Mustang Bio Inc [NASDAQ: MBIO] loss -11.43% on the last trading session, reaching $0.16 price per share at the time.
If compared to the average trading volume of 3.06M shares, MBIO reached a trading volume of 3586054 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Mustang Bio Inc [MBIO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MBIO shares is $10.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MBIO stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BTIG Research have made an estimate for Mustang Bio Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 18, 2021. While these analysts kept the previous recommendation, B. Riley FBR raised their target price to Buy. The new note on the price target was released on October 02, 2020, representing the official price target for Mustang Bio Inc stock. Previously, the target price had yet another raise to $7, while Cantor Fitzgerald analysts kept a Overweight rating on MBIO stock.
Trading performance analysis for MBIO stock
Mustang Bio Inc [MBIO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -26.68. With this latest performance, MBIO shares dropped by -45.42% in over the last four-week period, additionally sinking by -88.93% over the last 6 months – not to mention a drop of -97.46% 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 MBIO stock in for the last two-week period is set at 29.36, with the RSI for the last a single of trading hit 28.10, and the three-weeks RSI is set at 29.63 for Mustang Bio Inc [MBIO]. The present Moving Average for the last 50 days of trading for this stock 0.3984, while it was recorded at 0.1794 for the last single week of trading, and 1.3519 for the last 200 days.
Mustang Bio Inc [MBIO]: A deeper dive into fundamental analysis
Mustang Bio Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.53 and a Current Ratio set at 0.53.
An analysis of Institutional ownership at Mustang Bio Inc [MBIO]
The top three institutional holders of MBIO stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in MBIO stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in MBIO stock with ownership which is approximately 5.8386%.
