MoonLake Immunotherapeutics (NASDAQ: MLTX) is -22.52% lower on its value in year-to-date trading and has touched a low of $35.11 and a high of $64.98 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MLTX stock was last observed hovering at around $47.48 in the last trading session, with the day’s loss setting it -0.69%.
Currently trading at $46.79, the stock is 0.65% and 4.74% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.19 million and changing -1.45% at the moment leaves the stock -2.63% off its SMA200. MLTX registered -16.73% loss for a year compared to 6-month loss of -8.11%.
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The stock witnessed a 11.27% gain in the last 1 month and extending the period to 3 months gives it a 15.08%, and is -5.99% 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 3.25% over the week and 4.81% over the month.
MoonLake Immunotherapeutics (MLTX) has around 50 employees, a market worth around $2.94B and $0.00M in sales. Distance from 52-week low is 33.27% and -27.99% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.49%).
The EPS is expected to shrink by -104.72% this year.
MoonLake Immunotherapeutics (MLTX) Top Institutional Holders
167.0 institutions hold shares in MoonLake Immunotherapeutics (MLTX), with institutional investors hold 117.24% of the company’s shares. The shares outstanding are 60.47M, and float is at 52.49M with Short Float at 14.79%. Institutions hold 99.34% of the Float.
The top institutional shareholder in the company is BVF INC/IL with over 21.75 million shares valued at $956.4 million. The investor’s holdings represent 34.7258% of the MLTX Shares outstanding. As of 2024-06-30, the second largest holder is CORMORANT ASSET MANAGEMENT, LP with 8.49 million shares valued at $$373.49 million to account for 13.5609 of the shares outstanding. The other top investors are FMR LLC which holds 3.64 million shares representing 5.8176% and valued at over $160.23 million, while AVORO CAPITAL ADVISORS LLC holds 4.4223 of the shares totaling 2.77 million with a market value of $121.8 million.
MoonLake Immunotherapeutics (MLTX) Insider Activity
The most recent transaction is an insider sale by Santos da Silva Jorge,the company’sChief Executive Officer. SEC filings show that Santos da Silva Jorge sold 62,810 shares of the company’s common stock on Feb 27 ’24 at a price of $55.00 per share for a total of $3.45 million. Following the sale, the insider now owns 3.04 million shares.
MoonLake Immunotherapeutics disclosed in a document filed with the SEC on Feb 28 ’24 that Santos da Silva Jorge (Chief Executive Officer) sold a total of 56,065 shares of the company’s common stock. The trade occurred on Feb 28 ’24 and was made at $55.00 per share for $3.08 million. Following the transaction, the insider now directly holds 2.99 million shares of the MLTX stock.
Still, SEC filings show that on Feb 29 ’24, Santos da Silva Jorge (Chief Executive Officer) disposed off 4,740 shares at an average price of $55.89 for $0.26 million. The insider now directly holds 2,982,814 shares of MoonLake Immunotherapeutics (MLTX).
