NASDAQ:MLNT - Melinta Therapeutics Stock Price, News, & Analysis

$1.98
-0.01 (-0.50 %)
(As of 06/19/2019 03:34 AM ET)
Today's Range
$1.90
Now: $1.98
$2.0499
50-Day Range
$1.67
MA: $2.89
$4.69
52-Week Range
$1.62
Now: $1.98
$42.67
Volume177,670 shs
Average Volume414,171 shs
Market Capitalization$23.32 million
P/E RatioN/A
Dividend YieldN/A
Beta2.65
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

Industry Pharmaceutical preparations
Sub-IndustryPharmaceuticals
SectorMedical
Current SymbolNASDAQ:MLNT
CUSIP15130J10
Phone908-617-1309

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$96.43 million
Book Value$16.96 per share

Profitability

Net Income$-157,190,000.00
Net Margins-161.27%

Miscellaneous

Employees290
Market Cap$23.32 million
Next Earnings Date8/6/2019 (Estimated)
OptionableOptionable

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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 closing bell 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) posted its quarterly earnings data on Thursday, May, 9th. The biotechnology company reported ($2.34) earnings per share for the quarter, beating the Zacks' consensus estimate of ($2.72) by $0.38. The biotechnology company had revenue of $14.08 million for the quarter, compared to the consensus estimate of $16.83 million. Melinta Therapeutics had a negative net margin of 161.27% and a negative return on equity of 61.13%. View Melinta Therapeutics' Earnings History.

When is Melinta Therapeutics' next earnings date?

Melinta Therapeutics is scheduled to release their next quarterly earnings announcement on Tuesday, August 6th 2019. View Earnings Estimates for Melinta Therapeutics.

What price target have analysts set for MLNT?

6 equities research analysts have issued 1 year price targets for Melinta Therapeutics' shares. Their forecasts range from $5.00 to $70.00. On average, they anticipate Melinta Therapeutics' stock price to reach $41.50 in the next year. This suggests a possible upside of 1,996.0% from the stock's current price. View Analyst Price Targets for Melinta Therapeutics.

What is the consensus analysts' recommendation for Melinta Therapeutics?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Melinta Therapeutics in the last year. There are currently 2 sell ratings, 1 hold rating and 3 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. 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)
  • 2. 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. " (2/27/2019)

Has Melinta Therapeutics been receiving favorable news coverage?

Media stories about MLNT stock have trended very negative on Wednesday, according to InfoTrie Sentiment. The research firm rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Melinta Therapeutics earned a daily sentiment score of -3.1 on InfoTrie's scale. They also assigned media headlines about the biotechnology company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the next several days. View News Stories for Melinta Therapeutics.

Are investors shorting Melinta Therapeutics?

Melinta Therapeutics saw a decrease in short interest in the month of May. As of May 31st, there was short interest totalling 1,810,300 shares, a decrease of 10.0% from the April 30th total of 2,010,900 shares. Based on an average trading volume of 482,000 shares, the days-to-cover ratio is currently 3.8 days. Approximately 25.5% of the company's shares are sold short. View Melinta Therapeutics' Current Options Chain.

Who are some of Melinta Therapeutics' key competitors?

What other stocks do shareholders of Melinta Therapeutics own?

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-Founder
  • Dr. Peter B. Moore Ph.D., Co-Founder
  • Dr. William L. Jorgensen, Co-Founder

Who are Melinta Therapeutics' major shareholders?

Melinta Therapeutics' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include FMR LLC (3.66%), Isthmus Partners LLC (0.75%), Spark Investment Management LLC (0.40%), Boenning & Scattergood Inc. (0.31%), Franklin Street Advisors Inc. NC (0.12%) and Creative Planning (0.10%). 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 major investors are selling Melinta Therapeutics stock?

MLNT stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Boenning & Scattergood Inc., Spark Investment Management LLC, Franklin Street Advisors Inc. NC and Creative Planning. View Insider Buying and Selling for Melinta Therapeutics.

Which major investors are buying Melinta Therapeutics stock?

MLNT stock was purchased by a variety of institutional investors in the last quarter, including Isthmus Partners LLC and Algert Global LLC. 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, Scottrade, Fidelity and Charles Schwab.

What is Melinta Therapeutics' stock price today?

One share of MLNT stock can currently be purchased for approximately $1.98.

How big of a company is Melinta Therapeutics?

Melinta Therapeutics has a market capitalization of $23.32 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 SUITE 280, 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 (star star)
Outperform Votes:  551 (Vote Outperform)
Underperform Votes:  425 (Vote Underperform)
Total Votes:  976
MarketBeat'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 6/19/2019 by MarketBeat.com Staff

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