A Reversal for Fortress Biotech, Inc. (FBIO) Is Not Near. The Stock Rises Again

March 14, 2018 - By Peter Erickson

The stock of Fortress Biotech, Inc. (NASDAQ:FBIO) is a huge mover today! The stock increased 0.75% or $0.04 during the last trading session, reaching $5.35. About 345,570 shares traded or 122.15% up from the average. Fortress Biotech, Inc. (NASDAQ:FBIO) has risen 52.16% since March 14, 2017 and is uptrending. It has outperformed by 35.46% the S&P500.
The move comes after 6 months positive chart setup for the $271.01 million company. It was reported on Mar, 14 by Barchart.com. We have $5.78 PT which if reached, will make NASDAQ:FBIO worth $21.68M more.

Analysts await Fortress Biotech, Inc. (NASDAQ:FBIO) to report earnings on March, 15. They expect $-0.57 earnings per share, down 32.56 % or $0.14 from last year’s $-0.43 per share. After $-0.67 actual earnings per share reported by Fortress Biotech, Inc. for the previous quarter, Wall Street now forecasts -14.93 % EPS growth.

Fortress Biotech, Inc. (NASDAQ:FBIO) Ratings Coverage

Among 3 analysts covering Fortress Biotech (NASDAQ:FBIO), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Fortress Biotech had 8 analyst reports since July 11, 2017 according to SRatingsIntel. H.C. Wainwright maintained it with “Buy” rating and $11.0 target in Wednesday, September 27 report. The stock has “Buy” rating by H.C. Wainwright on Tuesday, July 11. The rating was maintained by H.C. Wainwright with “Buy” on Thursday, August 10. The stock of Fortress Biotech, Inc. (NASDAQ:FBIO) has “Buy” rating given on Tuesday, January 2 by H.C. Wainwright. H.C. Wainwright maintained the stock with “Buy” rating in Tuesday, December 5 report. The firm has “Buy” rating by H.C. Wainwright given on Tuesday, December 12.

More news for Fortress Biotech, Inc. (NASDAQ:FBIO) were recently published by: Globenewswire.com, which released: “Fortress Biotech Announces Aevitas Therapeutics Enters Sponsored Research …” on February 26, 2018. Globenewswire.com‘s article titled: “Mustang Bio to Present at the 255th American Chemical Society National Meeting …” and published on March 12, 2018 is yet another important article.

Fortress Biotech, Inc., a biopharmaceutical company, engages in dermatology product sales, pharmaceutical, and biotechnology businesses in the United States. The company has market cap of $271.01 million. The firm offers CNDO-109, a lysate that activates donor natural killer cells to treat cancer-related and other conditions; tramadol HCl, an intravenous formulation for moderate to moderately severe post-operative pain; CAEL-101 for AL amyloidosis; and CEVA101, which is in Phase II clinical study for severe traumatic brain injury in pediatric patients and adults. It currently has negative earnings. It also provides novel, non-chemotherapy, and immune-enhanced combination treatments for patients with solid tumor cancers; Uracil Topical Cream that is in Phase II to treat and prevent hand-foot syndrome; candidate CUTX-101, a copper histidinate injection for Menkes disease and related copper transport disorders; and novel agents for rare, neglected, or orphan disorders.

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