Monday, March 1, 2021

Market cap of Moleculin Biotech Inc. [MBRX] reaches 65.45M – now what?

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Moleculin Biotech Inc. [NASDAQ: MBRX] gained 7.42% or 0.38 points to close at $5.50 with a heavy trading volume of 6966689 shares. The company report on February 11, 2021 that Moleculin Announces Full Exercise of Over-Allotment Option.

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Increases Gross Proceeds to Approximately $78 Million.


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Moleculin Biotech, Inc., (Nasdaq: MBRX) (“Moleculin” or the “Company”), a clinical stage pharmaceutical company with a broad portfolio of drug candidates targeting highly resistant tumors and viruses, announced that the underwriters of its public offering announced February 3, 2021 have exercised in full their option to purchase an additional 2,141,052 shares of common stock at the public offering price of $4.75 per share, less underwriting discount. Combining last week’s closing with the effect of the sale of shares pursuant to the over-allotment option, which was completed, Moleculin sold a total of 16,414,736 shares of common stock in the public offering for gross proceeds of approximately $78.0 million, before deducting underwriting discount and offering expenses.

It opened the trading session at $5.50, the shares rose to $5.74 and dropped to $5.19, the range by which the price of stock traded the whole day. The daily chart for MBRX points out that the company has recorded -14.33% loss over the past six months. However, it is still -183.51% lower than its most recent low trading price.

If we look at the average trading volume of 2.06M shares, MBRX reached to a volume of 6966689 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Moleculin Biotech Inc. [MBRX]:

The Average True Range (ATR) for Moleculin Biotech Inc. is set at 0.68 The Price to Book ratio for the last quarter was 3.90, with the Price to Cash per share for the same quarter was set at 1.08.

Trading performance analysis for MBRX stock

Moleculin Biotech Inc. [MBRX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 17.52. With this latest performance, MBRX shares dropped by -10.13% in over the last four-week period, additionally sinking by -14.33% over the last 6 months – not to mention a drop of -3.51% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MBRX stock in for the last two-week period is set at 51.24, with the RSI for the last a single of trading hit 52.18, and the three-weeks RSI is set at 51.27 for Moleculin Biotech Inc. [MBRX]. The present Moving Average for the last 50 days of trading for this stock 5.29, while it was recorded at 5.02 for the last single week of trading, and 5.52 for the last 200 days.

Moleculin Biotech Inc. [MBRX]: A deeper dive into fundamental analysis

Return on Total Capital for MBRX is now -115.97, given the latest momentum, and Return on Invested Capital for the company is -87.69. Return on Equity for this stock declined to -88.50, with Return on Assets sitting at -58.92. When it comes to the capital structure of this company, Moleculin Biotech Inc. [MBRX] has a Total Debt to Total Equity ratio set at 2.43. Additionally, MBRX Total Debt to Total Capital is recorded at 2.38, with Total Debt to Total Assets ending up at 1.50. Long-Term Debt to Equity for the company is recorded at 1.77, with the Long-Term Debt to Total Capital now at 1.73.

Reflecting on the efficiency of the workforce at the company, Moleculin Biotech Inc. [MBRX] managed to generate an average of -$825,312 per employee.Moleculin Biotech Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.40 and a Current Ratio set at 4.40.

Moleculin Biotech Inc. [MBRX]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Moleculin Biotech Inc. posted -0.48/share EPS, while the average EPS was predicted by analysts to be reported at -0.11/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -336.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MBRX.

An analysis of insider ownership at Moleculin Biotech Inc. [MBRX]

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Positions in Moleculin Biotech Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 13 institutional holders increased their position in Moleculin Biotech Inc. [NASDAQ:MBRX] by around 123,318 shares. Additionally, 10 investors decreased positions by around 177,238 shares, while 7 investors held positions by with 202,809 shares. The mentioned changes placed institutional holdings at 503,365 shares, according to the latest SEC report filing. MBRX stock had 6 new institutional investments in for a total of 51,592 shares, while 6 institutional investors sold positions of 9,067 shares during the same period.

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