Daily Market Movement: Matinas Biopharma Holdings Inc (MTNB) Sees a -10.65 Decrease, Closing at 0.63

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The closing price of Matinas Biopharma Holdings Inc (AMEX: MTNB) was $0.63 for the day, down -10.65% from the previous closing price of $0.71. In other words, the price has decreased by -$10.65 from its previous closing price. On the day, 0.65 million shares were traded. MTNB stock price reached its highest trading level at $0.72 during the session, while it also had its lowest trading level at $0.5257.

Ratios:

Our analysis of MTNB’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 5.53 and its Current Ratio is at 5.53. In the meantime, Its Debt-to-Equity ratio is 0.19 whereas as Long-Term Debt/Eq ratio is at 0.15.

On January 27, 2020, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $3.Piper Sandler initiated its Overweight rating on January 27, 2020, with a $3 target price.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MTNB now has a Market Capitalization of 3182353 and an Enterprise Value of -7889644.

Stock Price History:

Over the past 52 weeks, MTNB has reached a high of $21.50, while it has fallen to a 52-week low of $0.50. The 50-Day Moving Average of the stock is -77.49%, while the 200-Day Moving Average is calculated to be -91.92%.

Shares Statistics:

MTNB traded an average of 208.18K shares per day over the past three months and 1015360 shares per day over the past ten days. A total of 5.02M shares are outstanding, with a floating share count of 4.89M. Insiders hold about 2.53% of the company’s shares, while institutions hold 25.96% stake in the company. Shares short for MTNB as of 1730332800 were 32365 with a Short Ratio of 0.16, compared to 1727654400 on 62660. Therefore, it implies a Short% of Shares Outstanding of 32365 and a Short% of Float of 0.66000004.

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