Mustang Bio Inc [NASDAQ: MBIO] slipped around -0.01 points on Monday, while shares priced at $0.21 at the close of the session, down -1.92%.
Compared to the average trading volume of 7.47M shares, MBIO reached a trading volume of 12906818 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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.
How has MBIO stock performed recently?
Mustang Bio Inc [MBIO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.37. With this latest performance, MBIO shares gained by 12.63% in over the last four-week period, additionally sinking by -53.51% over the last 6 months – not to mention a drop of -84.15% 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 58.87, with the RSI for the last a single of trading hit 66.20, and the three-weeks RSI is set at 53.75 for Mustang Bio Inc [MBIO]. The present Moving Average for the last 50 days of trading for this stock 0.2164, while it was recorded at 0.2008 for the last single week of trading, and 0.3298 for the last 200 days.
Mustang Bio Inc [MBIO]: Deeper insight into the fundamentals
Mustang Bio Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.40.
Insider trade positions for Mustang Bio Inc [MBIO]
There are presently around $5.72%, or 6.19%% of MBIO stock, in the hands of institutional investors.
