The 36-month beta value for MLTX is also noteworthy at 1.25. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for MLTX is 52.43M, and at present, short sellers hold a 15.09% of that float. The average trading volume of MLTX on August 01, 2024 was 349.98K shares.
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MLTX) stock’s latest price update
MoonLake Immunotherapeutics (NASDAQ: MLTX) has experienced a decline in its stock price by -1.80 compared to its previous closing price of 41.65. However, the company has seen a fall of -8.93% in its stock price over the last five trading days. seekingalpha.com reported 2024-07-18 that MoonLake Immunotherapeutics launched VELA-1 and VELA-2 as two studies using sonelokimab for the treatment of patients with Hidradenitis Suppurativa; Topline 16-week primary endpoint expected end of 2026. The global hidradenitis suppurativa market is expected to reach $1 billion by 2029. The initiation of the IZAR program, using sonelokimab for patients with Psoriatic Arthritis, is expected to launch in Q4 of 2024; Primary endpoint data is expected at the end of 2026.
MLTX’s Market Performance
MoonLake Immunotherapeutics (MLTX) has seen a -8.93% fall in stock performance for the week, with a 1.87% gain in the past month and a -4.53% plunge in the past quarter. The volatility ratio for the week is 4.70%, and the volatility levels for the past 30 days are at 5.63% for MLTX. The simple moving average for the past 20 days is -8.88% for MLTX’s stock, with a -15.53% simple moving average for the past 200 days.
Analysts’ Opinion of MLTX
Many brokerage firms have already submitted their reports for MLTX stocks, with Oppenheimer repeating the rating for MLTX by listing it as a “Outperform.” The predicted price for MLTX in the upcoming period, according to Oppenheimer is $104 based on the research report published on June 25, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see MLTX reach a price target of $62. The rating they have provided for MLTX stocks is “Neutral” according to the report published on April 02nd, 2024.
Wolfe Research gave a rating of “Outperform” to MLTX, setting the target price at $77 in the report published on February 15th of the current year.
MLTX Trading at -3.86% from the 50-Day Moving Average
After a stumble in the market that brought MLTX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -37.06% of loss for the given period.
Volatility was left at 5.63%, however, over the last 30 days, the volatility rate increased by 4.70%, as shares sank -3.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.56% upper at present.
During the last 5 trading sessions, MLTX fell by -9.13%, which changed the moving average for the period of 200-days by -25.35% in comparison to the 20-day moving average, which settled at $44.82. In addition, MoonLake Immunotherapeutics saw -32.27% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MLTX starting from Santos da Silva Jorge, who sale 4,740 shares at the price of $55.89 back on Feb 29 ’24. After this action, Santos da Silva Jorge now owns 2,982,814 shares of MoonLake Immunotherapeutics, valued at $264,919 using the latest closing price.
Santos da Silva Jorge, the Chief Executive Officer of MoonLake Immunotherapeutics, sale 56,065 shares at $55.00 during a trade that took place back on Feb 28 ’24, which means that Santos da Silva Jorge is holding 2,987,554 shares at $3,083,575 based on the most recent closing price.
Stock Fundamentals for MLTX
Current profitability levels for the company are sitting at:
- -3091.09 for the present operating margin
- -0.66 for the gross margin
The net margin for MoonLake Immunotherapeutics stands at -2060.8. The total capital return value is set at -0.11. Equity return is now at value -13.92, with -12.89 for asset returns.
Based on MoonLake Immunotherapeutics (MLTX), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -13.3. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -15.49.
Currently, EBITDA for the company is -54.11 million with net debt to EBITDA at 7.46. When we switch over and look at the enterprise to sales, we see a ratio of 110286.62. The receivables turnover for the company is 0.01for trailing twelve months and the total asset turnover is 0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 62.13.
Conclusion
In summary, MoonLake Immunotherapeutics (MLTX) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
