Matinas Biopharma Holdings Inc [MTNB] stock is trading at $0.30, up 26.00%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MTNB shares have gain 11.11% over the last week, with a monthly amount glided 42.86%, and seem to be holding up well over a long-time horizon.
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On 26, February 2024, Matinas BioPharma Provides Positive Outcomes Update on the MAT2203 Compassionate/Expanded Use Access Program, Including Multiple Patients with Complete Clinical Resolution. In a post published today on Yahoo Finance, A total of 19 patients with serious/life-threatening invasive fungal infections have been enrolled, including aspergillosis, mucormycosis, fusarium, candidiasis, cryptococcosis, and endemic mycoses such as coccidioidomycosis and histoplasmosis.
From an analyst’s perspective:
Matinas Biopharma Holdings Inc [AMEX: MTNB] stock has seen the most recent analyst activity on May 11, 2021, when Piper Sandler downgraded its rating to a Neutral. On January 27, 2020, Piper Sandler initiated with a Overweight rating and assigned a price target of $3 on the stock. SunTrust started tracking the stock assigning a Buy rating. SunTrust initiated its recommendation with a Buy. Aegis Capital started tracking with a Buy rating for this stock on January 09, 2020, and assigned it a price target of $3.50. In a note dated June 26, 2019, H.C. Wainwright initiated an Buy rating and provided a target price of $4 on this stock.
Matinas Biopharma Holdings Inc [MTNB] stock has fluctuated between $0.11 and $0.89 over the past year. Matinas Biopharma Holdings Inc [AMEX: MTNB] shares were valued at $0.30 at the most recent close of the market.
Analyzing the MTNB fundamentals
Matinas Biopharma Holdings Inc [AMEX:MTNB] reported sales of 2.16M for the trailing twelve months, which represents a drop of -100.00%. Gross Profit Margin for this corporation currently stands at -0.94% with Operating Profit Margin at -10.82%, Pretax Profit Margin comes in at -9.85%, and Net Profit Margin reading is -8.15%. To continue investigating profitability, this company’s Return on Assets is posted at -0.59, Equity is -0.58 and Total Capital is -0.88. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.16.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.2567 points at the first support level, and at 0.2135 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.3216, and for the 2nd resistance point, it is at 0.3433.
Matinas Biopharma Holdings Inc [MTNB] reported earnings per share of -$0.03 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.03/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.03 per share as compared to estimates of -$0.03 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
For context, Matinas Biopharma Holdings Inc’s Current Ratio is 6.19. In addition, the Quick Ratio stands at 6.19 and the Cash Ratio stands at 1.98. Considering the valuation of this stock, the price to sales ratio is 30.18, the price to book ratio is 2.82.
