Molecular Templates Inc (NASDAQ: MTEM) is -90.08% lower on its value in year-to-date trading and has touched a low of $0.29 and a high of $5.37 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 MTEM stock was last observed hovering at around $0.40 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $0.37, the stock is -9.89% and -53.98% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.98 million and changing -7.87% at the moment leaves the stock -76.22% off its SMA200. MTEM registered -92.45% loss for a year compared to 6-month loss of -68.10%. The firm has a 50-day simple moving average (SMA 50) of $0.8236 and a 200-day simple moving average (SMA200) of $1.57245.
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The stock witnessed a -26.04% gain in the last 1 month and extending the period to 3 months gives it a -75.58%, and is -8.35% 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 21.66% over the week and 25.48% over the month.
Molecular Templates Inc (MTEM) has around 62 employees, a market worth around $2.43M and $25.47M in sales. Profit margin for the company is -61.35%. Distance from 52-week low is 25.42% and -93.11% from its 52-week high. The company has generated returns on investments over the last 12 months (-100.81%).
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Molecular Templates Inc (MTEM) Top Institutional Holders
28.0 institutions hold shares in Molecular Templates Inc (MTEM), with institutional investors hold 36.45% of the company’s shares. The shares outstanding are 6.58M, and float is at 5.44M with Short Float at 4.97%. Institutions hold 35.01% of the Float.
Molecular Templates Inc (MTEM) Insider Activity
The most recent transaction is an insider sale by BIOTECH TARGET N V, the company’s 10% Owner. SEC filings show that BIOTECH TARGET N V sold 1,279,820 shares of the company’s common stock on Nov 14 ’24 at a price of $0.66 per share for a total of $0.85 million. Following the sale, the insider now owns 0.0 shares.
Molecular Templates Inc disclosed in a document filed with the SEC on Apr 02 ’24 that BIOTECH TARGET N V (10% Owner) bought a total of 250,000 shares of the company’s common stock. The trade occurred on Apr 02 ’24 and was made at $2.35 per share for $0.59 million. Following the transaction, the insider now directly holds 1.28 million shares of the MTEM stock.
