Ibrx forecast

The forecast for ImmunityBio, Inc. (IBRX) in 2024 is not as optimistic as that for Fox Corporation. Here's an analysis based on the available financial data:

1. **Earnings Per Share (EPS)**: The EPS for ImmunityBio, Inc. has been negative throughout the year, with the most recent data showing a loss of $-0.2 as of March 31, 2024. This indicates that the company is currently experiencing a loss per share, which is a red flag for investors.

|Ticker|Name|Diluted EPS year-on-year growth rate|Diluted EPS|Date|code|market_code|
|---|---|---|---|---|---|---|
|IBRX.O|ImmunityBio|-33.33333333333334|-0.32|2023 Q2|IBRX|185|
|IBRX.O|ImmunityBio|32.14285714285715|-0.19|2023 Q3|IBRX|185|
|IBRX.O|ImmunityBio|||2023 Q4|IBRX|185|
|IBRX.O|ImmunityBio|25.925925925925924|-0.2|2024 Q1|IBRX|185|

2. **Revenue Growth Rate**: The revenue growth rate for ImmunityBio, Inc. is a concerning -88.89% as of March 31, 2024. This significant decline suggests that the company is facing challenges in generating revenue, which could be due to factors such as decreased demand for its products or services, or increased competition in the market.

|Ticker|Name|Total Revenue|Total Revenue year-on-year growth rate|Date|code|market_code|
|---|---|---|---|---|---|---|
|IBRX.O|ImmunityBio|41000|17.142857142857142|2023 Q2|IBRX|185|
|IBRX.O|ImmunityBio|82000|-30.508474576271187|2023 Q3|IBRX|185|
|IBRX.O|ImmunityBio|139000|90.41095890410958|2023 Q4|IBRX|185|
|IBRX.O|ImmunityBio|40000|-88.88888888888889|2024 Q1|IBRX|185|

3. **Return on Equity (ROE)**: The ROE data for ImmunityBio, Inc. is not available for 2024. Without this information, it's difficult to assess the company's profitability and efficiency in generating returns on equity.
4. **Analyst Price Targets**: Despite the negative financial indicators, there is an average price target of $6.00 for ImmunityBio, Inc., with a high forecast of $6.00 and a low forecast of $6.00. This suggests that some analysts believe there could be potential upside in the stock price, possibly based on future developments or potential for growth in the industry.
5. **Stock Performance**: ImmunityBio, Inc.'s stock has experienced a decline, falling 4 days in a row, and is down by -16.39% for the period. This recent performance indicates a bearish sentiment among investors, which could be influenced by the company's negative financial metrics.
6. **Long-term Predictions**: Despite the short-term challenges, a long-term prediction suggests that ImmunityBio, Inc. stock could grow significantly, with forecasts indicating a potential rise of 64.08% over the next 3 months. However, these predictions are based on assumptions of future performance and should be taken with caution.

In conclusion, while there is some potential for growth according to the long-term predictions, the current financial data and recent stock performance for ImmunityBio, Inc. suggest that investors should exercise caution. The company's negative EPS, steep revenue decline, and lack of ROE data for 2024 indicate that it is facing significant challenges that could impact its future profitability. Investors should closely monitor the company's financials and any strategic initiatives it may undertake to address these issues before making any investment decisions.