For the readers interested in the stock health of Matinas BioPharma Holdings Inc. (MTNB). It is currently valued at $1.13. When the transactions were called off in the previous session, Stock hit the highs of $1.10, after setting-off with the price of $1.04. Company’s stock value dipped to $0.99 during the trading on the day. When the trading was stopped its value was $1.09.
Recently in News on December 7, 2020, Matinas BioPharma Announces Collaboration with the National Institute of Allergy and Infectious Diseases to Evaluate Oral Formulations of Gilead’s Antiviral Remdesivir Utilizing Matinas’ LNC Platform Delivery Technology. Matinas BioPharma Holdings, Inc. (NYSE AMER: MTNB), a clinical-stage biopharmaceutical company focused on developing next generation therapeutics to advance standards of care in areas of significant unmet medical need, today announced that they plan to collaborate with the National Institute of Allergy and Infectious Diseases (NIAID), part of the National Institutes of Health (NIH), to test oral formulations of remdesivir in preclinical models. Remdesivir is owned by Gilead Sciences, Inc. (Nasdaq: GILD) and the lipid nanocrystal (LNC) platform is owned by Matinas. Any product generated as a part of efforts by Matinas and NIAID would require a license from Gilead for the use of remdesivir and a license from Matinas for the use of the LNC formulation. You can read further details here
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Matinas BioPharma Holdings Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $2.3900 on 01/02/20, with the lowest value was $0.4900 for the same time period, recorded on 04/07/20.
Matinas BioPharma Holdings Inc. (MTNB) full year performance was -29.68%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Matinas BioPharma Holdings Inc. shares are logging -54.57% during the 52-week period from high price, and 130.84% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.49 and $2.49.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 5350047 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Matinas BioPharma Holdings Inc. (MTNB) recorded performance in the market was -51.98%, having the revenues showcasing 48.93% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 207.20M, as it employees total of 21 workers.
The Analysts eye on Matinas BioPharma Holdings Inc. (MTNB)
During the last month, 4 analysts gave the Matinas BioPharma Holdings Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 0.8367, with a change in the price was noted +0.4387. In a similar fashion, Matinas BioPharma Holdings Inc. posted a movement of +55.79% for the period of last 100 days, recording 2,331,988 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for MTNB is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Technical rundown of Matinas BioPharma Holdings Inc. (MTNB)
Raw Stochastic average of Matinas BioPharma Holdings Inc. in the period of last 50 days is set at 95.19%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 95.19%. In the last 20 days, the company’s Stochastic %K was 92.09% and its Stochastic %D was recorded 86.25%.
Considering, the past performance of Matinas BioPharma Holdings Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -51.98%. Additionally, trading for the stock in the period of the last six months notably improved by 22.49%, alongside a downfall of -29.68% for the period of the last 12 months. The shares increased approximately by 3.81% in the 7-day charts and went down by 29.48% in the period of the last 30 days. Common stock shares were driven by 48.93% during last recorded quarter.