Mustang Bio Inc (NASDAQ:MBIO) currently has a daily average trading volume of 29.87M but it saw 1947790 shares traded in last market. With a market cap of 13.24M USD, the company’s current market price of $0.38 came rising about 13.73 while comparing to the previous closing price of $0.33. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.03 and as low as $0.13. In the recent trading on the day, stock has struck highest price mark of $0.3251 while lowest mark touched by it was $0.3993.
Taking a look at 20-day trading activity of Mustang Bio Inc (MBIO) gives us an average price of $0.3309, while its current price level is -90.69% below from 52-week high level whereas it is 192.97% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.3732 while that of 200 days or SMA-200 reads an average of $0.8909. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.75% during that period while stretching the period over a month that increases to 15.50%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 53.59 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the BTIG Research which initiated the stock as “Buy” in its note to investors issued on May 18, 2021, recommending a price target of $11 for it. Cantor Fitzgerald also issued its recommendations for the stock as it initiated the price target for the stock is $7.
Over the week, MBIO’s stock price is moving 17.03% up while it is 2.09% when we observe its performance for the past one month. Year-to-date it is -72.20% down and over the past year, the stock is showing a downside performance of -90.12%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -2.06 beat the consensus estimate of -3.01 for the same. The company is expected to be releasing its next quarterly report in September, for which analysts forecasted an EPS of 0 while estimate for next year EPS is -3.25.
Currently, Mustang Bio Inc’s total number of outstanding shares is 35.28M. Company’s return on equity (ROE) at -1191.31%. Stock’s beta reads 1.95. Its return on asset (ROA) is -170.53% on average.
