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NASDAQ:MTEM

Molecular Templates Stock Forecast, Price & News

$10.76
-1.56 (-12.66 %)
(As of 09/21/2020 12:00 AM ET)
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Today's Range
$10.65
Now: $10.76
$12.02
50-Day Range
$10.07
MA: $11.58
$13.43
52-Week Range
$6.16
Now: $10.76
$19.12
Volume494,454 shs
Average Volume357,329 shs
Market Capitalization$537.13 million
P/E RatioN/A
Dividend YieldN/A
Beta2.31
Molecular Templates, Inc., a clinical stage oncology company, focuses on the discovery and development of biologic therapeutics for the treatment of cancer and other diseases. The company primarily develops a pipeline of engineered toxin bodies. Its lead drug candidate is MT-3724 that is in a Phase II clinical trial for the treatment of relapsed/refractory diffuse large B-cell lymphoma; and Phase II clinical trial for treating non-Hodgkin's lymphoma. The company also develops MT-4019, engineered toxin body targeting CD38; and TAK-169 targeting CD38. It has an agreement with Takeda Pharmaceutical Company Limited to develop CD38-targeted engineered toxin bodies for the treatment of patients with diseases, such as multiple myeloma. Molecular Templates, Inc. is headquartered in Austin, Texas.
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Molecular Templates logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 2.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.62 out of 5 stars


Industry, Sector and Symbol

Industry Pharmaceutical preparations
Sub-IndustryBiotechnology
SectorMedical
Current SymbolNASDAQ:MTEM
CUSIP88580720
Phone512-869-1555

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$22.27 million
Book Value$2.79 per share

Profitability

Net Income$-69,420,000.00
Net Margins-514.48%

Miscellaneous

Employees68
Market Cap$537.13 million
Next Earnings Date11/10/2020 (Estimated)
OptionableNot Optionable
$10.76
-1.56 (-12.66 %)
(As of 09/21/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Molecular Templates (NASDAQ:MTEM) Frequently Asked Questions

How has Molecular Templates' stock been impacted by COVID-19?

Molecular Templates' stock was trading at $13.22 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MTEM stock has decreased by 18.6% and is now trading at $10.76.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Molecular Templates?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Molecular Templates in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Molecular Templates
.

When is Molecular Templates' next earnings date?

Molecular Templates is scheduled to release its next quarterly earnings announcement on Tuesday, November 10th 2020.
View our earnings forecast for Molecular Templates
.

How were Molecular Templates' earnings last quarter?

Molecular Templates Inc (NASDAQ:MTEM) posted its quarterly earnings results on Thursday, August, 6th. The biotechnology company reported ($0.65) EPS for the quarter, missing analysts' consensus estimates of ($0.37) by $0.28. The biotechnology company earned $6.91 million during the quarter, compared to the consensus estimate of $5.04 million. Molecular Templates had a negative return on equity of 113.62% and a negative net margin of 514.48%.
View Molecular Templates' earnings history
.

When did Molecular Templates' stock split? How did Molecular Templates' stock split work?

Shares of Molecular Templates reverse split on Wednesday, August 2nd 2017. The 1-11 reverse split was announced on Tuesday, August 1st 2017. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, August 1st 2017. An investor that had 100 shares of Molecular Templates stock prior to the reverse split would have 9 shares after the split.

What price target have analysts set for MTEM?

5 brokerages have issued twelve-month target prices for Molecular Templates' shares. Their forecasts range from $19.00 to $22.00. On average, they expect Molecular Templates' share price to reach $21.00 in the next twelve months. This suggests a possible upside of 95.2% from the stock's current price.
View analysts' price targets for Molecular Templates
.

Are investors shorting Molecular Templates?

Molecular Templates saw a decline in short interest in August. As of August 14th, there was short interest totaling 965,000 shares, a decline of 38.9% from the July 30th total of 1,580,000 shares. Based on an average daily volume of 417,100 shares, the days-to-cover ratio is currently 2.3 days. Approximately 2.8% of the company's stock are sold short.
View Molecular Templates' Short Interest
.

Who are some of Molecular Templates' key competitors?

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), Corbus Pharmaceuticals (CRBP), Synergy Pharmaceuticals (SGYP), TG Therapeutics (TGTX), CEL-SCI (CVM), Soleno Therapeutics (SLNO), SLS International (SLS) and Amarin (AMRN).

Who are Molecular Templates' key executives?

Molecular Templates' management team includes the following people:
  • Dr. Eric E. Poma, CEO, Chief Scientific Officer & Director (Age 47)
  • Ms. Jason S Kim, Pres & COO (Age 44)
  • Mr. Adam D. Cutler B.A., Chief Financial Officer (Age 44)
  • Mr. Kurt Elster, Exec. VP of Corp. Devel. (Age 52)
  • Dr. Jack Higgins Ph.D., Exec. VP of Operations & Head of Manufacturing (Age 39)

What is Molecular Templates' stock symbol?

Molecular Templates trades on the NASDAQ under the ticker symbol "MTEM."

Who are Molecular Templates' major shareholders?

Molecular Templates' stock is owned by many different institutional and retail investors. Top institutional shareholders include Bellevue Group AG (6.97%), BVF Inc. IL (4.31%), Vanguard Group Inc. (3.03%), Great Point Partners LLC (2.70%), Gilder Gagnon Howe & Co. LLC (1.04%) and Opaleye Management Inc. (0.99%). Company insiders that own Molecular Templates stock include Associates LLC Cdk, David Hirsch, Kevin M Lalande, Longitude Capital Partners Iii and Scott D Morenstein.
View institutional ownership trends for Molecular Templates
.

Which major investors are selling Molecular Templates stock?

MTEM stock was sold by a variety of institutional investors in the last quarter, including BVF Inc. IL, FMR LLC, FMR LLC, Gilder Gagnon Howe & Co. LLC, Monashee Investment Management LLC, EAM Investors LLC, Opaleye Management Inc., and Russell Investments Group Ltd.. Company insiders that have sold Molecular Templates company stock in the last year include Kevin M Lalande, and Longitude Capital Partners Iii.
View insider buying and selling activity for Molecular Templates
.

Which major investors are buying Molecular Templates stock?

MTEM stock was acquired by a variety of institutional investors in the last quarter, including Bellevue Group AG, Vanguard Group Inc., Great Point Partners LLC, Public Employees Retirement Association of Colorado, Alps Advisors Inc., Two Sigma Advisers LP, Federated Hermes Inc., and Algert Global LLC. Company insiders that have bought Molecular Templates stock in the last two years include Associates LLC Cdk, David Hirsch, Longitude Capital Partners Iii, and Scott D Morenstein.
View insider buying and selling activity for Molecular Templates
.

How do I buy shares of Molecular Templates?

Shares of MTEM 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 Molecular Templates' stock price today?

One share of MTEM stock can currently be purchased for approximately $10.76.

How big of a company is Molecular Templates?

Molecular Templates has a market capitalization of $537.13 million and generates $22.27 million in revenue each year. The biotechnology company earns $-69,420,000.00 in net income (profit) each year or ($1.26) on an earnings per share basis. Molecular Templates employs 68 workers across the globe.

What is Molecular Templates' official website?

The official website for Molecular Templates is www.mtem.com.

How can I contact Molecular Templates?

Molecular Templates' mailing address is 9301 AMBERGLEN BLVD. SUITE 100, AUSTIN TX, 78729. The biotechnology company can be reached via phone at 512-869-1555 or via email at [email protected]

This page was last updated on 9/21/2020 by MarketBeat.com Staff

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