Clutching At Straws? – Molecular Templates, Inc. (MTEM), Titan International, Inc. (TWI)

The stocks of Molecular Templates, Inc. (NASDAQ:MTEM) has been Initiated to Buy by UBS in its latest research note that was published on April 29. MTEM was given a price target of $12, with other Wall Street analysts also giving their reports regarding the stock. The stock also received a Outperform rating from Oppenheimer with the price target of $15. This was contained in a research note published by the firm on December 11. The stock received a Buy rating and a price target of $18 in Laidlaw’s research note that was published on October 08.

Molecular’s stock is covered by 3 analysts, with 3 of them rating the stock as Buy. It has been deemed to have strong buy by none of the analysts, none of them have rated it as a Hold while none of them rated it as sell. The situation was different a month ago when the stock was rated as a Buy by only 5 analysts. None of them rated it as strong buy with none of them recommended investors to Hold on to the stock. Meanwhile, none analyst(s) rated it as a sell. The above data shows that MTEM has an average analyst rating of Buy.

MTEM surged by $0.89 during the normal trading session on Tuesday and reaching a high of $11.61 during the day while it closed the day at $11.26. The Molecular stock had a low trading volume of 0.63 million shares on that day, which is low compared to the average daily volume of 185.16M shares. MTEM has also gained 38.84% of its value over the past 7 days. However, the stock has surged by 124.75% in the 3 months of the year. Over the past six months meanwhile, it has gained 33.73% while it has added 178.71% year-on date.

Shares in Titan International, Inc. (NYSE:TWI) fell by -0.32 percent on Tuesday. The company’s stock began trading at $3.08 below the previous closing price of $3.09, and finished the day at $3.05. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -11.34% from its 3 months high price. However, taking another look at TWI will indicate that it is trading +35.56% away from its 90-day low. Looking at the bigger picture, the Titan International, Inc. stock has dropped by -57.93% from its 52-week high while it has surged by +35.56% from its 52-week low price.

On August 15, 2019 TAYLOR MAURICE M JR, Director bought 36,463 shares of the company. The average price for that transaction was $2.85 per share, which meant that TAYLOR MAURICE M JR spent $103,919.60 purchasing the stocks. The purchase was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with Director, TAYLOR MAURICE M JR purchasing 32,375 shares of this stock on August 14, 2019. The average purchasing price for the stock was $2.99 per share, with the purchased stock accruing $96,801.25. Following this transaction, the insider now holds 702,889 shares of the company, which is worth around $7,534,970.00.

Let us now take a quick look at the stock’s short, medium and long-term indicators. Composite Indicator shows that TWI stock was rated as a Buy by TrendSpotter. Its short-term indicators reveal that Titan has a 20-day average volume of 382060 shares. This has led to the TWI price forecast being placed as a Hold on an average basis. In the medium term, however, the TWI stock has its 50-Day average volume of 323648 shares, with the indicators also rating it as a 50% Sell. Finally, in the long-term, the TWI stocks have a 100-Day average volume of 360570 shares, with the long-term indicators rating the stock as just 50% Sell.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 67.23%. This figure is better than the company’s 20-day Raw Stochastic average which currently stands at 57.14%. Over the past 20 days, Titan’s Stochastic %K stood at 54.21% while its Stochastic %D was revealed to be 48.35%.