Matinas BioPharma Holdings Inc. (MTNB) shares are trading at higher $1.05 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 $2.49 and the low is $0.49. Over the last 52 weeks, MTNB is down -11.02% while the S&P 500 is up 15.29%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, MTNB reported a profit of $5.7 million. Matinas BioPharma Holdings Inc. also saw revenues increase to $96000.0. In addition, MTNB has free cash flow of -$13.07 million as of 09-2020. The company’s EBITDA came in at -$5.42 million which compares well with its peers.
MTNB Return on Equity (ROE) is -38.20%, and its Return on Assets is -32.30%. All told, it is clear that, MTNB needs to be on your watchlist.
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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. MTNB has a short ratio of 10.33 and outstanding shares of 198.91M.
MTNB has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 3.67 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.12. Matinas BioPharma Holdings Inc. MTNB also noted assets of $74.81 million at the end of the last quarter. Investors should also keep an eye on sector updates as MTNB has historically followed its peers on positive news.
All told, Matinas BioPharma Holdings Inc. MTNB has strung together solid data and demonstrated underlying fundamentals. At its current valuation, MTNB 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.
Matinas BioPharma Holdings Inc. MTNB is now commanding a market cap of 179.60M and a float of 183.88M. MTNB 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 MTNB 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 MTNB, either long or short, and we have not been compensated for this article.