Microbot Medical Inc (NASDAQ:MBOT) does about 2.12M shares in volume on a normal day but saw 2754663 shares change hands in the recent trading day. The company now has a market cap of 43.15M USD. Its current market price is $1.78, marking a decrease of -7.77% compared to the previous close of $1.93. The 52 week high reached by this stock is $3.38 whilst the lowest price level in 52 weeks is $0.82.
Microbot Medical Inc (MBOT) has a 20-day trading average at $1.3919 and the current price is -47.34% off the 52-week high compared with 117.07% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.1378 and its 200-day simple moving average is $1.0333. If we look at the stock’s price movements over the week, volatility stands at 27.80%, which decreases to 15.85% 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 57.25 to suggest the stock is neutral.
The consensus objective for the share price is $7.00, suggesting that the stock has a potential upside of 74.57% over the period.
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. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 13, 2020 when H.C. Wainwright reiterated the stock to “Buy” and issued a price target of between $12 and $26. Ladenburg Thalmann initiated its price target at $1.75.
The current price level is 27.89%, 56.44%, and 72.27% away from its SMA20, SMA50, and SMA200 respectively, with the MBOT price moving below the 50-day SMA on current market day. Microbot Medical Inc (MBOT) stock is down -16.82% over the week and 78.00% over the past month. Its price is 58.93% year-to-date and 25.35% over the past year.
To reach the target analysts have set, the stock logically needs to grow 74.57 percent from here.
Outstanding shares total 24.24M with insiders holding 1.43% of the shares and institutional holders owning 7.46% of the company’s common stock. The company has a return on investment of -292.03% and return on equity of -200.70%. The beta has a value of 1.36. Price to book ratio is 7.78.
