NASDAQ:MLNT - Melinta Therapeutics Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Melinta Therapeutics Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $1.74 +0.15 (+9.43 %) (As of 12/6/2019 04:00 PM ET) Add Compare Today's Range$1.56Now: $1.74▼$1.8450-Day Range$1.17MA: $2.47▼$4.8552-Week Range$1.03Now: $1.74▼$10.10Volume250,707 shsAverage Volume1.04 million shsMarket Capitalization$23.93 millionP/E RatioN/ADividend YieldN/ABeta4.27 ProfileAnalyst RatingsAdvanced ChartEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email Melinta Therapeutics, Inc, a commercial-stage pharmaceutical company, discovers, develops, and commercializes various anti-infectives for the treatment of bacterial infectious diseases in North America. It offers Baxdela, a monotherapy treatment of adult patients with acute bacterial skin or skin structure infections (ABSSSIs); Vabomere, an IV antibiotic used in treatment of gram-negative infections; Orbactiv, an IV antibiotic of the lipoglycopeptide class for the treatment of adult patients with ABSSSIs; and Minocin, a IV antibiotic of the tetracycline class with activity against gram-positive and gram-negative pathogens. Read More… Industry, Sector and Symbol Stock Exchange NASDAQ Industry Pharmaceutical preparations Sub-IndustryPharmaceuticals SectorMedical Current SymbolNASDAQ:MLNT Previous Symbol CUSIP15130J10 CIK1461993 Webhttp://www.melinta.com/ Phone908-617-1309Debt Debt-to-Equity Ratio1.11 Current Ratio1.03 Quick Ratio0.72Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$96.43 million Price / Sales0.25 Cash FlowN/A Price / Cash FlowN/A Book Value$16.96 per share Price / Book0.10Profitability EPS (Most Recent Fiscal Year)($17.72) Net Income$-157,190,000.00 Net Margins-393.39% Return on Equity-101.29% Return on Assets-28.68%Miscellaneous Employees290 Outstanding Shares13,751,000Market Cap$23.93 million Next Earnings Date3/11/2020 (Estimated) OptionableOptionable Receive MLNT News and Ratings via Email Sign-up to receive the latest news and ratings for MLNT and its competitors with MarketBeat's FREE daily newsletter. NASDAQ:MLNT Rates by TradingView Melinta Therapeutics (NASDAQ:MLNT) Frequently Asked Questions What is Melinta Therapeutics' stock symbol? Melinta Therapeutics trades on the NASDAQ under the ticker symbol "MLNT." When did Melinta Therapeutics' stock split? How did Melinta Therapeutics' stock split work? Shares of Melinta Therapeutics reverse split on Friday, February 22nd 2019. The 1-5 reverse split was announced on Thursday, February 21st 2019. The number of shares owned by shareholders was adjusted after the market closes on Thursday, February 21st 2019. An investor that had 100 shares of Melinta Therapeutics stock prior to the reverse split would have 20 shares after the split. How were Melinta Therapeutics' earnings last quarter? Melinta Therapeutics Inc (NASDAQ:MLNT) issued its quarterly earnings data on Tuesday, November, 12th. The biotechnology company reported ($15.67) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($2.55) by $13.12. The biotechnology company had revenue of $15.87 million for the quarter, compared to analyst estimates of $15.51 million. Melinta Therapeutics had a negative net margin of 393.39% and a negative return on equity of 101.29%. View Melinta Therapeutics' Earnings History. When is Melinta Therapeutics' next earnings date? Melinta Therapeutics is scheduled to release their next quarterly earnings announcement on Wednesday, March 11th 2020. View Earnings Estimates for Melinta Therapeutics. What price target have analysts set for MLNT? 7 equities research analysts have issued 1-year price targets for Melinta Therapeutics' stock. Their forecasts range from $5.00 to $70.00. On average, they anticipate Melinta Therapeutics' share price to reach $25.75 in the next year. This suggests a possible upside of 1,379.9% from the stock's current price. View Analyst Price Targets for Melinta Therapeutics. What is the consensus analysts' recommendation for Melinta Therapeutics? 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Melinta Therapeutics in the last year. There are currently 2 sell ratings, 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Melinta Therapeutics. What are Wall Street analysts saying about Melinta Therapeutics stock? Here are some recent quotes from research analysts about Melinta Therapeutics stock: 1. According to Zacks Investment Research, "Melinta Therapeutics, Inc. develops and commercializes novel antibiotics designed to provide new and better therapeutic solutions. Melinta's lead product is Baxdela, an antibiotic approved by the US FDA for use in the treatment of acute bacterial skin and skin structure infections (ABSSSI). Melinta also has an extensive pipeline of preclinical and clinical stage products that were developed internally or assumed under the 2017 acquisition of Cempra, Inc. This pipeline includes many important classes of antibiotics, each targeted at a different segment of the anti-infective market. Melinta is headquartered in New Haven, CT. " (11/19/2019) 2. HC Wainwright analysts commented, "We note that after a brief spike to $4.98 late Tuesday morning, MLNT shares closed last night at $3.75 per share, down $0.43 (-10.3%) since the release, versus NBI essentially flat (-0.4%) over the same period. First, the expected net product sales figure of $13.8M in the quarter is a slight 