NASDAQ:MTEM

Molecular Templates (MTEM) Stock Price, News & Analysis

$1.59
-0.05 (-3.05%)
(As of 04/25/2024 ET)
Today's Range
$1.51
$1.69
50-Day Range
$1.47
$4.03
52-Week Range
$1.40
$9.45
Volume
47,796 shs
Average Volume
52,340 shs
Market Capitalization
$8.54 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A

Molecular Templates MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Bearish
6.97% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.93
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Acquiring Shares
$587,500 Bought Last Quarter
Proj. Earnings Growth
Decreasing
From ($2.70) to ($2.85) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.90 out of 5 stars

MTEM stock logo

About Molecular Templates Stock (NASDAQ:MTEM)

Molecular Templates, Inc., a clinical stage biopharmaceutical company, focuses on the discovery and development of biologic therapeutics for the treatment of cancer and other serious diseases in the United States. The company primarily develops therapies through its proprietary biologic engineered toxin body (ETB) drug platform. The company is developing MT- 8421, an ETB candidate that is in Phase I clinical trial for the treatment of dismantling TME through direct cell-kill of tumor and immune cell; MT-0169, which is in Phase I clinical trial to treat relapsed/refractory multiple myeloma; and MT-6402 in that is in Phase I clinical trial for relapsed/refractory patients with PD-L1 expressing tumors. The company has a collaboration agreement with Bristol Myers Squibb to discover and develop novel products containing ETBs directed to multiple targets. Molecular Templates, Inc. was founded in 2001 and is headquartered in Austin, Texas.

MTEM Stock Price History

MTEM Stock News Headlines

Better than Bitcoin? The Biotech Stock with 46,751% Potential
4x Better than Bitcoin Bitcoin would have to go from $68,000 to $314,000 to match the 463% gains we saw with Immunogen in December.
Better than Bitcoin? The Biotech Stock with 46,751% Potential
4x Better than Bitcoin Bitcoin would have to go from $68,000 to $314,000 to match the 463% gains we saw with Immunogen in December.
Molecular Templates, Inc. Provides Interim Update
Molecular Templates, Inc. Provides Interim Update
Molecular Templates Inc MTEM
After layoffs, Molecular Templates overhauls C-suite
Molecular Templates launches $40M private placement
See More Headlines
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Company Calendar

Last Earnings
3/29/2024
Today
4/25/2024
Next Earnings (Estimated)
5/20/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Pharmaceutical preparations
Sub-Industry
Biotechnology
Current Symbol
NASDAQ:MTEM
CUSIP
88580720
Employees
111
Year Founded
2009

Profitability

Net Income
$-8,120,000.00
Pretax Margin
-14.20%

Debt

Sales & Book Value

Annual Sales
$57.31 million
Book Value
$0.78 per share

Miscellaneous

Free Float
4,369,000
Market Cap
$8.59 million
Optionable
No Data
Beta
1.15

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MTEM Stock Analysis - Frequently Asked Questions

How have MTEM shares performed in 2024?

Molecular Templates' stock was trading at $3.73 at the beginning of the year. Since then, MTEM shares have decreased by 58.6% and is now trading at $1.5450.
View the best growth stocks for 2024 here
.

Are investors shorting Molecular Templates?

Molecular Templates saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 205,600 shares, an increase of 508.3% from the March 31st total of 33,800 shares. Based on an average trading volume of 61,600 shares, the days-to-cover ratio is currently 3.3 days. Currently, 7.0% of the company's stock are sold short.
View Molecular Templates' Short Interest
.

When is Molecular Templates' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 2024.
View our MTEM earnings forecast
.

How were Molecular Templates' earnings last quarter?

Molecular Templates, Inc. (NASDAQ:MTEM) released its earnings results on Friday, March, 29th. The biotechnology company reported ($0.73) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($2.10) by $1.37. The biotechnology company earned $7.02 million during the quarter. Molecular Templates had a negative net margin of 14.18% and a negative trailing twelve-month return on equity of 9,335.53%.

When did Molecular Templates' stock split?

Molecular Templates's stock reverse split before market open on Monday, August 14th 2023. The 1-15 reverse split was announced on Friday, August 11th 2023. The number of shares owned by shareholders was adjusted after the market closes on Friday, August 11th 2023. An investor that had 100 shares of stock prior to the reverse split would have 7 shares after the split.

What other stocks do shareholders of Molecular Templates own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Molecular Templates investors own include ZIOPHARM Oncology (ZIOP), Novavax (NVAX), Gilead Sciences (GILD), TG Therapeutics (TGTX), Pfizer (PFE), Synergy Pharmaceuticals (SGYP), Amarin (AMRN), Corbus Pharmaceuticals (CRBP) and Exelixis (EXEL).

How do I buy shares of Molecular Templates?

Shares of MTEM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MTEM) was last updated on 4/25/2024 by MarketBeat.com Staff

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