In the last trading session, 1,526,841 shares of the Molecular Templates, Inc. (NASDAQ:MTEM) were traded, and its beta was 1.4. Most recently the company’s share price was $8.6, and it changed around -$0.91 or -0.1% from the last close, which brings the market valuation of the company to $533.06 Million. MTEM currently trades at a discount to its 52-week high of $18.44, offering almost -114.42% off that amount. The share price’s 52-week low was $7.51, which indicates that the current value has risen by an impressive 12.67% since then. We note from Molecular Templates, Inc.’s average daily trading volume that its 10-day average is 311.12 Million shares, with the 3-month average coming to 354.99 Million.
Molecular Templates, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.7. If we narrow it down even further, the data shows that none out of 9 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 1 recommended MTEM as a Hold, whereas 8 deemed it a Buy, and no one rated it as Underweight. Molecular Templates, Inc. is expected to report earnings per share of $0.07 for the current quarter.
Molecular Templates, Inc. (NASDAQ:MTEM): Trading Information
Although MTEM has showed a red trend with a performance of -9.52% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $12.83 on Wednesday, Mar 31 increased the stock’s daily price by 32.93%. The company’s shares are currently down -0.08% year-to-date, but still down -0.2504 over the last five days. On the other hand, Molecular Templates, Inc. (NASDAQ:MTEM) is -0.22% down in the 30-day period. We can see from the shorts that 1.11 Million shares have been sold at a short interest cover period of 0 day (s).
The consensus price target as assigned by Wall Street analysts is $17, which translates to bears needing to increase their stock price by 97.67% from its current value. Analyst projections state that MTEM is forecast to be at a low of $13 and a high of $22. In order for the stock price to hit the forecast high, the stock would need to surge +155.81% from its current level, while the stock would need to crash 51.16% from its current level to reach the projected low.
Molecular Templates, Inc. (MTEM) projections and forecasts
Molecular Templates, Inc. share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -21.49 percent over the past six months and at a -51.64% annual growth rate that is well below the industry average of 17.3%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +114.6% in revenue this quarter, and will report an increase of 30.9% in the next quarter. The year-over-year growth rate is expected to be 168.3%, up from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of $29.34 Million in revenue for the current quarter. 6 analysts expect Molecular Templates, Inc. to make $6.93 Million in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $9.88 Million and $6.91 Million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 197%. Forecasts for the next quarter put sales growth at 0.3%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -18.5%. Molecular Templates, Inc. earnings are expected to decrease by -19.9% in 2021, but the outlook is negative 0% per year for the next five years.
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Molecular Templates, Inc. (NASDAQ:MTEM)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 23.97% of Molecular Templates, Inc. shares, and 70.08% of them are in the hands of institutional investors. The stock currently has a share float of 92.18%. Molecular Templates, Inc. stock is held by 138 institutions, with Bellevue Group AG being the largest institutional investor. By Dec 30, 2020, it held 11.44% of the shares, which is about 6.41 Million shares worth $60.21 Million.
Blackrock Inc., with 5.49% or 3.08 Million shares worth $28.91 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Dec 30, 2020. The former held 1062361 shares worth $9.98 Million, making up 1.9% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 643.03 Thousand shares worth around $7.01 Million, which represents about 1.15% of the total shares outstanding.