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Healthcare - Biotechnology - NASDAQ - US
$ 5.84
6.76 %
$ 8.53 M
Market Cap
-0.34
P/E
1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one FBRX stock under the base case scenario is HIDDEN Compared to the current market price of 5.84 USD, Forte Biosciences, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart FBRX

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FINANCIALS
0 REVENUE
0.00%
-32.5 M OPERATING INCOME
-133.78%
-31.5 M NET INCOME
-126.79%
-28.7 M OPERATING CASH FLOW
-250.71%
47 K INVESTING CASH FLOW
0.00%
24.7 M FINANCING CASH FLOW
240.89%
0 REVENUE
0.00%
-8.63 M OPERATING INCOME
32.68%
-8.39 M NET INCOME
32.92%
-8.13 M OPERATING CASH FLOW
-37.01%
0 INVESTING CASH FLOW
0.00%
-2 K FINANCING CASH FLOW
80.00%
Balance Sheet Decomposition Forte Biosciences, Inc.
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Current Assets 38.3 M
Cash & Short-Term Investments 37.1 M
Receivables 0
Other Current Assets 1.2 M
Non-Current Assets 653 K
Long-Term Investments 0
PP&E 109 K
Other Non-Current Assets 544 K
Current Liabilities 3.67 M
Accounts Payable 1.42 M
Short-Term Debt 0
Other Current Liabilities 2.24 M
Non-Current Liabilities 0
Long-Term Debt 0
Other Non-Current Liabilities 0
EFFICIENCY
Earnings Waterfall Forte Biosciences, Inc.
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Revenue 0
Cost Of Revenue 9 K
Gross Profit -9 K
Operating Expenses 32.5 M
Operating Income -32.5 M
Other Expenses -1.01 M
Net Income -31.5 M
RATIOS
0.00% GROSS MARGIN
0.00%
0.00% OPERATING MARGIN
0.00%
0.00% NET MARGIN
0.00%
-89.13% ROE
-89.13%
-80.75% ROA
-80.75%
-91.99% ROIC
-91.99%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Forte Biosciences, Inc.
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Net Income -31.5 M
Depreciation & Amortization 9 K
Capital Expenditures -88 K
Stock-Based Compensation 3.28 M
Change in Working Capital -392 K
Others -794 K
Free Cash Flow -28.8 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Forte Biosciences, Inc.
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FBRX has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Forte Biosciences, Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
75 K USD 1
9-12 MONTHS
Date Value Insider Amount Avg Price
11 months ago
Dec 18, 2023
Bought 7.52 K USD
Wagner Paul A.
See Remarks
+ 10000
0.7525 USD
11 months ago
Dec 14, 2023
Bought 7.2 K USD
Wagner Paul A.
See Remarks
+ 10000
0.72 USD
11 months ago
Dec 13, 2023
Bought 7.35 K USD
Wagner Paul A.
See Remarks
+ 10520
0.6988 USD
11 months ago
Dec 12, 2023
Bought 3.09 K USD
Wagner Paul A.
See Remarks
+ 4776
0.6466 USD
11 months ago
Dec 11, 2023
Bought 16.2 K USD
Wagner Paul A.
See Remarks
+ 25000
0.6475 USD
11 months ago
Dec 08, 2023
Bought 9.3 K USD
Wagner Paul A.
See Remarks
+ 15000
0.62 USD
11 months ago
Dec 07, 2023
Bought 21.2 K USD
Wagner Paul A.
See Remarks
+ 36203
0.5847 USD
11 months ago
Nov 22, 2023
Bought 172 USD
Wagner Paul A.
See Remarks
+ 400
0.43 USD
11 months ago
Nov 20, 2023
Bought 42.5 USD
Wagner Paul A.
See Remarks
+ 100
0.4251 USD
11 months ago
Nov 20, 2023
Bought 673 USD
Wagner Paul A.
See Remarks
+ 1566
0.43 USD
11 months ago
Nov 20, 2023
Bought 2.33 K USD
Wagner Paul A.
