NASDAQ:MTEM - Molecular Templates Stock Price, Forecast & News

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

Molecular Templates shares reverse split before market open 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 market closes 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.

Molecular Templates Inc (NASDAQ:MTEM) posted its quarterly earnings data on Tuesday, November, 12th. The biotechnology company reported ($0.43) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.24) by $0.19. The biotechnology company had revenue of $3.62 million for the quarter, compared to analysts' expectations of $6 million. Molecular Templates had a negative net margin of 289.90% and a negative return on equity of 44.86%. View Molecular Templates' Earnings History.

Molecular Templates is scheduled to release their next quarterly earnings announcement on Thursday, March 26th 2020. View Earnings Estimates for Molecular Templates.

2 brokers have issued 12 month price targets for Molecular Templates' stock. Their forecasts range from $12.00 to $12.00. On average, they anticipate Molecular Templates' stock price to reach $12.00 in the next twelve months. This suggests that the stock has a possible downside of 12.5%. View Analyst Price Targets for Molecular Templates.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Molecular Templates in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Molecular Templates.

News coverage about MTEM stock has trended very negative this week, according to InfoTrie Sentiment. The research group rates the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Molecular Templates earned a news sentiment score of -3.8 on InfoTrie's scale. They also assigned media stories about the biotechnology company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Molecular Templates.

Molecular Templates saw a increase in short interest in the month of December. As of December 31st, there was short interest totalling 1,260,000 shares, an increase of 10.5% from the December 15th total of 1,140,000 shares. Based on an average daily volume of 340,200 shares, the short-interest ratio is presently 3.7 days. Currently, 5.7% of the shares of the stock are short sold. View Molecular Templates' Current Options Chain.

Some companies that are related to Molecular Templates include Amgen (AMGN), Gilead Sciences (GILD), Celgene (CELG), Vertex Pharmaceuticals (VRTX), Biogen (BIIB), Regeneron Pharmaceuticals (REGN), Alexion Pharmaceuticals (ALXN), Seattle Genetics (SGEN), Incyte (INCY), BioMarin Pharmaceutical (BMRN), Alnylam Pharmaceuticals (ALNY), EXACT Sciences (EXAS), Neurocrine Biosciences (NBIX), Ionis Pharmaceuticals (IONS) and Exelixis (EXEL).

Based on aggregate information from My MarketBeat watchlists, some companies that other Molecular Templates investors own include ZIOPHARM Oncology (ZIOP), Synergy Pharmaceuticals (SGYP), Novavax (NVAX), TG Therapeutics (TGTX), Alibaba Group (BABA), SLS International (SLS), Corbus Pharmaceuticals (CRBP), Walt Disney (DIS), CEL-SCI (CVM) and ACADIA Pharmaceuticals (ACAD).

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.

One share of MTEM stock can currently be purchased for approximately $13.71.

Molecular Templates has a market capitalization of $506.86 million and generates $13.28 million in revenue each year. The biotechnology company earns $-30,290,000.00 in net income (profit) each year or ($1.02) on an earnings per share basis. Molecular Templates employs 68 workers across the globe.View Additional Information About Molecular Templates.

The official website for Molecular Templates is http://www.mtem.com/.

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]