9 Meters Biopharma Inc. (NMTR): These Numbers Show Where NASDAQ:NMTR Stock Is Going Next

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.

A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .


Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

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).

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free