Stock analysis, trade plans, and proprietary indicators by Trend Edge.
About Forte Biosciences Inc
Forte Biosciences, Inc. operates as a clinical-stage biopharmaceutical company in the United States. The company's lead product candidate is the FB-102, a proprietary anti-CD122 monoclonal antibody therapeutic candidate for various autoimmune and autoimmune-related indications, such as celiac disease, vitiligo, alopecia areata, and type 1 diabetes. Forte Biosciences, Inc. Read full Trend Edge analysis →
Sector: Healthcare
Industry: Biotechnology
Exchange: NASDAQ
IPO Date: April 13, 2017
Headquarters: 3060 Pegasus Park Drive, Dallas, TX, United States, 75247
Founder-Led: Yes — Paul A. Wagner (CEO, President & Chairman)
Key Metrics
Current Price
$21.47
Market Cap
$416M
Float
18.1M
Shares Outstanding
20.5M
vs. Analyst Target
+196.9% to analyst PT
Dividend Rate
None
Analyst Target Price
$63.75 (4 analysts)
Financial History
Annual Revenue & Earnings History
Year
Revenue
Net Income
Gross Profit
EBITDA
2020
N/A
-$46.5M
-$54,000
-$46.4M
2021
N/A
-$21.7M
-$36,000
-$21.4M
2022
N/A
-$13.9M
N/A
-$13.9M
2023
N/A
-$31.5M
-$9,000
-$32.5M
2024
N/A
-$35.5M
-$39,000
-$35.4M
2025
N/A
-$69.4M
-$64,000
-$70.6M
Recent Quarterly Revenue & Net Income
Quarter
Revenue
Net Income
Jun 2025
N/A
-$11.2M
Sep 2025
N/A
-$17.7M
Dec 2025
N/A
-$24.8M
Mar 2026
N/A
-$22.1M
Ownership & Float
Insider Ownership
2.1%
Institutional Ownership
70.5%
Short Float
5.7%
% of All Funds Holding
0.78%
Number of Funds Holding
64
Current Moving Averages
Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.
Timeframe
SMA
Value
Trend Context
Weekly
10-Week SMA
$26.59
Near-term / short-term trend
Weekly
40-Week SMA
$22.40
Medium-term trend
Weekly
80-Week SMA
$17.39
Cyclical trend (business cycle)
Weekly
200-Week SMA
$18.69
Secular trend (multi-year)
Monthly
10-Month SMA
$21.83
Near-term monthly trend
Monthly
20-Month SMA
$16.93
Medium-term monthly trend
Monthly
40-Month SMA
$17.47
Secular monthly trend
Volume Shelves — Support & Resistance
Trend Edge identifies volume shelves: price zones where historically elevated trading volume
creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative
volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.
Price Level
Type
Volume Ratio
Age
$26.90
resistance
1.03x
0 months ago
$18.90
support
1.80x
4 months ago
$13.00
support
1.39x
5 months ago
$10.80
support
1.34x
7 months ago
$4.50
support
9.75x
17 months ago
Historical Earnings Reactions (37 events)
Timeframe
Avg Return
Median
Win Rate
Best
Worst
Gap
-1.03%
-0.25%
35.14%
6.30%
-9.91%
1 Day
-0.49%
0.18%
54.05%
15.63%
-20.51%
1 Week
10.49%
3.06%
64.86%
186.74%
-18.21%
2 Weeks
13.28%
3.40%
63.89%
320.43%
-44.63%
1 Month
11.92%
4.07%
58.33%
236.02%
-86.53%
Next earnings: August 2, 2026 (66 days away)
Seasonality & Day-of-Week Patterns
Monthly Seasonality
Month
Avg Return
Win Rate
Samples
Jan
-2.1%
33.3%
9
Feb
10.9%
44.4%
9
Mar
0.2%
44.4%
9
Apr
-4.6%
44.4%
9
May
-2.7%
55.6%
9
Jun
2.7%
33.3%
9
Jul
-4.5%
22.2%
9
Aug
1.5%
55.6%
9
Sep
-10.6%
33.3%
9
Oct
-15.3%
11.1%
9
Nov
49.5%
55.6%
9
Dec
4.5%
55.6%
9
Day-of-Week Tendencies
Day
Avg Return
Win Rate
Samples
Monday
-0.37%
43.1%
429
Tuesday
0.12%
47.7%
472
Wednesday
0.08%
45.5%
468
Thursday
-0.10%
41.5%
460
Friday
0.44%
48.8%
461
Top Institutional Holders
Institutional holder breakdown coming soon.
Total institutional ownership: 70.5%
Insider Transactions — Smart Summary
Total insider ownership: 2.1%
Founder-led management: Paul A. Wagner (CEO, President & Chairman)
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