In a report released today, Kevin DeGeeter from Oppenheimer assigned a Buy rating to Moleculin Biotech (MBRX), with a price target of $18.00. The company’s shares closed last Wednesday at $3.76, close to its 52-week low of $3.14.
According to TipRanks.com, DeGeeter is a top 100 analyst with an average return of 54.6% and a 55.6% success rate. DeGeeter covers the Healthcare sector, focusing on stocks such as Rocket Pharmaceuticals, Sensei Biotherapeutics, and Cellectar Biosciences.
Moleculin Biotech has an analyst consensus of Strong Buy, with a price target consensus of $21.67.
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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.
