Estimating Price Trends For Mustang Bio Inc (NASDAQ: MBIO)

Mustang Bio Inc (NASDAQ:MBIO) does about 3.12M shares in volume on a normal day but saw 2394458 shares change hands in Friday’s trading. The company now has a market cap of 4.19M USD. Its current market price is $0.15, marking a decrease of -4.19% compared to the previous close of $0.16. The 52 week high reached by this stock is $8.17 whilst the lowest price level in 52 weeks is $0.15.

Mustang Bio Inc (MBIO) has a 20-day trading average at $0.2335 and the current price is -98.18% off the 52-week high compared with -2.94% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.3826 and its 200-day simple moving average is $1.3376. If we look at the stock’s price movements over the week, volatility stands at 10.60%, which increases to 20.47% 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 28.73 to suggest the stock is oversold.

The consensus objective for the share price is $10.00, suggesting that the stock has a potential upside of 98.5% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 18, 2021 when BTIG Research initiated the stock to “Buy” and issued a price target of $11. Cantor Fitzgerald initiated its price target at $7.

Mustang Bio Inc (MBIO) stock is down -26.19% over the week and -48.10% over the past month. Its price is -89.00% year-to-date and -97.55% over the past year.

To reach the target analysts have set, the stock logically needs to grow 98.5 percent from here.

The company has a return on equity of -322.45%. The beta has a value of 1.69.