9 Meters Biopharma Inc. (NASDAQ:NMTR) traded with a subtraction of $0.0 to $0.22 on Thursday, a downside of -3.72 percent. An average of 862,848 shares of common stock have been traded in the last five days. There was a fall of -$0.0133 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 822,992 shares traded, while the 50-day average volume stands at 1,706,029.
NMTR stock has decreased by -13.58% in the last month. The company shares reached their 1-month lowest point of $0.2150 on 09/22/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $0.20 and a high of $1.46 in 52 weeks. It has reached a new high 2 times so far this year and lost -77.18% or -$0.7614 in price. In spite of this, the price is down -85.27% from the 52-week high.
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9 Meters Biopharma Inc. (NMTR) stock’s beta is -2.17. Other valuation ratios to consider include the price-to-book (PB) ratio at 2.48.
The quick ratio of 9 Meters Biopharma Inc. for the three months ended June 29 was 3.40, and the current ratio was 3.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $47000.0 compared to revenue of $36.76 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, 9 Meters Biopharma Inc.’s return on assets was -102.60%.
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$11.13 million in the quarter, while revenues of -$11.35 million were grew 25.88%. The analyst consensus anticipated 9 Meters Biopharma Inc.’s latest quarter earnings to come in at -$0.04 per share, but it turned out to be -$0.04, a 0.00% surprise. For the quarter, EBITDA amounted to -$11.19 million. Shareholders own equity worth $259.11 million.
From a technical analysis perspective, let’s take a brief look at 9 Meters Biopharma Inc. (NMTR) price momentum. RSI 9-day as of the close on 21 September was 30.01%, suggesting the stock is Neutral, with historical volatility in this time frame at 43.41%.
As of today, NMTR’s price is $0.2292 -5.77% or -$0.0133 from its 5-day moving average. NMTR is currently trading -25.04% lower than its 20-day SMA and -47.99% lower than its 100-day SMA. However, the stock’s current price level is -2.12% below the SMA50 and -75.70% below the SMA200.
The stochastic %K and %D were 7.05% and 12.11%, respectively, and the average true range (ATR) was 0.0200. With the 14-day stochastic at 3.13% and the average true range at 0.0224, the RSI (14) stands at 36.32%. The stock has reached -0.0144 on the 9-day MACD Oscillator while the 14-day reading was at -0.0234.
BMO Capital Markets launched coverage on 9 Meters Biopharma Inc. (NASDAQ: NMTR) in its analyst report released on July 08, 2021. The firm assigned the stock an Outperform rating. The consensus rating for 9 Meters Biopharma Inc. (NMTR) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NMTR, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.
What is NMTR’s price target for the next 12 months?
Analysts predict a range of price targets between $1.00 and $4.00, with a median target of $3.00. Taking a look at these predictions, the average price target given by analysts for 9 Meters Biopharma Inc. (NMTR) stock is $2.80.