Why Monopar Therapeutics Inc (NASDAQ: MNPR) Stock Shouldn’t Be Ignored In 2024

In the last trading session, 2.31 million shares of the Monopar Therapeutics Inc (NASDAQ:MNPR) were traded, and its beta was 1.23. Most recently the company’s share price was $17.83, and it changed around $0.9 or 5.32% from the last close, which brings the market valuation of the company to $62.76M. MNPR currently trades at a discount to its 52-week high of $38.50, offering almost -115.93% off that amount. The share price’s 52-week low was $1.37, which indicates that the current value has risen by an impressive 92.32% since then. We note from Monopar Therapeutics Inc’s average daily trading volume that its 10-day average is 2.59 million shares, with the 3-month average coming to 1.17 million.

Monopar Therapeutics Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended MNPR as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Monopar Therapeutics Inc is expected to report earnings per share of -0.48 for the current quarter.

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Monopar Therapeutics Inc (NASDAQ:MNPR) trade information

Instantly MNPR has showed a green trend with a performance of 5.32% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 38.50 on recent trading dayincreased the stock’s daily price by 53.69%. The company’s shares are currently up 948.21% year-to-date, but still up 239.62% over the last five days. On the other hand, Monopar Therapeutics Inc (NASDAQ:MNPR) is 163.37% up in the 30-day period. We can see from the shorts that 49852.0 shares have been sold at a short interest cover period of 0.15 day(s).

Monopar Therapeutics Inc (MNPR) estimates and forecasts

Monopar Therapeutics Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 448.62 percent over the past six months and at a 36.72% annual growth rate that is well above the industry average of 17.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 31.40% in revenue this quarter, and will report an increase of 20.00% in the next quarter.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -14.80%.

MNPR Dividends

Monopar Therapeutics Inc’s next quarterly earnings report is expected to be released in November.

Monopar Therapeutics Inc (NASDAQ:MNPR)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 53.33% of Monopar Therapeutics Inc shares, and 7.84% of them are in the hands of institutional investors. The stock currently has a share float of 16.79%. Monopar Therapeutics Inc stock is held by 11.0 institutions, with MILLENNIUM MANAGEMENT LLC being the largest institutional investor. By 2024-06-30, it held 1.2159% of the shares, which is about 0.19 million shares worth $0.15 million.

GEODE CAPITAL MANAGEMENT, LLC, with 0.3757% or 60036.0 shares worth $44906.0 as of 2024-06-30, holds the second largest percentage of outstanding shares.