Market Stir – Advanced Volatility Spotted on Shares of Fortress Biotech, Inc. (:FBIO)

Fortress Biotech, Inc. (:FBIO) shares are displaying elevated levels of volatility in today’s session. After a recent check, shares have been spotted at $4.75 showing a change in the session of 2.81%.Analyst Views

Based on data provided from analysts polled by Thomson Reuters, Fortress Biotech, Inc. has a current consensus target price of 11.00. The current consensus analyst recommendation is sitting at 1.50 on company shares. Investors will likely be tracking any consensus estimate changes heading into the next earnings period.

Moving Averages and ATR

After a recent spot-check, Fortress Biotech, Inc. (:FBIO)’s ATR is 0.28. The Average True Range (ATR) is a measure of stock volatility. The Average True Range is an exponential moving average (14-days) of the True Range. The range of a day’s trading is high-low, and True Range expands into yesterday’s close when it lands outside of today’s range.

Taking a closer look into the volatility on shares of Fortress Biotech, Inc. (:FBIO), we notice that the stock is 14.79% off of the 20-Day Simple Moving Average. Zooming out to the 50-Day Simple Moving Average, we can see a difference of 24.57% from current stock levels.

Going out even further, the 200-Day Simple Moving Average is recorded 57.37% away from the current share price. Company shares were recently noted -0.63% off of the 50-day high and 51.76% away from the 50-day low. Let’s also take a quick peek at the 52 week highs/lows. At present, the stock is -0.63% separated from the 52 week high and 152.66% from the low.

Leave a Comment