MBOT Stock Summary and Trading Ideas (Microbot Medical | NASDAQ:MBOT)

Microbot Medical Inc is a pre-clinical medical device company. It specializes in developing next-generation micro-robotic medical technologies that can change the future of medicine. Their vision is to improve the quality of life of millions of patients globally by advancing micro-robotic technologies to perform surgical procedures and offer physicians and their patients less invasive and more precise solutions. The company's innovative platforms LIBERTY and Self-Cleaning Shunt (SCS) are in one of the fastest-growing segments in healthcare. The group continuously develops its technology with the goal to improve surgical outcomes worldwide. The firm presently holds domestic and global patents that strengthen its product portfolio and create barriers of entry.

Microbot Medical trades on the NASDAQ stock market under the symbol MBOT.

As of May 13, 2024, MBOT stock price climbed to $0.94 with 46,049 million shares trading.

MBOT has a beta of 2.86, meaning it tends to be more sensitive to market movements. MBOT has a correlation of 0.10 to the broad based SPY ETF.

MBOT has a market cap of $13.54 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, MBOT stock traded as high as $9.60 and as low as $.86.

The top ETF exchange traded funds that MBOT belongs to (by Net Assets): VTI, VXF.

MBOT has underperformed the market in the last year with a return of -11.3%, while the SPY ETF gained +27.8%. In the last 3 month period, MBOT fell short of the market, returning -26.0%, while SPY returned +4.2%. However, in the most recent 2 weeks MBOT has outperformed the stock market by returning +6.8%, while SPY returned +2.5%.

MBOT support price is $.88 and resistance is $.97 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MBOT stock will trade within this expected range on the day.