See Remarks
+ 5300
0.44 USD
1 year ago
Dec 16, 2022
Bought 47 K USD
Wagner Paul A.
See Remarks
+ 44024
1.0676 USD
1 year ago
Dec 15, 2022
Bought 57.7 K USD
Wagner Paul A.
See Remarks
+ 55976
1.0303 USD
3 years ago
Sep 07, 2021
Sell 4.35 M USD
Wagner Paul A.
See Remarks
- 1000000
4.3471 USD
3 years ago
Sep 07, 2021
Sell 91.1 K USD
Riley Antony A
Chief Financial Officer
- 21484
4.24 USD
3 years ago
Sep 07, 2021
Sell 15 K USD
Riley Antony A
Chief Financial Officer
- 3516
4.27 USD
4 years ago
Jun 29, 2020
Bought 28.2 K USD
Riley Antony A
Chief Financial Officer
+ 2000
14.11 USD
4 years ago
Jun 26, 2020
Bought 68.2 K USD
Riley Antony A
Chief Financial Officer
+ 4700
14.516 USD
4 years ago
Jun 25, 2020
Bought 101 K USD
Wagner Paul A.
See Remarks
+ 7000
14.4794 USD
4 years ago
Apr 14, 2020
Bought 88.4 K USD
Oliveira Steven Michael
10 percent owner
+ 74301
1.19 USD
4 years ago
Mar 02, 2020
Bought 87.8 K USD
Oliveira Steven Michael
10 percent owner
+ 65149
1.347 USD
5 years ago
May 30, 2019
Bought 1.29 K USD
Hasnain Faheem
Director
+ 250
5.1495 USD
5 years ago
May 30, 2019
Bought 20.6 K USD
Hasnain Faheem
Director
+ 3890
5.299 USD
5 years ago
May 30, 2019
Bought 178 K USD
Hasnain Faheem
Director
+ 38860
4.5912 USD
5 years ago
May 28, 2019
Bought 21.5 K USD
FOLETTA MARK G
EVP & Chief Financial Officer
+ 5000
4.295 USD
5 years ago
May 28, 2019
Bought 21.7 K USD
Duvall Martin J
Chief Executive Officer
+ 5000
4.3357 USD
5 years ago
May 24, 2019
Bought 22.8 K USD
GRUBER HARRY E
President, Science&Innovation
+ 5000
4.5565 USD
7 years ago
Apr 19, 2017
Bought 25 K USD
Das Asha
SVP & Chief Medical Officer
+ 2500
10 USD
7 years ago
Apr 19, 2017
Bought 50 K USD
FOLETTA MARK G
EVP & Chief Financial Officer
+ 5000
10 USD
7 years ago
Apr 19, 2017
Bought 250 K USD
GRUBER HARRY E
President, Research & Devel
+ 25000
10 USD
7 years ago
Apr 19, 2017
Bought 100 K USD
SCHIMMEL PAUL
Director
+ 10000
10 USD
7 years ago
Apr 19, 2017
Bought 1 M USD
Hasnain Faheem
Director
+ 100000
10 USD
7. News
Forte Biosciences, Inc. Reports Inducement Grants Under Nasdaq Listing Rules DALLAS--(BUSINESS WIRE)--Forte Biosciences, Inc. (www.fortebiorx.com) (NASDAQ: FBRX), a clinical-stage biopharmaceutical company focused on autoimmune and autoimmune-related diseases, today announced the issuance of equity inducement awards as required by the Nasdaq Stock Market Rules. In accordance with NASDAQ Listing Rule 5635(c)(4), the Compensation Committee of Forte's Board of Directors approved the grant of equity awards to purchase a total of 70,000 shares of common stock to new non-exec. businesswire.com - 6 months ago
Forte Biosciences, Inc. Announces First Quarter 2024 Results and Provides Business Update DALLAS--(BUSINESS WIRE)--Forte Biosciences, Inc. (www.fortebiorx.com) (NASDAQ: FBRX), a clinical-stage biopharmaceutical company focused on autoimmune and autoimmune-related diseases, today announced first quarter 2024 results and provided a business update. First Quarter 2024 Business Highlights “Forte continues to make excellent progress with FB102. As we indicated last quarter, the single ascending dose (SAD) portion of the FB102 phase 1 trial was successfully completed. We expect the dosing. businesswire.com - 6 months ago
What Makes Forte Biosciences (FBRX) a New Buy Stock Forte Biosciences (FBRX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy). zacks.com - 7 months ago
