Midatech Pharma plc (NASDAQ:MTP) does about 3.53M shares in volume on a normal day but saw 150653788 shares change hands in Friday trading. The company now has a market cap of 32.94M USD and an enterprise value of about $18.95M. Its current market price is $2.72, marking an increase of 45.45% compared to the previous close of $1.87. The 52 week high reached by this stock is $8.50 whilst the lowest price level in 52 weeks is $0.86. The script in recent trading has seen the stock touch a high of $4.33 and a low of $2.60.
Midatech Pharma plc (MTP) has a 20-day trading average at $2.27 and the current price is -68.00% off the 52-week high compared with 215.55% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.74 and its 200-day simple moving average is $2.60. If we look at the stock’s price movements over the week, volatility stands at 20.14%, which increases to 20.59% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 62.54 to suggest the stock is neutral.
1 analysts observing the Midatech Pharma plc (MTP) stock have set the 12-month price targets for the company’s shares at between $1574.74 and $1574.74. The median price target is 99.83% away from the current levels at $1574.74.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Hold.
The current price level is 23.22%, 58.19%, and 4.12% away from its SMA20, SMA50, and SMA200 respectively, with the MTP price moving below the 50-day SMA on August 14. Midatech Pharma plc (MTP) stock is up 32.68% over the week and 102.99% over the past month. Its price is -21.08% year-to-date and -55.04% over the past year.
The company’s next earnings report is expected on 09/24/2020, with forecasts estimating quarterly EPS at $0 and $0 for whole year. Expected sales for next quarter are $370k, which analysts say will come at $1.22 million for the current fiscal year and next year at $1.22 million. In addition, estimates put the company’s current quarterly revenue at an average of $240k.
Its 12-month price target is $1574.74. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $1574.74, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $1574.74.
Outstanding shares total 12.11M with insiders holding 0.00% of the shares and institutional holders owning 6.36% of the company’s common stock. Price to book ratio is 2.69.
According to a U.S. Securities and Exchange Commission filing, Trust for Professional Managers – has reduced its position in Midatech Pharma plc (MTP) to 3,570 shares, mirroring a recent drop by 0.00%. Trust for Professional Managers – dumped 0.0 shares of Midatech Pharma plc common stock bringing its total worth to about $7283.0 at the end of recent close, SEC documents show.