The stock of Molecular Templates Inc (MTEM) has seen a -12.59% decrease in the past week, with a -34.82% drop in the past month, and a -73.65% decrease in the past quarter. The volatility ratio for the week is 22.80%, and the volatility levels for the past 30 days are at 23.12% for MTEM. The simple moving average for the last 20 days is -3.49% for MTEM’s stock, with a simple moving average of -74.28% for the last 200 days.
Is It Worth Investing in Molecular Templates Inc (NASDAQ: MTEM) Right Now?
Company’s 36-month beta value is 1.11.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for MTEM is 5.44M, and currently, short sellers hold a 4.97% ratio of that floaft. The average trading volume of MTEM on November 22, 2024 was 9.84M shares.
MTEM) stock’s latest price update
Molecular Templates Inc (NASDAQ: MTEM)’s stock price has gone rise by 7.47 in comparison to its previous close of 0.38, however, the company has experienced a -12.59% decrease in its stock price over the last five trading days. globenewswire.com reported 2024-08-14 that AUSTIN, Texas, Aug. 14, 2024 (GLOBE NEWSWIRE) — Molecular Templates, Inc. (Nasdaq: MTEM, “Molecular Templates,” or “MTEM”), a clinical-stage biopharmaceutical company focused on the discovery and development of proprietary targeted biologic therapeutics, engineered toxin bodies (“ETBs”), to create novel therapies with potent differentiated mechanisms of action, today reported financial results and business updates for the second quarter of 2024.
Analysts’ Opinion of MTEM
Many brokerage firms have already submitted their reports for MTEM stocks, with BofA Securities repeating the rating for MTEM by listing it as a “Buy.” The predicted price for MTEM in the upcoming period, according to BofA Securities is $12 based on the research report published on April 21, 2021 of the previous year 2021.
UBS, on the other hand, stated in their research note that they expect to see MTEM reach a price target of $13. The rating they have provided for MTEM stocks is “Neutral” according to the report published on February 01st, 2021.
Jefferies gave a rating of “Buy” to MTEM, setting the target price at $21 in the report published on September 08th of the previous year.
MTEM Trading at -51.52% from the 50-Day Moving Average
After a stumble in the market that brought MTEM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -92.39% of loss for the given period.
Volatility was left at 23.12%, however, over the last 30 days, the volatility rate increased by 22.80%, as shares sank -36.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -67.76% lower at present.
During the last 5 trading sessions, MTEM fell by -17.87%, which changed the moving average for the period of 200-days by -89.07% in comparison to the 20-day moving average, which settled at $0.4220. In addition, Molecular Templates Inc saw -89.05% 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 MTEM starting from BIOTECH TARGET N V, who sale 1,279,820 shares at the price of $0.66 back on Nov 14 ’24. After this action, BIOTECH TARGET N V now owns 0 shares of Molecular Templates Inc, valued at $845,833 using the latest closing price.
BIOTECH TARGET N V, the 10% Owner of Molecular Templates Inc, purchase 250,000 shares at $2.35 during a trade that took place back on Apr 02 ’24, which means that BIOTECH TARGET N V is holding 1,279,820 shares at $587,500 based on the most recent closing price.
Stock Fundamentals for MTEM
Current profitability levels for the company are sitting at:
- -0.34 for the present operating margin
- 0.63 for the gross margin
The net margin for Molecular Templates Inc stands at -0.29. The total capital return value is set at -0.45. Equity return is now at value -929.14, with -50.24 for asset returns.
Currently, EBITDA for the company is 1.43 million with net debt to EBITDA at -0.12. When we switch over and look at the enterprise to sales, we see a ratio of 0.16. The receivables turnover for the company is 32.04for trailing twelve months and the total asset turnover is 0.95. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.56.
Conclusion
In a nutshell, Molecular Templates Inc (MTEM) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
