InvestorsObserver is giving Forte Biosciences Inc (FBRX) an Analyst Rating Rank of 22, meaning FBRX is ranked higher by analysts than 22% of stocks. The average price target for FBRX is $3.5 and analyst’s rate the stock as a Buy.
Wall Street analysts are rating FBRX a Buy today. Find out what this means to you and get the rest of the rankings on FBRX!
Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.
InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.
What's Happening With Forte Biosciences Inc Stock Today?
Forte Biosciences Inc (FBRX) stock is trading at $1.24 as of 2:30 PM on Monday, Jul 25, a loss of -$0.01, or -1.2% from the previous closing price of $1.25. The stock has traded between $1.22 and $1.28 so far today. Volume today is low. So far 177,972 shares have traded compared to average volume of 273,910 shares.
Click Here to get the full Stock Report for Forte Biosciences Inc stock.
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