3% increase from our recently-lowered prior estimate of $13.4M. for CABP by Adjust PT to $13. We have now adjusted our estimate to match guidance. However, with 1H19 net product sales at about $25.6M, net sales growth in 2H19 would need to be at least 49% over 1H19 to meet the full-year 2019 minimum product sales of $63.75M as required by the Deerfield debt facility. This degree of growth acceleration seems unlikely to us the sequential growth in 2Q19 was 17%." (7/18/2019) 3. Cantor Fitzgerald analysts commented, ". Post a solid quarter of execution in 1Q19, we reiterate our OW rating and 12-month price target of $15 for MLNT shares. We continue to believe that upward earnings revisions and multiple expansion, from the uptake of its drugs, will drive the stock higher." (5/9/2019) Has Melinta Therapeutics been receiving favorable news coverage? Headlines about MLNT stock have been trending extremely negative recently, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Melinta Therapeutics earned a news sentiment score of -4.2 on InfoTrie's scale. They also assigned media coverage about the biotechnology company a news buzz of 2.0 out of 10, meaning that recent news coverage is very unlikely to have an impact on the stock's share price in the next few days. View News Stories for Melinta Therapeutics. Are investors shorting Melinta Therapeutics? Melinta Therapeutics saw a increase in short interest in November. As of November 15th, there was short interest totalling 2,070,000 shares, an increase of 7.8% from the October 31st total of 1,920,000 shares. Based on an average daily trading volume, of 462,600 shares, the short-interest ratio is currently 4.5 days. Approximately 20.0% of the shares of the company are sold short. View Melinta Therapeutics' Current Options Chain. Who are some of Melinta Therapeutics' key competitors? Some companies that are related to Melinta Therapeutics include Johnson & Johnson (JNJ), Merck & Co., Inc. (MRK), Pfizer (PFE), AbbVie (ABBV), Eli Lilly And Co (LLY), Bristol-Myers Squibb (BMY), Allergan (AGN), Zoetis (ZTS), Mylan (MYL), Jazz Pharmaceuticals (JAZZ), Perrigo (PRGO), The Medicines (MDCO), Horizon Therapeutics (HZNP), Nektar Therapeutics (NKTR) and Zogenix (ZGNX). What other stocks do shareholders of Melinta Therapeutics own? Based on aggregate information from My MarketBeat watchlists, some companies that other Melinta Therapeutics investors own include Cara Therapeutics (CARA), Clearside Biomedical (CLSD), Aerie Pharmaceuticals (AERI), Chimerix (CMRX), Advanced Micro Devices (AMD), Synergy Pharmaceuticals (SGYP), Gilead Sciences (GILD), Ocular Therapeutix (OCUL), Dynavax Technologies (DVAX) and NVIDIA (NVDA). Who are Melinta Therapeutics' key executives? Melinta Therapeutics' management team includes the folowing people: Dr. Erin M. Duffy, Chief Scientific Officer & Exec. VP (Age 51)Mr. John H. Johnson, CEO & Director (Age 61)Dr. Thomas A. Steitz, Co-FounderDr. Peter B. Moore Ph.D., Co-FounderDr. William L. Jorgensen, Co-Founder Who are Melinta Therapeutics' major shareholders? Melinta Therapeutics' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Granahan Investment Management Inc. MA (1.75%). Company insiders that own Melinta Therapeutics stock include David N Gill, Paul Estrem, Sue Cammarata and Vatera Healthcare Partners Llc. View Institutional Ownership Trends for Melinta Therapeutics. Which institutional investors are buying Melinta Therapeutics stock? MLNT stock was purchased by a variety of institutional investors in the last quarter, including Granahan Investment Management Inc. MA. Company insiders that have bought Melinta Therapeutics stock in the last two years include David N Gill, Paul Estrem, Sue Cammarata and Vatera Healthcare Partners Llc. View Insider Buying and Selling for Melinta Therapeutics. How do I buy shares of Melinta Therapeutics? Shares of MLNT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab. What is Melinta Therapeutics' stock price today? One share of MLNT stock can currently be purchased for approximately $1.74. How big of a company is Melinta Therapeutics? Melinta Therapeutics has a market capitalization of $23.93 million and generates $96.43 million in revenue each year. The biotechnology company earns $-157,190,000.00 in net income (profit) each year or ($17.72) on an earnings per share basis. Melinta Therapeutics employs 290 workers across the globe.View Additional Information About Melinta Therapeutics. What is Melinta Therapeutics' official website? The official website for Melinta Therapeutics is http://www.melinta.com/. How can I contact Melinta Therapeutics? Melinta Therapeutics' mailing address is 44 WHIPPANY ROAD, MORRISTOWN NJ, 07960. The biotechnology company can be reached via phone at 908-617-1309 or via email at [email protected] MarketBeat Community Rating for Melinta Therapeutics (NASDAQ MLNT)Community Ranking: 2.8 out of 5 ( )Outperform Votes: 602 (Vote Outperform)Underperform Votes: 479 (Vote Underperform)Total Votes: 1,081MarketBeat's community ratings are surveys of what our community members think about Melinta Therapeutics and other stocks. Vote "Outperform" if you believe MLNT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MLNT will underperform the S&P 500 over the long term. You may vote once every thirty days. This page was last updated on 12/7/2019 by MarketBeat.com StaffFeatured Article: Bollinger Bands
