In yesterday’s Wall Street session, Molecular Templates Inc (NASDAQ:MTEM) shares traded at $0.75, down -19.35% from the previous session.
MTEM stock price is now -43.35% away from the 50-day moving average and -62.13% away from the 200-day moving average. The market capitalization of the company currently stands at $4.94M.
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With the price target of $12, BofA Securities recently initiated with Buy rating for Molecular Templates Inc (NASDAQ: MTEM). On February 01, 2021, UBS recently initiated its ‘Neutral’ rating on the stock quoting a target price of $13, while ‘Jefferies’ rates the stock as ‘Buy’
In other news, BIOTECH TARGET N V, 10% Owner bought 250,000 shares of the company’s stock on Apr 02 ’24. The stock was bought for $587,500 at an average price of $2.35. Upon completion of the transaction, the 10% Owner now directly owns 1,279,820 shares in the company, valued at $0.96 million. A total of 17.39% of the company’s stock is owned by insiders.
During the past 12 months, Molecular Templates Inc has had a low of $0.29 and a high of $6.49. As of last week, the company has a debt-to-equity ratio of 1.55, a current ratio of 1.56, and a quick ratio of 1.56. The fifty day moving average price for MTEM is $1.3246 and a two-hundred day moving average price translates $1.9803 for the stock.
The latest earnings results from Molecular Templates Inc (NASDAQ: MTEM) was released for 2024-06-30. The net profit margin was -61.35% and return on equity was -929.14% for MTEM. The company reported revenue of $0.57 million for the quarter, compared to $6.87 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -91.67 percent.
