Streetbeat News

FBRX

Forte Biosciences, Inc.

https://www.fortebiorx.com

Industry

Biotechnology

Forte Biosciences, Inc. operates as a clinical-stage biopharmaceutical company in the United States. It is developing FB-102 program that addresses various autoimmune diseases, such as vitiligo and alopecia areata. The company is headquartered in Dallas, Texas.

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Several health care stocks experienced significant price movements during Thursday's intraday session. Notable gainers included Pasithea Therapeutics, Telesis Bio, and Adaptive Biotechnologies, while Inventiva and Theriva Biologics were among the biggest losers.

Portfolio Pulse from Benzinga Insights

September 26, 2024 | 4:31 pm

Trading for FBRX was halted at 7:50:00 p.m. ET due to pending news. This indicates that significant information regarding the company is expected to be released soon, which could impact its stock price.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 11:50 pm

Chardan Capital has reiterated its Buy rating for Forte Biosciences, maintaining a price target of $3. This suggests confidence in the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 12:33 pm

Forte Biosciences shares are trading lower after the company reported worse-than-expected Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 7:59 pm

Forte Biosciences (NASDAQ:FBRX) reported a Q2 EPS loss of $(0.27), missing the analyst consensus estimate of $(0.17) by 58.82%. This represents a 35.71% improvement over the $(0.42) loss per share from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 8:17 pm

Brookline Capital has initiated coverage on Forte Biosciences (NASDAQ:FBRX) with a Buy rating and set a price target of $4.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 9:56 am

Forte Biosciences reported a Q1 GAAP EPS of $(0.16), surpassing the estimated $(0.17).

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 9:12 pm

Forte Biosciences reported a Q1 2024 GAAP EPS of $(0.32), missing the consensus estimate of $(0.17) by 88.24%.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 8:22 pm

Ladenburg Thalmann analyst Michael Higgins upgrades Forte Biosciences (FBRX) from Neutral to Buy and sets a price target of $2.75.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 9:36 pm

Forte Biosciences, Inc. reported an increase in its 2023 EPS loss to $(1.00) from $(0.80) YoY. R&D expenses rose to $21.9 million, driven by manufacturing, preclinical, and clinical expenses, notably for the FB-102 program. G&A expenses also increased to $10.6 million due to higher professional and legal costs. The company ended the year with $37.1 million in cash and 36.3 million shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 8:13 pm

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