Why Molecular Templates Inc (NASDAQ: MTEM) Stock Should Not Be Taken For Granted By Investors In 2024

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In today’s recent session, 0.88 million shares of the Molecular Templates Inc (NASDAQ:MTEM) have been traded, and its beta is 1.08. Most recently the company’s share price was $0.45, and it changed around $0.03 or 7.85% from the last close, which brings the market valuation of the company to $2.27M. MTEM at last check was trading at a discount to its 52-week high of $5.20, offering almost -1055.56% off that amount. The share price’s 52-week low was $0.29, which indicates that the recent 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 28.27 million shares, with the 3-month average coming to 14.41 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 for the current quarter.

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Molecular Templates Inc (NASDAQ:MTEM) trade information

Instantly MTEM has been showing a green trend so far today with a performance of 7.85% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.7840 on recent trading dayincreased the stock’s daily price by 42.6%. The company’s shares are currently down -87.99% year-to-date, but still up 23.26% over the last five days. On the other hand, Molecular Templates Inc (NASDAQ:MTEM) is 13.86% up in the 30-day period. We can see from the shorts that 2.46 million shares have been sold at a short interest cover period of 0.1 day(s).

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 35.01% of them are in the hands of institutional investors. The stock currently has a share float of 36.45%.

Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 49.89 shares worth $22274.0, making up 0.76% of all outstanding shares. On the other hand, Fidelity Extended Market Index Fund held roughly 29.85 shares worth around $13328.0, which represents about 0.45% of the total shares outstanding.