Oppenheimer analyst Kevin DeGeeter assigned a Buy rating to Moleculin Biotech (MBRX) today and set a price target of $18.00. The company’s shares closed last Thursday at $4.20.
According to TipRanks.com, DeGeeter is a top 100 analyst with an average return of 57.8% and a 58.7% success rate. DeGeeter covers the Healthcare sector, focusing on stocks such as Rocket Pharmaceuticals, Sensei Biotherapeutics, and Cellectar Biosciences.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Moleculin Biotech with a $21.67 average price target.
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Based on Moleculin Biotech’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $3.4 million. In comparison, last year the company had a GAAP net loss of $4.15 million.
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Moleculin Biotech, Inc. is a clinical stage pharmaceutical company, which focuses on the development of oncology drug candidates. Its Annamycin product candidate helps in the treatment of relapsed or refractory acute myeloid leukemia. The company’s preclinical small molecule portfolios focus on the modulation of hard-to-target tumor cell signaling mechanisms and the metabolism of tumors. Moleculin Biotech was founded by Walter V. Klemp, Donald H. Picker and Waldemar Priebe on July 28, 2015 and is headquartered in Houston, TX.
