FBIO Forecast


Bullish Case: Fortress Biotech's FBIO potential PDUFA approval on Nov 4, 2024 for DFD-29 could catalyze a strong positive stock reaction, driven by increased revenue from its dermatology and rare disease sectors.


Bearish Case: Historical stock dilution, and high debt levels pose significant risks to FBIO's financial stability. Potential regulatory setbacks could further impact the stock adversely.


Potential Outcomes:

1. FDA approval of DFD-29 leads to a stock rally: 40% chance.

2. Rejection or delay in FDA approval causes a decline: 30% chance.

3. Market indifference due to dilution, leading to flat performance: 30% chance.


Trading Oracle: Sign Up to access trading oracle trade ideas.


April 23, 2024


Fortress Biotech Forecast

FBIO        Fortress Biotech
Price Forecast: BULLISH    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with FBIO



UVIX Forecast + Options Trading Strategies   UVIX  VS Trust - 2x Long VIX Futures (0.81)


NOC Forecast + Options Trading Strategies   NOC  Northrop Grumman (0.75)


ARR Forecast + Options Trading Strategies   ARR  ARMOUR Residential REIT (0.75)


KTOS Forecast + Options Trading Strategies   KTOS  Kratos Defense & Security (0.74)


ATGE Forecast + Options Trading Strategies   ATGE  Adtalem Global Education (0.74)



Uncorrelated Stock Forecasts

Assets with little price relationship to FBIO



HXL Forecast + Options Trading Strategies   HXL  Hexcel (0.0)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.0)


SRE Forecast + Options Trading Strategies   SRE  Sempra Energy (0.01)


AL Forecast + Options Trading Strategies   AL  Air Lease Corp (0.01)


DOCN Forecast + Options Trading Strategies   DOCN  DigitalOcean (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against FBIO



NOK Forecast + Options Trading Strategies   NOK  Nokia (-0.71)


HSY Forecast + Options Trading Strategies   HSY  Hershey (-0.71)


POET Forecast + Options Trading Strategies   POET  POET (-0.72)


LSCC Forecast + Options Trading Strategies   LSCC  Lattice Semiconductor (-0.72)


HAS Forecast + Options Trading Strategies   HAS  Hasbro (-0.78)





Become a more profitable investor with AI optimized trading strategies






×

Chat with FBIO


 Ask any question about FBIO!