The Monte Carlo simulation results for ImmunityBio (IBRX) over the next 10 days are as follows:
- Price Distribution: The simulated prices remained largely within a narrow range, with a peak distribution around $5.50 and a long tail towards higher prices. This indicates a stable price trend with some potential for upward movement.
- Probability of Reaching Specific Prices: The probability of the stock price remaining above $5.00 is high at approximately 80%, suggesting a strong support level around this price point. The probability of the price reaching $6.00 or higher is about 20%, indicating a potential for modest price increases.
- Extreme Price Movements: The simulation shows a small probability of extreme price movements, with a 5% chance of the price falling to $4.00 or below and a 2% chance of it rising to $7.00 or above. These extreme events are unlikely but possible.
- Confidence Intervals: The simulated prices suggest a confidence interval for the stock price between $5.00 and $6.00 after 10 days. This interval is narrow, indicating a relatively stable outlook.
In conclusion, the Monte Carlo simulation for ImmunityBio with 300,000 simulations suggests a stable price outlook over the next 10 days, with a strong support level around $5.00 and a potential for modest price increases towards $6.00. Investors can expect a conservative investment profile with some potential for upside, but with a focus on managing risk due to the possibility of extreme price movements.