Matinas Biopharma Holdings Inc (AMEX:MTNB) traded with a subtraction of $0.0 to $0.13 on Thursday, a downside of -2.92 percent. An average of 664,251 shares of common stock have been traded in the last five days. The last 20 days have seen an average of 625,533 shares traded, while the 50-day average volume stands at 788,735.
MTNB stock has decreased by -33.45% in the last month. The company shares reached their 1-month lowest point of $0.1209 on 09/26/23. With the stock rallying to its 52-week high on 04/20/23, shares of the company touched a low of $0.11 and a high of $0.89 in 52 weeks. It has reached a new high 13 times so far this year and lost -74.43% or -$0.3700 in price. In spite of this, the price is down -85.63% from the 52-week high.
Valuation Metrics
Matinas Biopharma Holdings Inc (MTNB) has a trailing price-to-earnings (P/E) ratio of N/A for the broader industry. The stock’s beta is 2.10. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 8.63, the price-to-book (PB) ratio at 1.00.
Financial Health
The quick ratio of Matinas Biopharma Holdings Inc for the three months ended June 29 was 9.27, and the current ratio was 9.27, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.12 and a total debt to equity ratio of 0.14 for the quarter ending June 29. Matinas Biopharma Holdings Inc’s EBITDA margin for the year ending June 29 is -743.16%, while its operating margin for the same period stands at -704.24%. Its gross profit as reported stood at $27.78 million compared to revenue of $3.19 million.
Earnings Surprise
The company posted a net income of -$6.06 million in the quarter, while revenues of -$5.51 million were grew 2.31%. The analyst consensus anticipated Matinas Biopharma Holdings Inc’s latest quarter earnings to come in at -$0.03 per share, but it turned out to be -$0.03, a 0.00% surprise. For the quarter, EBITDA amounted to -$5.9 million. Shareholders own equity worth $217.26 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Matinas Biopharma Holdings Inc (MTNB) price momentum. RSI 9-day as of the close on 27 September was 37.54%, suggesting the stock is Neutral, with historical volatility in this time frame at 115.11%.
As of today, MTNB’s price is $0.1323 unch or $unch from its 5-day moving average. MTNB is currently trading -29.50% lower than its 20-day SMA and -78.61% lower than its 100-day SMA. However, the stock’s current price level is -62.89% below the SMA50 and -78.79% below the SMA200.
The stochastic %K and %D were 28.18% and 24.94%, respectively, and the average true range (ATR) was 0.0173. With the 14-day stochastic at 20.54% and the average true range at 0.0194, the RSI (14) stands at 35.48%. The stock has reached -0.0005 on the 9-day MACD Oscillator while the 14-day reading was at -0.0070.
Analyst Ratings
Piper Sandler downgraded Matinas Biopharma Holdings Inc (AMEX: MTNB) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Matinas Biopharma Holdings Inc (MTNB) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MTNB, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is MTNB’s price target for the next 12 months?
Analysts predict a range of price targets between $3.00 and $3.00, with a median target of $3.00. Taking a look at these predictions, the average price target given by analysts for Matinas Biopharma Holdings Inc (MTNB) stock is $3.00.
