IN8bio (INAB) AI Stock Analysis

• Market Cap: $12.28M
• Dividend Yield: N/A
• Average Volume (3M): 1.30M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.76
• Revenue Growth: N/A
• EPS Growth: 38.53%
• Country: US
• Employees: 18
• Sector: Healthcare
• Sector Strength: 77
• Industry: Biotechnology
• EPS (TTM): -0.62
• Shares Outstanding: 81,258,766
• 10 Day Avg. Volume: 1,043,520
• 30 Day Avg. Volume: 1,295,327
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -1.20
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $3.07
• Price Target Upside: 1946.67% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

IN8bio's overall stock score is driven primarily by its financial challenges, reflected in significant operational losses and reliance on external financing. Technical indicators highlight bearish sentiment, while valuation metrics indicate market skepticism about near-term profitability. These factors collectively result in a low overall score.

Positive Factors

Clinical Outcomes

INB-100 treated AML patients demonstrate 100% survival and complete remission at a median follow-up of 20.1 months.

Clinical Trial Progress

The INB-100 treatment has shown benefits beyond existing treatments while maintaining a clean safety profile with no severe side effects reported.

Financial Stability

Management expects the company's cash reserves to support operations until March 2026, indicating financial stability.

Negative Factors

Financial Risk

Capital overhang remains the key risk for INAB with approximately $15 million at the end of 3Q24.

Stock Dilution

The price target is lowered to $6 per share due to stock dilution.

Study Limitations

The data is from an open-arm single center study, which may limit the generalizability of the results.

IN8bio Business Overview & Revenue Model

Company Description

IN8bio, Inc. (NASDAQ: INAB) is a clinical-stage biotechnology company focused on developing innovative gamma-delta T cell therapies for the treatment of cancer. The company operates in the biotechnology and healthcare sectors, leveraging its proprietary technology platform to create cell-based immunotherapies aimed at targeting both solid tumors and hematologic malignancies. IN8bio's core products are designed to harness the power of the immune system to recognize and attack cancer cells, offering potential therapeutic options for patients with limited treatment alternatives.

How the Company Makes Money

IN8bio generates revenue primarily through collaborations and strategic partnerships with other biotechnology and pharmaceutical companies. These partnerships involve licensing agreements, milestone payments, and royalties linked to the development and commercialization of its proprietary gamma-delta T cell therapies. Additionally, the company may receive funding from grants and research support from governmental agencies or non-profit organizations interested in advancing cancer immunotherapy research. As IN8bio progresses towards commercialization, revenue streams may also include direct sales of approved therapies, pending successful clinical trials and regulatory approvals.

IN8bio Financial Statement Overview

Summary

IN8bio's financial performance reflects a typical biotechnology company in the developmental stage, with a strong reliance on external funding due to non-existent revenues and substantial operational losses. While the company has managed to secure financing to support operations, the declining equity and significant negative cash flows present financial stability challenges in the long term.

Income Statement

IN8bio has consistently reported zero revenue over the years, which is typical for early-stage biotechnology firms that rely on funding rather than sales. The company has reported increasing net losses annually, with a net income of -$30.4 million in the most recent year, reflecting significant operational expenses and R&D costs.

Balance Sheet

The company's balance sheet shows a declining stockholders' equity from $38.2 million in 2021 to $14.5 million in 2024, indicating substantial use of equity to fund operations. The debt-to-equity ratio has increased, reflecting increased reliance on debt despite a relatively low total debt level. The equity ratio has also decreased, indicating a higher proportion of liabilities in the capital structure.

Cash Flow

IN8bio's cash flow statements reveal large negative free cash flows, primarily due to substantial operating cash outflows. The company has been relying heavily on financing activities to fund its operations, as seen in significant financing cash inflows. This pattern highlights potential liquidity risks if external financing becomes unavailable.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
3.75M	0.00	0.00	0.00	0.00	0.00
	Gross Profit
1.86M	0.00	-2.50M	-1.10M	-251.00K	-96.00K
	EBIT
-31.88M	-30.44M	-30.34M	-28.52M	-14.65M	-8.56M
	EBITDA
-28.66M	-30.44M	-28.50M	-27.42M	-14.40M	-8.47M
	Net Income Common Stockholders
-31.88M	-30.44M	-30.01M	-27.42M	-14.65M	-8.56M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
610.00K	11.12M	21.28M	18.18M	37.02M	17.99M
	Total Assets
1.13M	20.94M	33.71M	33.04M	42.22M	20.91M
	Total Debt
0.00	5.03M	4.89M	5.87M	2.41M	174.00K
	Net Debt
-610.00K	-6.09M	-16.39M	-12.31M	-34.61M	-17.82M
	Total Liabilities
1.48M	6.47M	8.77M	10.31M	4.04M	2.59M
	Stockholders Equity
-346.00K	14.48M	24.94M	22.73M	38.18M	18.32M
Cash Flow		Free Cash Flow
-25.11M	-24.25M	-23.94M	-27.83M	-13.82M	-7.13M
	Operating Cash Flow
-24.97M	-24.15M	-23.34M	-24.12M	-13.51M	-7.13M
	Investing Cash Flow
-143.00K	-187.00K	-600.00K	-3.71M	-309.00K	0.00
	Financing Cash Flow
16.35M	14.18M	27.04M	8.99M	32.95M	24.52M

IN8bio Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.15
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INAB, the sentiment is Negative. The current price of 0.15 is below the 20-day moving average (MA) of 0.21, below the 50-day MA of 0.25, and below the 200-day MA of 0.41, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 26.46 is Positive, neither overbought nor oversold. The STOCH value of 11.62 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for INAB.

IN8bio Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	48 Neutral	$6.36B	1.14	-49.01%	2.63%	17.12%	1.49%
IOVA	48 Neutral	$983.63M	―	-57.48%	―	13698.99%	31.46%
ADAP	46 Neutral	$66.06M	―	-273.36%	―	194.23%	45.50%
FATE	42 Neutral	$86.28M	―	-54.21%	―	-78.55%	-0.92%
ALLO	41 Neutral	$312.86M	―	-55.13%	―	-86.25%	36.10%
KPTI	36 Underperform	$32.49M	―	41.08%	―	-0.55%	49.85%
INAB	32 Underperform	$12.28M	―	-154.44%	―	―	38.53%