Alert: Major Price Advance (4/4/24)-XBiotech Inc (NASDAQ: XBIT).


On 4/4/24, XBiotech Inc (NASDAQ: XBIT) stock enjoyed a major increase of 11.5%, closing at $9.38. Moreover, unusually high trading volume at 182% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 17.7% during the last week.


Current PriceTarget Research Rating

XBIT’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.

XBiotech has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. XBiotech has a poor Appreciation Score of 19 but a good Power Rating of 74, resulting in the Negative Value Trend Rating.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.

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