Inhibrx Biosciences Inc (INBX) AI Stock Analysis

• Market Cap: $332.37M
• Dividend Yield: N/A
• Average Volume (3M): 106.42K
• Price to Earnings (P/E): 0.2
• Beta (1Y): 0.50
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 156
• Sector: General
• Sector Strength: N/A
• Industry: Biotechnology
• EPS (TTM): -2.80
• Shares Outstanding: 14,475,904
• 10 Day Avg. Volume: 154,512
• 30 Day Avg. Volume: 106,417
• PEG Ratio: -0.18
• Price to Book (P/B): 3.71
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.94
• Enterprise Value/Market Cap: 0.37
• Enterprise Value/Revenue: 31.03
• Enterprise Value/Gross Profit: -128.34
• Enterprise Value/Ebitda: 0.02
• 1Y Price Target: $15.00
• Price Target Upside: -34.67% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 60 Neutral
• Price Target: $21.00 ▼(-8.54%Downside)

Inhibrx Biosciences Inc's overall stock score is primarily influenced by its strong technical analysis, indicating bullish momentum. However, financial performance is weak, with significant operational and solvency challenges. Valuation is mixed, with a low P/E ratio suggesting potential undervaluation but no dividend yield for income investors.

Positive Factors

Clinical Trial Results

The 7.85-month median progression-free survival shows promising results when compared to expected outcomes for 2L+ CRC.

Drug Efficacy

Ozekibart in combination with FOLFIRI showed a promising 40% objective response rate in the treatment of heavily pretreated CRC patients.

Financial Strength

Inhibrx is well capitalized with $196.3 million in cash, allowing continued development of its key treatments.

Negative Factors

Adverse Effects

31% of patients experienced an increase in alanine aminotransferase, indicating potential safety issues.

Safety Concerns

A patient passed away due to neutropenic sepsis, raising concerns about the safety profile of the treatment.

Treatment Limitations

The safety profile of the combination therapy may limit its use, especially given the grade 5 event possibly linked to FOLFIRI.

Inhibrx Biosciences Inc Business Overview & Revenue Model

Company Description

Inhibrx Biosciences, Inc., a clinical-stage biopharmaceutical company, engages in the development of biologic therapeutics for people with life-threatening conditions. Its therapeutic candidates includes INBRX-109, a tetravalent therapeutic candidate targeting death-receptor 5 that is in phase 2 clinical trial for the treatment of unresectable or metastatic conventional chondrosarcoma; and INBRX-106, a hexavalent sdAb-based therapeutic candidate targeting OX4 that is in phase 2 clinical trial for the treatment of metastatic solid tumor, non-small cell lung cancer, melanoma, head and neck cancer, gastric (GIST) and gastroesophageal adenocarcinoma (GEA) cancer, renal cell carcinoma, and urothelial (transitional) cell carcinoma. The company was incorporated in 2024 and is based in La Jolla, California.

How the Company Makes Money

Inhibrx makes money primarily through the development and commercialization of its therapeutic candidates. The company's revenue streams include potential milestone payments and royalties from partnerships with larger pharmaceutical companies that license Inhibrx's proprietary therapies. Additionally, Inhibrx may receive funding through collaboration agreements, research grants, and potentially through the sale of developed drugs once they receive regulatory approval and enter the market. Key factors contributing to earnings include successful clinical trials, strategic partnerships, and the commercialization of its biologics.

Inhibrx Biosciences Inc Financial Statement Overview

Summary

Inhibrx Biosciences Inc faces significant operational challenges, with declining revenues and negative margins. The balance sheet shows high leverage and potential solvency risks, while cash flows remain consistently negative despite external financing. These factors contribute to a weak financial performance.

Income Statement

Inhibrx Biosciences Inc has faced significant challenges in revenue generation, with a decline from previous years and a negative EBIT and EBITDA margin indicating operational inefficiencies. Although there is a notable spike in net income for 2024, this appears to be an anomaly and not reflective of consistent profitability. Overall, the company struggles with achieving a sustainable revenue growth trajectory.

Balance Sheet

The company has shown some improvement in stockholders' equity, yet it remains heavily leveraged with a debt-to-equity ratio indicating high financial risk. The equity ratio is low, suggesting that the company relies significantly on debt financing, which could be risky if revenue does not improve. The high liabilities relative to assets further highlight potential solvency concerns.

Cash Flow

Operating cash flows are consistently negative, reflecting ongoing operational challenges. The free cash flow position is also negative, indicating limited internal generation of cash for reinvestment or debt repayment. However, the company has managed to secure external financing, which has supported liquidity but raises concerns about long-term financial sustainability.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	200.00K	1.80M	2.18M	7.13M	12.81M
Gross Profit	-2.08M	609.00K	-668.00K	4.44M	-60.69M
EBITDA	1.70B	-206.69M	-125.82M	-76.56M	-67.44M
Net Income	1.69B	-241.36M	-145.23M	-81.77M	-75.64M
Balance Sheet
Total Assets	180.77M	307.89M	290.88M	150.45M	143.74M
Cash, Cash Equivalents and Short-Term Investments	152.60M	277.92M	273.87M	131.30M	128.66M
Total Debt	8.05M	210.14M	202.07M	70.47M	37.45M
Total Liabilities	47.18M	264.39M	232.82M	98.07M	68.27M
Stockholders Equity	133.58M	43.50M	58.06M	52.38M	75.47M
Cash Flow
Free Cash Flow	-197.01M	-197.90M	-115.99M	-81.19M	-49.33M
Operating Cash Flow	-194.41M	-193.31M	-115.30M	-80.32M	-47.97M
Investing Cash Flow	-2.60M	-4.59M	-686.00K	-809.00K	-1.36M
Financing Cash Flow	71.68M	201.96M	258.55M	83.77M	166.46M

Inhibrx Biosciences Inc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 22.96
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INBX, the sentiment is Positive. The current price of 22.96 is above the 20-day moving average (MA) of 17.09, above the 50-day MA of 14.55, and above the 200-day MA of 14.24, indicating a bullish trend. The MACD of 2.25 indicates Negative momentum. The RSI at 86.94 is Negative, neither overbought nor oversold. The STOCH value of 92.30 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for INBX.

Inhibrx Biosciences Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INBX	60 Neutral	$332.37M	0.19	3250.55%	―	―	―
MGX	57 Neutral	$84.11M	―	-31.93%	―	-4.22%	18.67%
Sector *	57 Neutral	$5.77B	21.63	-28.61%	5.78%	10.78%	-31.91%
ANRO	42 Neutral	$72.55M	―	-38.04%	―	―	―
CTNM	39 Underperform	$96.50M	―	-91.32%	―	-100.00%	-244.85%
FBLG	38 Underperform	$24.08M	―	-559.73%	―	―	―
KYTX	36 Underperform	$189.95M	―	-49.72%	―	―	―

Inhibrx Biosciences Inc Corporate Events

Inhibrx Biosciences Concludes 2025 Annual Stockholders Meeting

Inhibrx Biosciences, Inc. held its 2025 Annual Meeting of Stockholders on May 28, 2025, in a virtual format. During the meeting, a quorum of approximately 79% of eligible shares was present. Key outcomes included the election of Jon Faiz Kayyem, Ph.D., and Kristiina Vuori, M.D., Ph.D., as Class I Directors to serve until the 2028 Annual Meeting, and the ratification of BDO USA, P.C. as the independent registered public accounting firm for the year ending December 31, 2025.