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Inhibrx Biosciences Inc (INBX)
NASDAQ:INBX
US Market

Inhibrx Biosciences Inc (INBX) AI Stock Analysis

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Inhibrx Biosciences Inc

(NASDAQ:INBX)

Rating:49Neutral
Price Target:
$13.00
▲(1.09%Upside)
Inhibrx Biosciences Inc's overall stock score is primarily impacted by its poor financial performance, characterized by revenue and cash flow challenges and high leverage. While technical indicators show some positive momentum, potential overbought conditions and high financial risk weigh heavily. Valuation suggests potential undervaluation, but caution is advised due to underlying financial issues.
Positive Factors
Clinical Efficacy
Ozekibart in combination with FOLFIRI showed a promising 40% objective response rate in the treatment of heavily pretreated CRC patients.
Financial Stability
Inhibrx is well capitalized with $196.3 million in cash, allowing continued development of its key treatments.
Progression-Free Survival
The 7.85-month median PFS shows promising results when compared to expected outcomes for 2L+ CRC.
Negative Factors
Liver Enzyme Levels
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.

Inhibrx Biosciences Inc (INBX) vs. SPDR S&P 500 ETF (SPY)

Inhibrx Biosciences Inc Business Overview & Revenue Model

Company DescriptionInhibrx 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 MoneyInhibrx Biosciences Inc generates revenue primarily through strategic partnerships, licensing agreements, and collaborations with larger pharmaceutical companies. These partnerships typically involve upfront payments, milestone payments based on the achievement of specific development, regulatory, and commercial goals, and royalty payments on sales of products that arise from the collaborations. Additionally, the company may receive funding from governmental and non-governmental grants to support its research and development activities. Inhibrx's business model relies heavily on the successful progression of its drug candidates through clinical trials, which can then attract further investment and partnership opportunities.

Inhibrx Biosciences Inc Financial Statement Overview

Summary
Inhibrx Biosciences Inc presents a mixed financial picture with significant operational challenges. The income statement highlights issues with revenue generation and profitability, while the balance sheet indicates high leverage and potential solvency risks. Cash flow issues further exacerbate these concerns, despite some external financing support. Overall, the company needs to address these challenges to achieve a more stable financial footing.
Income Statement
30
Negative
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
40
Negative
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
45
Neutral
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 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
200.00K1.80M2.18M7.13M12.81M
Gross Profit
-2.08M609.00K-668.00K4.44M-60.69M
EBIT
-331.45M-219.22M-129.12M-76.56M-67.44M
EBITDA
1.70B-206.69M-125.82M-76.56M-67.44M
Net Income Common Stockholders
1.69B-241.36M-145.23M-81.77M-75.64M
Balance SheetCash, Cash Equivalents and Short-Term Investments
152.60M277.92M273.87M131.30M128.66M
Total Assets
180.77M307.89M290.88M150.45M143.74M
Total Debt
8.05M210.14M202.07M70.47M37.45M
Net Debt
-144.55M-67.78M-71.80M-60.83M-91.21M
Total Liabilities
47.18M264.39M232.82M98.07M68.27M
Stockholders Equity
133.58M43.50M58.06M52.38M75.47M
Cash FlowFree 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
71.68M201.96M258.55M83.77M166.46M

Inhibrx Biosciences Inc Technical Analysis

Technical Analysis Sentiment
Positive
Last Price12.86
Price Trends
50DMA
12.61
Positive
100DMA
13.05
Positive
200DMA
14.00
Negative
Market Momentum
MACD
0.15
Negative
RSI
58.08
Neutral
STOCH
73.92
Neutral
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 12.86 is above the 20-day moving average (MA) of 12.11, above the 50-day MA of 12.61, and below the 200-day MA of 14.00, indicating a neutral trend. The MACD of 0.15 indicates Negative momentum. The RSI at 58.08 is Neutral, neither overbought nor oversold. The STOCH value of 73.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for INBX.

Inhibrx Biosciences Inc Risk Analysis

Inhibrx Biosciences Inc disclosed 86 risk factors in its most recent earnings report. Inhibrx Biosciences Inc reported the most risks in the “Tech & Innovation” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Inhibrx Biosciences Inc Peers Comparison

Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
57
Neutral
$4.84B20.30-16.90%5.20%13.60%-28.06%
MGMGX
50
Neutral
$60.56M-31.93%-4.22%18.67%
49
Neutral
$186.16M0.113250.55%
42
Neutral
$77.70M-38.04%
39
Underperform
$92.23M-91.32%-100.00%-244.85%
38
Underperform
$30.99M-559.73%
36
Underperform
$111.50M-49.72%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
INBX
Inhibrx Biosciences Inc
13.13
-0.79
-5.68%
FBLG
FibroBiologics, Inc.
0.81
-11.18
-93.24%
ANRO
Alto Neuroscience, Inc.
2.87
-9.41
-76.63%
KYTX
Kyverna Therapeutics, Inc.
2.58
-10.65
-80.50%
MGX
Metagenomi, Inc.
1.66
-4.76
-74.14%
CTNM
Contineum Therapeutics, Inc. Class A
3.50
-11.20
-76.19%

Inhibrx Biosciences Inc Corporate Events

Executive/Board ChangesBusiness Operations and Strategy
Inhibrx Biosciences Appoints New President Amid Leadership Changes
Neutral
Apr 1, 2025

On April 1, 2025, Inhibrx Biosciences, Inc. announced the appointment of David J. Matly as President, effective immediately, while he continues his role as Chief Commercial and Business Development Officer. This strategic move is expected to leverage Matly’s extensive experience in commercial launch and business development, enhancing the company’s market position. Concurrently, Brendan P. Eckelman resigned as Chief Scientific Officer on March 31, 2025, to establish a new private biotechnology company, marking a significant shift in the company’s leadership dynamics.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.