In the latest trading session, 0.54 million Mustang Bio Inc (NASDAQ:MBIO) shares changed hands as the company’s beta touched 1.96. With the company’s most recent per share price at $0.23 changing hands around $0.01 or 6.76% at last look, the market valuation stands at $8.64M. MBIO’s current price is a discount, trading about -817.39% off its 52-week high of $2.11. The share price had its 52-week low at $0.13, which suggests the last value was 43.48% up since then. When we look at Mustang Bio Inc’s average trading volume, we note the 10-day average is 0.27 million shares, with the 3-month average coming to 1.11 million.
Analysts gave the Mustang Bio Inc (MBIO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended MBIO as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Mustang Bio Inc’s EPS for the current quarter is expected to be 0.
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Mustang Bio Inc (NASDAQ:MBIO) trade information
Instantly MBIO is in green as seen in intraday trades today. With action 7.85%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -82.81%, with the 5-day performance at 7.85% in the green. However, in the 30-day time frame, Mustang Bio Inc (NASDAQ:MBIO) is 4.55% up. Looking at the short shares, we see there were 0.38 million shares sold at short interest cover period of 0.64 days.
Mustang Bio Inc (MBIO) estimates and forecasts
Data shows that the Mustang Bio Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -31.74% over the past 6 months, a 86.50% in annual growth rate that is considerably higher than the industry average of 17.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 18.87%. The 2024 estimates are for Mustang Bio Inc earnings to increase by 86.50%.
MBIO Dividends
Mustang Bio Inc is expected to release its next quarterly earnings report on 2024-Mar-11.
Mustang Bio Inc (NASDAQ:MBIO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 7.56% of Mustang Bio Inc shares while 2.31% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 2.50%.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund. With 73.42 shares estimated at $17760.0 under it, the former controlled 0.20% of total outstanding shares. On the other hand, Fidelity Extended Market Index Fund held about 0.16% of the shares, roughly 56.62 shares worth around $13695.0.
