54.9 F
New York
Friday, November 27, 2020

The Rejuvenation of Mustang Bio Inc. (NASDAQ:MBIO)

Must read

Is the Rough Ride Over for Tenaris S.A. (TS)

Tenaris S.A. (TS) shares are trading at lower $16.22 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

The Last Few Sessions Have Orchid Island Capital Inc. (ORC) Soaring

Orchid Island Capital Inc. (ORC) shares are trading at higher $5.64 and the avg recommendation for the stock is Strong Buy, while the current...

Renewed Optimism is Surrounding Liberty Global plc (NASDAQ:LBTYA)

Liberty Global plc (LBTYA) shares are trading at lower $22.77 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

When Will Auris Medical Holding Ltd. (EARS) Slow Down

Auris Medical Holding Ltd. (EARS) shares are trading at higher $1.15. To add more color to this target, the company’s high over the last...

Mustang Bio Inc. (MBIO) shares are trading at higher $3.52 and the avg recommendation for the stock is Strong Buy.

To add more color to this target, the company’s high over the last year is $4.85 and the low is $1.78. Over the last 52 weeks, MBIO is down -27.42% while the S&P 500 is up 0.32%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, MBIO reported a profit of $0.62 million. Mustang Bio Inc. also saw revenues increase to $14.12 million. In addition, MBIO has free cash flow of -$18.81 million as of 06-2020. The company’s EBITDA came in at -$13.4 million which compares well with its peers.

MBIO Return on Equity (ROE) is -91.50%, and its Return on Assets is -65.50%. All told, it is clear that, MBIO needs to be on your watchlist.

Find out when MBIO reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. MBIO has a short ratio of 0.71 and outstanding shares of 45.02M.

Company Outlook

MBIO has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.02 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.27. Mustang Bio Inc. MBIO also noted assets of $96.83 million at the end of the last quarter. Investors should also keep an eye on sector updates as MBIO has historically followed its peers on positive news.

All told, Mustang Bio Inc. MBIO has strung together solid data and demonstrated underlying fundamentals. At its current valuation, MBIO represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Mustang Bio Inc. MBIO is now commanding a market cap of 199.13M and a float of 41.88M. MBIO is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of MBIO stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in MBIO, either long or short, and we have not been compensated for this article.

Latest article

The Last Few Sessions Have Tenneco Inc. (TEN) Soaring

Tenneco Inc. (TEN) shares are trading at lower $11.13 and the avg recommendation for the stock is Hold, while the current analyst price target...

Rockwell Medical Inc. (NASDAQ:RMTI) Stock is Plummeting, Here is Why

Rockwell Medical Inc. (RMTI) shares are trading at lower $1.00 and the avg recommendation for the stock is Moderate Buy. To add more color...

Tractor Supply Company (TSCO)’s Stock is Jumping, Here is Why

Tractor Supply Company (TSCO) shares are trading at lower $133.90 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Can We Expect More Volatility From Newpark Resources Inc. (NR)?

Newpark Resources Inc. (NR) shares are trading at lower $1.71 and the avg recommendation for the stock is Moderate Buy. To add more color...

When Will TETRA Technologies Inc. (TTI) Slow Down

TETRA Technologies Inc. (TTI) shares are trading at lower $0.80 and the avg recommendation for the stock is Hold. To add more color to...