Forte Biosciences, Inc. Announces 2023 Results and Provides Business Update DALLAS--(BUSINESS WIRE)--Forte Biosciences, Inc. (www.fortebiorx.com) (NASDAQ: FBRX), a clinical-stage biopharmaceutical company focused on autoimmune and autoimmune-related diseases, today announced its 2023 results and provided a business update. 2023 Business Highlights “Forte achieved a major milestone by advancing FB-102 into the clinic and beating the timelines we targeted in our third quarter business update. The single ascending dose (SAD) portion of the FB-102 phase 1 trial was success. businesswire.com - 8 months ago
Forte Biosciences, Inc. Reports Inducement Grant Under Nasdaq Listing Rules DALLAS--(BUSINESS WIRE)--Forte Biosciences, Inc. (www.fortebiorx.com) (NASDAQ: FBRX), a biopharmaceutical company focused on autoimmune diseases today announced the issuance of an equity inducement award as required by the Nasdaq Stock Market Rules. In accordance with NASDAQ Listing Rule 5635(c)(4), the Compensation Committee of Forte's Board of Directors approved the grant of an equity award to purchase 25,000 shares of common stock to a new non-executive employee as a material inducement to s. businesswire.com - 11 months ago
ISS and Glass Lewis Recommend Forte Biosciences Stockholders Vote FOR Boardroom Change at the Company's Upcoming Annual Meeting NEW YORK--(BUSINESS WIRE)--Camac Partners, LLC (“Camac”) and ATG Capital Management, LLC (“ATG”) (together with the other participants in their solicitation, the “Concerned Stockholders,” the “Group” or “we”), which collectively own approximately 8.5% of the outstanding common stock of Forte Biosciences, Inc. (Nasdaq: FBRX) (“Forte” or the “Company”), today announced that leading independent proxy advisory firms Institutional Shareholder Services Inc. (“ISS”) and Glass, Lewis & Co., LLC (“G. businesswire.com - 1 year ago
Concerned Stockholders of Forte Biosciences and Its Independent Director Candidates Share Key Facts that Reinforce the Need for Urgent Change in the Company's Boardroom NEW YORK--(BUSINESS WIRE)--Camac Partners, LLC (“Camac”) and ATG Capital Management, LLC (“ATG”) (together with the other participants in their solicitation, the “Concerned Stockholders,” the “Group” or “we”) collectively own approximately 8.5% of the outstanding common stock of Forte Biosciences, Inc. (Nasdaq: FBRX) (“Forte” or the “Company”). Today, the Group and its independent director candidates – Michael Hacke and Chris McIntyre – responded to misrepresentations and distortions included i. businesswire.com - 1 year ago
Concerned Stockholders of Forte Biosciences File Definitive Proxy Statement and Send Letter to Stockholders NEW YORK--(BUSINESS WIRE)--Camac Partners, LLC (“Camac”) and ATG Capital Management, LLC (“ATG”) (together with the other participants in their solicitation, the “Concerned Stockholders,” the “Group” or “we”), who collectively own approximately 8.5% of the outstanding common stock of Forte Biosciences, Inc. (Nasdaq: FBRX) (“Forte” or the “Company”), today announced that they have filed a definitive proxy statement with the U.S. Securities and Exchange Commission (the “SEC”) in connection with F. businesswire.com - 1 year ago
Forte Biosciences, Inc. Announces Second Quarter 2023 Results and Provides Business Update DALLAS--(BUSINESS WIRE)--Forte Biosciences, Inc. (www.fortebiorx.com) (NASDAQ: FBRX), a biopharmaceutical company focused on autoimmune and autoimmune-detailed diseases, today announced second quarter 2023 results and provided a business update. Second Quarter 2023 Business Highlights “We were pleased to announce earlier in the month that FB-102 had demonstrated potentially best in class activity and plan to advance FB-102 into the clinic in 2024,” said Paul Wagner, Ph.D., Chairman and Chief Ex. businesswire.com - 1 year ago
