a bullish signal.

First, let's take a look at the earnings results for ImmunityBio. Unfortunately, there is no specific mention of earnings in the provided information. However, it is important to note that earnings reports can greatly impact the stock price of a company. A company's earnings can affect its stock price in a few ways. Positive earnings can lead to an increase in demand for a stock, while negative earnings can lead to a decrease in demand.

Moving on to the technical analysis, the Aroon Indicator is a popular indicator that can help traders identify potential changes in trend. It consists of two lines: the AroonUp line, which measures the strength of the uptrend, and the AroonDown line, which measures the strength of the downtrend. When the AroonUp line crosses above the AroonDown line, it is a bullish signal.

According to the provided information, IBRX's Aroon Indicator triggered a bullish signal on May 01, 2023. This means that the AroonUp line is above 70 while the AroonDown line is below 30, indicating that the stock could be setting up for a bullish move. In fact, historical data shows that in 168 of 188 similar instances where the Aroon Indicator showed a similar pattern, the stock moved higher in the days that followed, putting the odds of a move higher at 89%.

However, it is important to note that past performance is not always indicative of future results. While the Aroon Indicator may be indicating a potential move higher for IBRX, there are other factors that could impact the stock's performance. Additionally, the odds of a downtrend continuation for IBRX are relatively high at 58%.

While the recent Aroon Indicator signal may be a positive sign for IBRX, it is important for investors to consider all available information before making any investment decisions. The stock has had a tough quarter, and while historical data suggests a potential move higher, there are still risks involved.

Related Ticker: IBRX

IBRX in +6.43% Uptrend, growing for three consecutive days on June 14, 2024

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where IBRX advanced for three days, in of 262 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 60 cases where IBRX's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on June 18, 2024. You may want to consider a long position or call options on IBRX as a result. In of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

IBRX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for IBRX turned negative on May 15, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 53 similar instances when the indicator turned negative. In of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at .

IBRX moved below its 50-day moving average on May 31, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for IBRX crossed bearishly below the 50-day moving average on June 04, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where IBRX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for IBRX entered a downward trend on June 18, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 84%.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. IBRX’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. IBRX’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 94, placing this stock better than average.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (12.130). P/E Ratio (0.000) is within average values for comparable stocks, (146.123). IBRX's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.478). Dividend Yield (0.000) settles around the average of (0.066) among similar stocks. IBRX's P/S Ratio (10000.000) is very high in comparison to the industry average of (213.038).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

Notable companies

The most notable companies in this group are Regeneron Pharmaceuticals (NASDAQ:REGN), Moderna (NASDAQ:MRNA), Incyte Corp (NASDAQ:INCY), Sarepta Therapeutics (NASDAQ:SRPT), Exelixis (NASDAQ:EXEL), Arrowhead Pharmaceuticals (NASDAQ:ARWR), Novavax (NASDAQ:NVAX), BioCryst Pharmaceuticals (NASDAQ:BCRX), Adaptive Biotechnologies Corp (NASDAQ:ADPT), Inovio Pharmaceuticals (NASDAQ:INO).

Industry description

Biotechnology involves genetic or protein engineering to produce medicines/therapies for treating and preventing ailments. The industry also provides crucial ingredients for diagnostics. This multi-billion-dollar industry is heavily focused on research and development, as companies attempt to continually come up with cutting-edge solutions for health. New discoveries for the treatment of diseases provide opportunities for growth for a company in this industry. Discoveries, however, must pass the regulatory approval from the U.S. Food and Drug Administration (FDA) before they can make it to markets. Amgen Inc., Gilead Sciences, Inc. and Celgene Corporation are examples of companies in this industry.

Market Cap

The average market capitalization across the Biotechnology Industry is 2.85B. The market cap for tickers in the group ranges from 151 to 626.46B. NONOF holds the highest valuation in this group at 626.46B. The lowest valued company is MYMX at 151.

High and low price notable news

The average weekly price growth across all stocks in the Biotechnology Industry was -5%. For the same Industry, the average monthly price growth was -7%, and the average quarterly price growth was 52%. MBIO experienced the highest price growth at 471%, while AVTE experienced the biggest fall at -94%.

Volume

The average weekly volume growth across all stocks in the Biotechnology Industry was 172%. For the same stocks of the Industry, the average monthly volume growth was 129% and the average quarterly volume growth was 97%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 86
Price Growth Rating: 61
SMR Rating: 94
Profit Risk Rating: 94
Seasonality Score: 4 (-100 ... +100)
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A.I.Advisor
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A.I. Advisor
published General Information

General Information

a producer of cancer treatment products

Industry Biotechnology

Profile
Fundamentals
Details
Industry
Biotechnology
Address
3530 John Hopkins Court
Phone
+1 844 696-5235
Employees
628
Web
https://www.immunitybio.com
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