Mustang Bio Inc (MBIO): A Technical Analysis

MBIO has 36-month beta value of 1.87. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”

The public float for MBIO is 33.65M, and currently, short sellers hold a 1.49% ratio of that float. The average trading volume of MBIO on November 07, 2024 was 1.82M shares.

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MBIO) stock’s latest price update

The stock of Mustang Bio Inc (NASDAQ: MBIO) has increased by 3.08 when compared to last closing price of 0.24.Despite this, the company has seen a loss of -11.64% in its stock price over the last five trading days. globenewswire.com reported 2024-11-07 that MB-108 (HSV-1 oncolytic virus) is active and well tolerated in patients with recurrent glioblastoma in ongoing Phase 1 clinical trial

MBIO’s Market Performance

Mustang Bio Inc (MBIO) has seen a -11.64% fall in stock performance for the week, with a 14.54% gain in the past month and a -29.31% plunge in the past quarter. The volatility ratio for the week is 11.15%, and the volatility levels for the past 30 days are at 13.29% for MBIO. The simple moving average for the past 20 days is -4.98% for MBIO’s stock, with a -54.15% simple moving average for the past 200 days.

Analysts’ Opinion of MBIO

Many brokerage firms have already submitted their reports for MBIO stocks, with BTIG Research repeating the rating for MBIO by listing it as a “Buy.” The predicted price for MBIO in the upcoming period, according to BTIG Research is $11 based on the research report published on May 18, 2021 of the previous year 2021.

B. Riley FBR, on the other hand, stated in their research note that they expect to see MBIO reach a price target of $9. The rating they have provided for MBIO stocks is “Buy” according to the report published on October 02nd, 2020.

Cantor Fitzgerald gave a rating of “Overweight” to MBIO, setting the target price at $7 in the report published on November 20th of the previous year.

MBIO Trading at -1.97% from the 50-Day Moving Average

After a stumble in the market that brought MBIO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -87.44% of loss for the given period.

Volatility was left at 13.29%, however, over the last 30 days, the volatility rate increased by 11.15%, as shares surge +11.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.00% lower at present.

During the last 5 trading sessions, MBIO fell by -12.46%, which changed the moving average for the period of 200-days by -82.11% in comparison to the 20-day moving average, which settled at $0.2601. In addition, Mustang Bio Inc saw -81.67% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for MBIO

Current profitability levels for the company are sitting at:

  • -11.43 for the present operating margin
  • 0.06 for the gross margin

The net margin for Mustang Bio Inc stands at -11.13. The total capital return value is set at 4.45. Equity return is now at value -1191.31, with -170.53 for asset returns.

Based on Mustang Bio Inc (MBIO), the company’s capital structure generated -0.15 points at debt to capital in total, while cash flow to debt ratio is standing at -24.82. The debt to equity ratio resting at -0.13. The interest coverage ratio of the stock is 11.74.

Currently, EBITDA for the company is -48.5 million with net debt to EBITDA at 0.1. When we switch over and look at the enterprise to sales, we see a ratio of 1.99. The receivables turnover for the company is 3.96for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.46.

Conclusion

To put it simply, Mustang Bio Inc (MBIO) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.

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