9 Meters Biopharma Inc. (NASDAQ: NMTR) is 65.31% higher on its value in year-to-date trading and has touched a low of $0.37 and a high of $1.77 in the current 52-week trading range. The NMTR stock was last observed hovering at around $1.37 in the last trading session, with the day’s gains setting it 0.05% off its average median price target of $5.00 for the next 12 months. It is also 71.6% off the consensus price target high of $5.00 offered by 4 analysts, but current levels are 52.67% higher than the price target low of $3.00 for the same period.
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Currently trading at $1.42, the stock is 58.65% and 64.18% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 27.73 million and changing 3.65% at the moment leaves the stock 112.33% off its SMA200. NMTR registered 129.00% gain for a year compared to 6-month gain of 144.87%. The firm has a 50-day simple moving average (SMA 50) of $0.9330 and a 200-day simple moving average (SMA200) of $0.7197.
The stock witnessed a 69.05% loss in the last 1 month and extending the period to 3 months gives it a 74.90%, and is 59.73% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 21.74% over the week and 12.66% over the month.
Distance from 52-week low is 283.68% and -19.77% from its 52-week high.
9 Meters Biopharma Inc. (NMTR) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for 9 Meters Biopharma Inc. (NMTR) is a “Buy”. 4 analysts offering their recommendations for the stock have an average rating of 1.80, where 0 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
9 Meters Biopharma Inc. quarterly earnings per share for the current quarter are estimated at -$0.04.The EPS is expected to grow by 16.80% this year.
9 Meters Biopharma Inc. (NMTR) Top Institutional Holders
44 institutions hold shares in 9 Meters Biopharma Inc. (NMTR), with 19.14M shares held by insiders accounting for 12.73% while institutional investors hold 24.25% of the company’s shares. The shares outstanding are 141.63M, and float is at 116.68M with Short Float at 2.60%. Institutions hold 21.17% of the Float.
The top institutional shareholder in the company is Orbimed Advisors LLC. with over 25.72 million shares valued at $20.96 million. The investor’s holdings represent 17.11% of the NMTR Shares outstanding. As of Sep 29, 2020, the second largest holder is Millennium Management LLC with 0.92 million shares valued at $0.75 million to account for 0.61% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 0.77 million shares representing 0.51% and valued at over $0.62 million, while Geode Capital Management, LLC holds 0.25% of the shares totaling 0.37 million with a market value of $0.3 million.
9 Meters Biopharma Inc. (NMTR) Insider Activity
The most recent transaction is an insider purchase by Sirgo Mark A, the company’s Director. SEC filings show that Sirgo Mark A bought 230,769 shares of the company’s common stock on Dec 15 at a price of $0.65 per share for a total of $0.15 million. Following the purchase, the insider now owns 0.77 million shares.
9 Meters Biopharma Inc. disclosed in a document filed with the SEC on Dec 15 that Temperato John (Chief Executive Officer) bought a total of 153,846 shares of the company’s common stock. The trade occurred on Dec 15 and was made at $0.65 per share for $100000.0. Following the transaction, the insider now directly holds 0.98 million shares of the NMTR stock.
Still, SEC filings show that on Dec 15, Sitar Edward J (Chief Financial Officer) acquired 61,538 shares at an average price of $0.65 for $40000.0. The insider now directly holds 129,338 shares of 9 Meters Biopharma Inc. (NMTR).