Inhibrx Biosciences Reports Third Quarter 2024 Financial Results - BioSpace

INBX Stock  USD 15.45  0.18  1.15%   
Slightly above 60% of all Inhibrx's investors are looking to take a long position. The analysis of the overall investor sentiment regarding Inhibrx suggests that some traders are interested. Inhibrx's investing sentiment can be driven by a variety of factors including economic data, Inhibrx's earnings reports, geopolitical events, and overall market trends.
  
Inhibrx Biosciences Reports Third Quarter 2024 Financial Results BioSpace

Read at news.google.com
Google News at Macroaxis
  

Inhibrx Investor Sentiment by Other News Outlets

Investor sentiment, mood or attitude towards Inhibrx can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

Inhibrx Fundamental Analysis

We analyze Inhibrx's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Inhibrx using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Inhibrx based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Beta

Beta Comparative Analysis

Inhibrx is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Inhibrx Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Inhibrx stock to make a market-neutral strategy. Peer analysis of Inhibrx could also be used in its relative valuation, which is a method of valuing Inhibrx by comparing valuation metrics with similar companies.

Peers

Inhibrx Related Equities

KRONKronos Bio   10.34   
0%
100.0%
LRMRLarimar Therapeutics   7.44   
0%
71.0%
GLUEMonte Rosa   5.93   
0%
57.0%
MLYSMineralys Therapeutics,   4.71   
0%
45.0%
ELVNEnliven Therapeutics   4.35   
0%
42.0%
ANEBAnebulo Pharmaceuticals   2.14   
0%
20.0%
OPTOpthea   1.83   
0%
17.0%
CRNXCrinetics Pharmaceuticals   1.59   
0%
15.0%
STOKStoke Therapeutics   1.19   
0%
11.0%
LYELLyell Immunopharma   1.10   
0%
10.0%
HOWLWerewolf Therapeutics   0.51   
0%
4.0%
PTGXProtagonist Therapeutics   0.27   
0%
2.0%
VRDNViridian Therapeutics   0.18   
1.0%
0%
IKNAIkena Oncology   1.17   
11.0%
0%
ELYMEliem Therapeutics   1.30   
12.0%
0%
CELCCelcuity LLC   1.53   
14.0%
0%
MRUSMerus BV   1.96   
18.0%
0%
DSGNDesign Therapeutics   2.93   
28.0%
0%

Additional Tools for Inhibrx Stock Analysis

When running Inhibrx's price analysis, check to measure Inhibrx's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Inhibrx is operating at the current time. Most of Inhibrx's value examination focuses on studying past and present price action to predict the probability of Inhibrx's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Inhibrx's price. Additionally, you may evaluate how the addition of Inhibrx to your portfolios can decrease your overall portfolio volatility.