Could Molecular Templates Inc’s (NASDAQ: MTEM) Earnings Exceed Your Expectations?

In the last trading session, 10.07 million shares of the Molecular Templates Inc (NASDAQ:MTEM) were traded, and its beta was 1.15. Most recently the company’s share price was $0.45, and it changed around -$0.02 or -3.10% from the last close, which brings the market valuation of the company to $2.29M. MTEM currently trades at a discount to its 52-week high of $5.45, offering almost -1111.11% off that amount. The share price’s 52-week low was $0.29, which indicates that the current value has risen by an impressive 35.56% since then. We note from Molecular Templates Inc’s average daily trading volume that its 10-day average is 34.1 million shares, with the 3-month average coming to 9.43 million.

Molecular Templates Inc stock received a consensus recommendation rating of Overweight, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended MTEM as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Molecular Templates Inc is expected to report earnings per share of 0.0 for the current quarter.

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Molecular Templates Inc (NASDAQ:MTEM) trade information

Instantly MTEM has showed a red trend with a performance of -3.10% 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 1.1300 on recent trading dayincreased the stock’s daily price by 60.18%. The company’s shares are currently down -87.86% year-to-date, but still up 30.12% over the last five days. On the other hand, Molecular Templates Inc (NASDAQ:MTEM) is -39.64% down in the 30-day period. We can see from the shorts that 0.27 million shares have been sold at a short interest cover period of 0.02 day(s).

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 34.83%.

MTEM Dividends

Molecular Templates Inc’s next quarterly earnings report is expected to be released in December.

Molecular Templates Inc (NASDAQ:MTEM)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 3.96% of Molecular Templates Inc shares, and 54.36% of them are in the hands of institutional investors. The stock currently has a share float of 56.61%.