68 institutions hold shares in Matinas BioPharma Holdings Inc. (MTNB), with 15.36M shares held by insiders accounting for 7.71% while institutional investors hold 25.60% of the company’s shares. The shares outstanding are 198.91M, and float is at 184.06M with Short Float at 8.38%. Institutions hold 23.63% of the Float.
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The top institutional shareholder in the company is Boxer Capital, LLC with over 11.48 million shares valued at $8.79 million. The investor’s holdings represent 5.76% of the MTNB Shares outstanding. As of Sep 29, 2020, the second largest holder is Vivo Capital, LLC with 11.28 million shares valued at $8.64 million to account for 5.66% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 7.62 million shares representing 3.82% and valued at over $5.84 million, while Blackrock Inc. holds 1.13% of the shares totaling 2.24 million with a market value of $3.05 million.
Matinas BioPharma Holdings Inc. (AMEX: MTNB) is 3.68% higher on its value in year-to-date trading and has touched a low of $0.49 and a high of $2.22 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MTNB stock was last observed hovering at around $1.41 in the last trading session, with the day’s loss setting it 0.0% off its average median price target of $3.00 for the next 12 months. It is also 64.75% off the consensus price target high of $4.00 offered by 5 analysts, but current levels are 53.0% higher than the price target low of $3.00 for the same period.
Currently trading at $1.41, the stock is 0.39% and 5.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.13 million and changing 0.00% at the moment leaves the stock 47.92% off its SMA200. MTNB registered 12.80% gain for a year compared to 6-month gain of 71.68%. The firm has a 50-day simple moving average (SMA 50) of $1.4824 and a 200-day simple moving average (SMA200) of $1.0236.
The stock witnessed a -11.88% loss in the last 1 month and extending the period to 3 months gives it a 85.53%, and is -0.70% down 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 9.86% over the week and 11.09% over the month.
Matinas BioPharma Holdings Inc. (MTNB) has around 21 employees, a market worth around $281.20M and $0.10M in sales. Distance from 52-week low is 187.76% and -36.49% from its 52-week high.
Matinas BioPharma Holdings Inc. (MTNB) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Matinas BioPharma Holdings Inc. (MTNB) is a “Buy”. 5 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”. 5 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Matinas BioPharma Holdings Inc. is expected to release its quarterly report on 05/18/2021 and quarterly earnings per share for the current quarter are estimated at -$0.03 with sales reaching $1.02M over the same period.The EPS is expected to grow by 17.50% this year, but quarterly earnings will post 933.30% year-over-year.
Matinas BioPharma Holdings Inc. (MTNB) Insider Activity
A total of 2 insider transactions have happened at Matinas BioPharma Holdings Inc. (MTNB) in the last six months, with sales accounting for 0 and purchases happening 2 times. The most recent transaction is an insider purchase by STERN ADAM K, the company’s Director. SEC filings show that STERN ADAM K bought 20,000 shares of the company’s common stock on Aug 21 at a price of $0.83 per share for a total of $16600.0. Following the purchase, the insider now owns 3.3 million shares.
Matinas BioPharma Holdings Inc. (MTNB): Who are the competitors?
Omeros Corporation (OMER) is 73.65% up on the 1-year trading charts. Short interest in the company’s stock has fallen -4.6% from the last report on Dec 30, 2020 to stand at a total of 16.14 million short shares sold with a short interest ratio of 1.84.