First Wave BioPharma Inc. (FWBI) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

First Wave BioPharma Inc. (NASDAQ: FWBI) stock fell -6.31% on Friday to $0.15 against a previous-day closing price of $0.16. With 2.9 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.94 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $0.1560 whereas the lowest price it dropped to was $0.1458. The 52-week range on FWBI shows that it touched its highest point at $8.57 and its lowest point at $0.13 during that stretch. It currently has a 1-year price target of $14.50. Beta for the stock currently stands at 1.81.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FWBI was down-trending over the past week, with a drop of -12.86%, but this was down by -54.03% over a month. Three-month performance dropped to -77.02% while six-month performance fell -87.74%. The stock lost -97.36% in the past year, while it has lost -89.82% so far this year. A look at the trailing 12-month EPS for FWBI yields -6.43 with Next year EPS estimates of -2.27. For the next quarter, that number is -0.64. This implies an EPS growth rate of 35.50% for this year and 68.60% for next year.

Float and Shares Shorts:

On Apr 28, 2022, short shares totaled 0.43 million, which was 2.60% higher than short shares on Mar 30, 2022. In addition to Mr. James R. Sapirstein M.B.A., R.Ph. as the firm’s Pres, CEO & Chairman, Dr. James E. Pennington M.D. serves as its Consultant.

Institutional Ownership:

Through their ownership of 3.79% of FWBI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 1.81% of FWBI, in contrast to 1.19% held by mutual funds. Shares owned by individuals account for 0.82%. As the largest shareholder in FWBI with 0.97% of the stake, The Vanguard Group, Inc. holds 210,693 shares worth 210,693. A second-largest stockholder of FWBI, Geode Capital Management LLC, holds 91,026 shares, controlling over 0.42% of the firm’s shares. The Bank of New York Mellon Corp is the third largest shareholder in FWBI, holding 86,307 shares or 0.40% stake. With a 0.38% stake in FWBI, the iShares Core S&P Total US Stock M is the largest stakeholder. A total of 82,678 shares are owned by the mutual fund manager. The Fidelity Extended Market Index Fu, which owns about 0.30% of FWBI stock, is the second-largest Mutual Fund holder. It holds 64,377 shares valued at 12875.0. Fidelity Nasdaq Composite Index F holds 0.05% of the stake in FWBI, owning 10,139 shares worth 2028.0.



Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FWBI since 2 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With FWBI analysts setting a high price target of $9.00 and a low target of $9.00, the average target price over the next 12 months is $9.00. Based on these targets, FWBI could surge 5900.0% to reach the target high and rise by 5900.0% to reach the target low. Reaching the average price target will result in a growth of 5900.0% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. FWBI will report FY 2022 earnings on 03/01/2023. Analysts have provided yearly estimates in a range of -$1.66 being high and -$2.51 being low. For FWBI, this leads to a yearly average estimate of -$2.08. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. First Wave BioPharma Inc. surprised analysts by -$0.30 when it reported -$0.66 EPS against a consensus estimate of -$0.35. The surprise factor in the prior quarter was -$1.81. Based on analyst estimates, the high estimate for the next quarter is -$0.40 and the low estimate is -$0.60. The average estimate for the next quarter is thus -$0.50.



Summary of Insider Activity:

Insiders traded FWBI stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.

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