Moleculin Biotech (NASDAQ:MBRX) Receives “Buy” Rating from HC Wainwright

Moleculin Biotech (NASDAQ:MBRXGet Free Report)‘s stock had its “buy” rating reissued by equities research analysts at HC Wainwright in a research note issued on Wednesday,Benzinga reports. They currently have a $4.00 target price on the stock.

Other equities analysts have also issued research reports about the stock. Wall Street Zen upgraded shares of Moleculin Biotech to a “sell” rating in a research report on Wednesday, March 26th. Maxim Group upgraded shares of Moleculin Biotech from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a research report on Tuesday, March 25th.

View Our Latest Stock Report on Moleculin Biotech

Moleculin Biotech Trading Down 12.9%

NASDAQ MBRX opened at $0.58 on Wednesday. Moleculin Biotech has a 1 year low of $0.40 and a 1 year high of $4.71. The company has a fifty day moving average price of $0.89 and a 200-day moving average price of $1.28.

Moleculin Biotech (NASDAQ:MBRXGet Free Report) last posted its earnings results on Tuesday, May 13th. The company reported ($0.69) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.71) by $0.02. During the same quarter in the prior year, the business posted ($2.02) earnings per share. Equities research analysts forecast that Moleculin Biotech will post -7.98 EPS for the current year.

Institutional Investors Weigh In On Moleculin Biotech

An institutional investor recently raised its position in Moleculin Biotech stock. Armistice Capital LLC raised its holdings in shares of Moleculin Biotech, Inc. (NASDAQ:MBRXFree Report) by 293.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,250,000 shares of the company’s stock after purchasing an additional 932,414 shares during the quarter. Armistice Capital LLC owned approximately 8.93% of Moleculin Biotech worth $1,217,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 15.52% of the company’s stock.

Moleculin Biotech Company Profile

(Get Free Report)

Moleculin Biotech, Inc, a clinical stage pharmaceutical company, focuses on the development of drug candidates for the treatment of cancers and viruses. Its lead drug candidate is Annamycin, which is in Phase 1B/2 clinical trials for the treatment of relapsed or refractory acute myeloid leukemia (AML) and soft tissue sarcoma metastasized to the lungs.

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