XBiotech (NASDAQ:XBIT) Stock Rating Upgraded by BidaskClub
Several other equities research analysts have also recently issued reports on the stock. ValuEngine cut shares of XBiotech from a buy rating to a hold rating in a research report on Thursday, August 1st. Piper Jaffray Companies began coverage on shares of XBiotech in a research report on Friday, June 14th. They issued an overweight rating and a $13.00 price objective for the company.
XBiotech stock opened at $8.22 on Wednesday. The stock has a market cap of $337.11 million, a price-to-earnings ratio of -13.93 and a beta of 0.48. XBiotech has a 1 year low of $2.13 and a 1 year high of $11.74. The firm has a 50-day moving average of $7.44 and a two-hundred day moving average of $8.56.
Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. purchased a new stake in XBiotech in the 2nd quarter valued at about $34,000. Birchview Capital LP purchased a new stake in XBiotech in the 1st quarter valued at about $110,000. A.R.T. Advisors LLC purchased a new stake in XBiotech in the 2nd quarter valued at about $101,000. Citadel Advisors LLC purchased a new stake in XBiotech in the 2nd quarter valued at about $146,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in XBiotech in the 2nd quarter valued at about $309,000. 9.24% of the stock is owned by institutional investors.
XBiotech Company Profile
XBiotech Inc, a pre-market biopharmaceutical company, engages in discovering and developing True Human monoclonal antibodies for treating various diseases. The company's lead product is bermekimab, a therapeutic antibody that neutralizes interleukin-1 alpha, which has completed Phase III clinical trial in Europe for the treatment of symptomatic and advanced colorectal cancer.
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