MoonLake Immunotherapeutics (NASDAQ:MLTX) does about 97.50K shares in volume on a normal day but saw 297168 shares change hands in Friday trading. The company now has a market cap of 901.81M USD. Its current market price is $17.95, marking a decrease of -0.33% compared to the previous close of $18.01. The 52 week high reached by this stock is $18.71 whilst the lowest price level in 52 weeks is $4.25. The script in recent trading has seen the stock touch a high of $18.39 and a low of $16.90.
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MoonLake Immunotherapeutics (MLTX) has a 20-day trading average at $13.79 and the current price is -4.06% off the 52-week high compared with 322.35% distance from its 52-week low. The 50-day simple moving average of the closing price is $11.90 and its 200-day simple moving average is $8.32. If we look at the stock’s price movements over the week, volatility stands at 14.18%, which decreases to 9.56% 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 77.41 to suggest the stock is overbought.
7 analysts observing the MoonLake Immunotherapeutics (MLTX) stock have set the 12-month price targets for the company’s shares at between $16.00 and $28.00. The consensus objective for the share price is $21.60, suggesting that the stock has a potential upside of 16.9% over the period. The median price target is 20.22% away from the current levels at $22.50.
FactSet Research has provided data showing that 7 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 7 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 February 14, 2023 when Cantor Fitzgerald initiated the stock to “Overweight” and issued a price target of $23. Jefferies initiated its price target at $16.
The current price level is 33.45%, 53.10%, and 117.26% away from its SMA20, SMA50, and SMA200 respectively, with the MLTX price moving below the 50-day SMA on February 17. MoonLake Immunotherapeutics (MLTX) stock is up 21.45% over the week and 57.59% over the past month. Its price is 70.95% year-to-date and 80.95% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of -$0.27 above consensus estimates by $0.05. The company’s next earnings report is expected on 05/31/2023, with forecasts estimating quarterly EPS at -$0.33 and -$1.44 for whole year.
Its 12-month price target is $22.50. To reach the target analysts have set, the stock logically needs to grow 16.9 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $16.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $28.00.
Outstanding shares total 36.93M with insiders holding 0.25% of the shares and institutional holders owning 97.51% of the company’s common stock. The company has a return on equity of -80.10%. Price to book ratio is 11.97.
Polar Capital Funds Plc – Biotech isn’t the only investment manager who changed stakes and is followed by T Rowe Price Health Sciences Fund, which sold off 46787.0 shares to end up with 678,545 shares worth $8.11 million.
