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FBFBRX

Forte Biosciences, Inc.

$FBRX·$510M·Biotechnology·Healthcare
$43.92+19.7%YTD+34.8%1Y+194.1%
Mentions · last 7 days
2026-07-03: 1 posts2026-07-04: 0 posts2026-07-05: 0 posts2026-07-06: 1 posts2026-07-07: 10 posts2026-07-08: 10 posts2026-07-09: 231 posts253
Price updated 11m ago·X counts updated 23h ago
FBFBRX
$FBRXForte Biosciences, Inc.
$43.92+19.67%253 posts
AI analysisFundamentalsVoices on X
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What it does

Plain-English summary of the business — what they sell and how they make money.

Forte Biosciences, Inc. is a U.S.-based biopharmaceutical company currently in its clinical development phase. The firm's key initiative involves advancing the FB-102 program, which is designed to tackle a variety of autoimmune conditions, notably vitiligo and alopecia areata. Their main offices are situated in Dallas, Texas.

Industry overviewAI analysisGenerated by AI from underlying data

Where Biotechnology sits in its cycle right now — and what that implies for $FBRX.

Biotechnology · Healthcare

IBB +2.9% on GLP-1 pipeline momentum and MRNA's post-9-0 FDA vote continuation — ADA conference oral formulation competition is bifurcating biotech multiples between GLP-1 platform holders and precision oncology innovators.

Top industry ETF

$IBBiShares Biotechnology ETF
+16.3%YTD
+49.2%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-8.0How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
-177%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
0.0%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
-11.7%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
0.0Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
-106%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
0.0%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.0Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q1 2026May 11, 2026$-1.24$-1.16-6.9%
Q4 2025Mar 31, 2026$-1.45$-1.42-2.1%
Q3 2025Nov 14, 2025$-0.99$-1.04+4.8%
Q2 2025Aug 14, 2025$-0.96$-1.21+20.7%
Next earningsThu, Aug 13·consensus EPS $-1.03

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$0———$-1.24$-18.8M
Q4 FY25$0———$-1.39$-16.5M
Q3 FY25$0———$-0.99$-14.1M
Q2 FY25$0———$-0.96$-10.1M

Forward consensus

5-year forecast · up to 4 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$9.0M$9.0M – $9.0M-$4.11-$4.31 – -$3.904
FY27$22.5M$22.5M – $22.5M-$4.25-$5.71 – -$2.794
FY28$14.3M$14.3M – $14.3M-$4.17-$5.46 – -$2.493
FY29$32.4M$32.4M – $32.4M-$5.93-$5.93 – -$5.932
FY30$53.4M$53.4M – $53.4M-$5.80-$5.80 – -$5.801

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.12.4×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.97%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.+70.8%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.+59.7%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatLow float · 12.1M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today40.0% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β2.845-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.FilingActive offeringA shelf registration (S-3 / S-3ASR / S-1) or prospectus supplement (424B*) was filed in the last 90 days — the company is registered to (or actively) issuing new shares. Dilution risk.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

No open-market buys or sells in the last 180 days.

+ 18 other (10 awards · 4 exempts · 4 inkinds) in window

See when $FBRX insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-KPress release / Reg FDJul 98-K — Item 7.01: Press release / Reg FD · Item 8.01: Other event
AI summary

Forte Biosciences reported positive Phase 1b clinical results for FB102, its investigational therapy targeting vitiligo, under Regulation FD and Item 8.01. The study demonstrated a meaningful reduction in depigmentation area and acceptable tolerability in treated patients. Vitiligo represents a significant unmet medical need with limited approved systemic options, making a positive Phase 1b read a potentially material catalyst. The company intends to discuss next steps for the program, including potential Phase 2 trial design, in upcoming investor communications.

S-3/AShelf registrationJun 8S-3/A
AI summary

Forte Biosciences filed Amendment No. 1 to its Form S-3 shelf registration statement (Reg. No. 333-296425) on June 5, 2026, amending the original June 2, 2026 registration to incorporate required updates or corrections for SEC effectiveness. The S-3 registers securities for potential future issuance on a delayed or continuous basis under Rule 415, but does not represent a commitment to any specific offering. This is a procedural amendment filing; the company remains a smaller reporting company. No specific offering terms, share counts, or use-of-proceeds were disclosed.

S-3Shelf registrationJun 2S-3
AI summary

Forte Biosciences filed an original Form S-3 shelf registration statement on June 2, 2026, registering an unspecified amount of securities for future issuance on a delayed or continuous basis under Rule 415. The S-3 covers potential future offerings of common stock, preferred stock, warrants, and/or units. The registration does not commit the company to any specific offering and will only become effective upon SEC review and declaration. The shelf registration provides financial flexibility for future capital raises as Forte advances its FB102 vitiligo program.

8-KOfficer or director changeJun 28-K — Item 5.02: Officer or director change · Item 5.07: Shareholder vote
AI summary

Forte Biosciences held its 2026 Annual Meeting of Stockholders on May 29, 2026, with shareholder voting results reported under Items 5.02 and 5.07. Shareholders approved the further amendment and restatement of the 2021 Equity Incentive Plan, increasing total authorized shares to 5,190,000 (adding 1,850,000 newly requested shares to the prior 3,340,000 approved in January 2025). The plan covers grants of stock options, RSUs, and performance awards to employees, directors, and consultants. The equity plan expansion provides Forte with additional share-based compensation capacity as it advances its Phase 1b vitiligo program.

424B5Prospectus supplement (offering)Apr 9424B5
8-KMaterial agreementApr 98-K — Item 1.01: Material agreement · Item 7.01: Press release / Reg FD · Item 8.01: Other event
424B5Prospectus supplement (offering)Apr 8424B5
+ 20 other (12 13Gs · 2 earnings 8-Ks · 1 EFFECT · 1 S-8) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Forte Biosciences, Inc. (FBRX) Discusses Positive Results From FB102 Phase 1b Vitiligo Study and Mechanism of Action Transcriptseekingalpha.com·1d agoForte Biosciences shares surge after positive phase 1b vitiligo resultsproactiveinvestors.com·1d agoForte Biosciences Skin Pigmentation Disorder Drug Shows Strong Efficacy, Safety In Early Studybenzinga.com·1d agoForte Biosciences shares surge after positive phase 1b vitiligo resultsproactiveinvestors.com·1d agoFB102 Achieves Statistically Significant Improvement in Vitiligo at Week 24 After Completion of 12-Week Treatment Periodgurufocus.com·2d ago

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Voices on X · last 7 days

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