In last trading session, Marrone Bio Innovations Inc. (NASDAQ:MBII) saw 1.7 million shares changing hands with its beta currently measuring 0.30. Company’s recent per share price level of $0.81 trading at $0.11 or 15.91% at ring of the bell on the day assigns it a market valuation of $142.17M. That closing price of MBII’s stock is at a discount of -258.02% from its 52-week high price of $2.90 and is indicating a premium of 23.46% from its 52-week low price of $0.62. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.29 million shares which gives us an average trading volume of 358.22K if we extend that period to 3-months.
For Marrone Bio Innovations Inc. (MBII), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.03 in the current quarter.
Marrone Bio Innovations Inc. (NASDAQ:MBII) trade information
Upright in the green during last session for gaining 15.91%, in the last five days MBII remained trading in the green while hitting it’s week-highest on Thursday, 01/13/22 when the stock touched $0.81 price level, adding 4.71% to its value on the day. Marrone Bio Innovations Inc.’s shares saw a change of 12.89% in year-to-date performance and have moved 8.40% in past 5-day. Marrone Bio Innovations Inc. (NASDAQ:MBII) showed a performance of 23.18% in past 30-days. Number of shares sold short was 1.46 million shares which calculate 3.65 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $2.63 to the stock, which implies a rise of 69.2% to its current value. Analysts have been projecting $2.00 as a low price target for the stock while placing it at a high target of $4.00. It follows that stock’s current price would drop -393.83% in reaching the projected high whereas dropping to the targeted low would mean a loss of -146.91% for stock’s current value.
Marrone Bio Innovations Inc. (MBII) estimates and forecasts
Statistics highlight that Marrone Bio Innovations Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -42.75% of value to its shares in past 6 months, showing an annual growth rate of 25.00% while that of industry is 18.70. Apart from that, the company came raising its revenue forecast for fiscal year 2022. This year revenue growth is estimated to rise 12.70% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $9.75 million for the same. And 3 analysts are in estimates of company making revenue of $12.77 million in the next quarter that will end on Mar 2022. Company posted $7.72 million and $11.04 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 26.30% while estimating it to be 15.70% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 40.30% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 57.00% while estimates for its earnings growth in next 5 years are of 25.00%.
Marrone Bio Innovations Inc. is more likely to be releasing its next quarterly report between March 21 and March 25 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Marrone Bio Innovations Inc. (NASDAQ:MBII)’s Major holders
Insiders are in possession of 1.75% of company’s total shares while institution are holding 77.48 percent of that, with stock having share float percentage of 78.87%. Investors also watch the number of corporate investors in a company very closely, which is 77.48% institutions for Marrone Bio Innovations Inc. that are currently holding shares of the company. Macquarie Group Limited is the top institutional holder at MBII for having 16.91 million shares of worth $15.24 million. And as of Sep 29, 2021, it was holding 9.55% of the company’s outstanding shares.
The second largest institutional holder is Ardsley Advisory Partners, which was holding about 16.69 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 9.42% of outstanding shares, having a total worth of $15.04 million.
On the other hand, Delaware Ivy Science and Technology Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 15.82 million shares of worth $14.25 million or 8.93% of the total outstanding shares. The later fund manager was in possession of 2.81 million shares on Sep 29, 2021, making its stake of worth around $2.53 million in the company or a holder of 1.59% of company’s stock.