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Emergent Biosolutions Inc (NYSE: EBS): Can’t Stop The Stock’s Slide?

Emergent Biosolutions Inc (NYSE:EBS) price closed higher on Monday, February 12, jumping 13.92% above its previous close.

A look at the daily price movement shows that the last close reads $1.58. The company’s 5Y monthly beta was ticking 0.98. Taking into account the 52-week price action we note that the stock hit a 52-week high of $16.66 and 52-week low of $1.42. The stock subtracted -14.29% on its value in the past month.

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Emergent Biosolutions Inc, which has a market valuation of $93.38 million, is expected to release its quarterly earnings report Feb 26, 2024 – Mar 04, 2024.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give EBS a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

The overview shows that EBS’s price is at present 1.35% off the SMA20 and -14.69% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 48.10, with weekly volatility standing at 11.74%. The indicator jumps to 8.30% when calculated based on the past 30 days. Emergent Biosolutions Inc (NYSE:EBS)’s beta value is holding at 0.98, while the average true range (ATR) indicator is currently reading 0.16.

Turning out attention to how the Emergent Biosolutions Inc stock has performed in comparison to its peers in the industry, here’s what we find: EBS’s stock is 13.92% on the day and -86.10% in the past 12 months, while SIGA Technologies Inc. (SIGA) traded 3.88%% in the last session and was positioned -23.46% down on its price 12 months ago. Turning out attention to how the Emergent Biosolutions Inc stock has performed in comparison to its peers in the industry, here’s what we find: EBS’s stock is 13.92% on the day and -86.10% in the past 12 months, while SIGA Technologies Inc. (SIGA) traded 3.88%% in the last session and was positioned -23.46% down on its price 12 months ago. Another comparison is with Pfizer Inc. (PFE) whose stock price was up 0.36%% in the last trading session, and has flourished -37.12% over the past year. Also, Soligenix Inc. (SNGX) showed up trend of 3.11%% while its price kept floating at -87.93% over the past year.

An analysis of the Emergent Biosolutions Inc (NYSE:EBS) stock in terms of its daily trading volume indicates that the 3-month average is 2.02. However, this figure increases on the past 10-day timeline to an average of 1.51 million.

Current records show that the company has 50.10M in outstanding shares. The insiders’ percentage holdings are 4.12% of outstanding shares while the percentage share held by institutions stands at 78.88%. The stats also highlight that short interest as of Jan 31, 2024, stood at 10.44 million shares, which puts the short ratio at the time at 8.81. From this we can glean that short interest is 20.11% of company’s current outstanding shares. Notably, we see that shares short in January fall slightly given the previous month’s figure stood at 11.67 million. But the -25.00% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.