At the end of the latest market close, 9 Meters Biopharma Inc. (NMTR) was valued at $1.16. In that particular session, Stock kicked-off at the price of $1.222 while reaching the peak value of $1.24 and lowest value recorded on the day was $1.12. The stock current value is $1.10.
Recently in News on April 5, 2021, 9 Meters Biopharma Announces Closing of Offering of Common Stock. 9 Meters Biopharma, Inc. (NASDAQ:NMTR), a clinical-stage company focused on rare and unmet needs in gastroenterology, announced today the closing of its previously announced underwritten public offering of 34,500,000 shares of its common stock, inclusive of the full overallotment option exercised by the underwriters, at a price to the public of $1.00 per share. You can read further details here
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9 Meters Biopharma Inc. had a pretty favorable run when it comes to the market performance.
9 Meters Biopharma Inc. (NMTR) full year performance was 146.81%
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, 9 Meters Biopharma Inc. shares are logging -51.55% during the 52-week period from high price, and 154.65% 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 $0.43 and $2.26.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 2158886 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the 9 Meters Biopharma Inc. (NMTR) recorded performance in the market was 35.04%, having the revenues showcasing 35.04% 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 242.36M, as it employees total of 12 workers.
The Analysts eye on 9 Meters Biopharma Inc. (NMTR)
During the last month, 0 analysts gave the 9 Meters Biopharma 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 1.2959, with a change in the price was noted +0.3944. In a similar fashion, 9 Meters Biopharma Inc. posted a movement of +56.70% for the period of last 100 days, recording 8,994,242 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 NMTR 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 9 Meters Biopharma Inc. (NMTR)
Raw Stochastic average of 9 Meters Biopharma Inc. in the period of last 50 days is set at 5.65%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 8.14%. In the last 20 days, the company’s Stochastic %K was 15.50% and its Stochastic %D was recorded 18.73%.
Considering, the past performance of 9 Meters Biopharma Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 35.04%. Additionally, trading for the stock in the period of the last six months notably improved by 40.27%, alongside a boost of 146.81% for the period of the last 12 months. The shares increased approximately by -18.31% in the 7-day charts and went down by -16.55% in the period of the last 30 days. Common stock shares were driven by 35.04% during last recorded quarter.