During the last session, 9 Meters Biopharma, Inc. (NASDAQ:NMTR)’s traded shares were 13,887,717, with the beta value of the company hitting -3.92. At the end of the trading day, the stock’s price was $1.23, reflecting an intraday gain of 10.81% or $0.12. The 52-week high for the NMTR share is $2.26, that puts it down -83.74% from that peak though still a striking +65.04% gain since the share price plummeted to a 52-week low of $0.43. The company’s market capitalization is $308.2 Million, and the average intraday trading volume over the past 10 days was 13.45 Million shares, and the average trade volume was 11.17 Million shares over the past three months.

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9 Meters Biopharma, Inc. (NMTR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.7. NMTR has a Sell rating from none of the analyst(s) out of 5 analysts who have looked at this stock. Neither of the analyst(s) recommend to Hold the stock while none of them suggest Overweight, and 5 recommend a Buy rating for it. None of the analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.03.

9 Meters Biopharma, Inc. (NASDAQ:NMTR): Trading Information

9 Meters Biopharma, Inc. (NMTR) registered a 10.81% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 6.11% in intraday trading to $1.31 this Wednesday, Apr 07, hitting a weekly high. The stock’s 5-day price performance is -9.56%, and it has moved by -10.87% in 30 days. Despite these dips, the overall price performance for the year is 43.19%. The short interest in 9 Meters Biopharma, Inc. (NASDAQ:NMTR) is 3.71 Million shares and it means that shorts have 0.33 day(s) to cover.

The consensus price target of analysts on Wall Street is $5, which implies an increase of 306.5% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $6 respectively. As a result, NMTR is trading at a discount of 387.8% off the target high and 143.9% off the low.

9 Meters Biopharma, Inc. (NMTR) projections and forecasts

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 44.3%. While earnings are projected to return 28.3% in 2021, the next five years will return 0% per annum.

9 Meters Biopharma, Inc. (NASDAQ:NMTR)’s Biggest Investors

9 Meters Biopharma, Inc. insiders own 11% of total outstanding shares while institutional holders control 26.83%, with the float percentage being 30.14%. Orbimed Advisors LLC. is the largest shareholder of the company, while 61 institutions own stock in it. As of Dec 30, 2020, the company held over 25.72 Million shares (or 11.9% of all shares), a total value of $22.09 Million in shares.

The next largest institutional holding, with 13Million shares, is of Adage Capital Partners GP L.L.C.’s that is approximately 6.02% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $11.17 Million.

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Also, the Mutual Funds coming in first place with the largest holdings of 9 Meters Biopharma, Inc. (NMTR) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Dec 30, 2020 indicates that Vanguard Total Stock Market Index Fund owns about 4,740,175 shares. This amounts to just over 2.19 percent of the company’s overall shares, with a $4.07 Million market value. The same data shows that the other fund manager holds slightly less at 2.06 Million, or about 0.95% of the stock, which is worth about $1.77 Million.

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