Forte Biosciences, Inc. Announces $25 Million Financing and R&D Update for FB-102 DALLAS--(BUSINESS WIRE)--Forte Biosciences, Inc. (www.fortebiorx.com) (NASDAQ: FBRX), a biopharmaceutical company focused on autoimmune diseases, today announced key R&D updates for FB-102 and the closing of financing to support the advancement of FB-102. “FB-102 had demonstrated potentially best in class activity including in graft versus host disease (GvHD), an indication for which there is a very high unmet medical need and potentially abbreviated clinical development pathway. We plan to. businesswire.com - 1 year ago
Forte Biosciences, Inc. Reports Inducement Grant Under Nasdaq Listing Rules DALLAS--(BUSINESS WIRE)--Forte Biosciences, Inc. (www.fortebiorx.com) (NASDAQ: FBRX), a biopharmaceutical company focused on autoimmune diseases, today announced the issuance of an equity inducement award as required by the Nasdaq Stock Market Rules. In accordance with NASDAQ Listing Rule 5635(c)(4), the Compensation Committee of Forte's Board of Directors approved the grant of an equity award to purchase 15,000 shares of common stock to a new non-executive employee as a material inducement to. businesswire.com - 1 year ago
Forte Biosciences, Inc. Reports Inducement Grant Under Nasdaq Listing Rules DALLAS--(BUSINESS WIRE)--Forte Biosciences, Inc. (www.fortebiorx.com) (NASDAQ: FBRX), a biopharmaceutical company focused on autoimmune diseases, today announced the issuance of an equity inducement award as required by the Nasdaq Stock Market Rules. In accordance with NASDAQ Listing Rule 5635(c)(4), the Compensation Committee of Forte’s Board of Directors approved the grant of an equity award to purchase 15,000 shares of common stock to a new non-executive employee as a material inducement to such individual’s accepting employment with the Company, with such award vesting over four years, with twenty-five percent vesting on the one-year anniversary of the grant date and the remaining seventy-five percent vesting in equal monthly increments over the succeeding thirty-six months, subject to the individual’s continuous employment through each vesting date. The Inducement Award was made under Forte’s 2020 Inducement Equity Incentive Plan and related award agreements and will have terms and conditions generally consistent with those of Forte’s 2021 Equity Incentive Plan. About Forte Forte Biosciences, Inc. is a biopharmaceutical company that is advancing through preclinical trials its product candidate, FB-102, which is a proprietary molecule with potentially broad autoimmune applications in such indications as graft-versus-host disease, vitiligo and alopecia areata. Source: Forte Biosciences, Inc. businesswire.com - 1 year ago
8. Profile Summary

Forte Biosciences, Inc. FBRX

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COUNTRY US
INDUSTRY Biotechnology
MARKET CAP $ 8.53 M
Dividend Yield 0.00%
Description 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.
Contact 3060 Pegasus Park Drive, Dallas, TX, 75247 https://www.fortebiorx.com
IPO Date April 13, 2017
Employees 11
Officers Mr. Antony A. Riley CPA Chief Financial Officer Mr. Christopher Roenfeldt Chief Operating Officer Dr. Paul A. Wagner Ph.D. Chief Executive Officer, President & Chairman Mr. Steven Ruhl Chief Technical Officer Dr. Barbara K. Finck M.D. Chief Medical Clinician & Director