MeiraGTx Holdings plc (NASDAQ:MGTX) traded at $5.03 at last check on current trade day and made an upward move of 8.30% on its previous day’s price.
Looking at the stock we see that its previous close was $4.64 and the beta (5Y monthly) reads 1.291 with the day’s price range being $4.835 – $5.87. In terms of its 52-week price range, MGTX has a high of $7.60 and a low of $3.49. The company’s stock has gained about 19.64% over that past 30 days.
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MeiraGTx Holdings plc has a market cap of $388.94 million and is expected to release its quarterly earnings report on 2024-Nov-12. Estimates by analysts give the company expected earnings per share (EPS) of -0.52, with the EPS growth for the year raised at -1.78 for current year and -1.78 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 1.62M, with a low of 250k and a high of 3M. The median projection represents growth adding up to -68.30% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 4.24M, or -69.80% down from figures reported last year.
On the other hand, looking at the outlook for the MGTX stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell.
Looking further, we note the current price level is 18.89% off its SMA20 and 20.03% from its 50-day simple moving average. The RSI (14) is pointing at 72.86 while the volatility over the past week is 4.90% and jumps to 4.55% over the past one month. The beta value is 1.30, while the average true range (ATR) is currently pointing at 0.28. The average price target for the stock over the next 12 months is $9, with the estimates having a low of $9 and a high of $9. These price ends are -78.93% and -78.93% off the today’s price level respectively, although investors could be excited at the prospect of a -78.93% if the MGTX share price touches on the median price of $9.
Coming back to MeiraGTx Holdings plc (NASDAQ:MGTX), we note that the average 3-month trading volume was 186.65K, while that of the preceding 10-day period stands at 0.18 million. Current shares outstanding are 63.60 million.
The insiders hold 32.77% of the company’s shares while institutions hold 44.83%. The data shows that short shares as of 2024-09-30, stood at 1.93 million at a short ratio of 11.53. This represents a 346.00 short interest in shares outstanding on 2024-09-30. Shares short rose in September from the previous month at 1.81 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -28.42% down in year-to-date price movement.
