MeiraGTx Holdings plc (NASDAQ:MGTX) concluded the trading at $5.92 on current market day with a rise of 11.07% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $5.33 and 5Y monthly beta was reading 1.291 with its price kept floating in the range of $5.33 and $6.0699 on the day. Considering stock’s 52-week price range provides that MGTX hit a high price of $7.60 and saw its price falling to a low level of $3.49 during that period. Over a period of past 1-month, stock came adding 38.64% in its value.
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With its current market valuation of $458.21 million, MeiraGTx Holdings plc is set to declare its quarterly results in November. Analysts are in estimates of -0.52 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to -1.78 for current year with estimates of that growing to 0.83 in next year.
Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of 1.62M. They suggested that in the process company could generate revenue of as low as 250k which could climb up to 3M to hit a high. The average estimate is representing a decrease of -68.30% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of 4.24M in current fiscal year, which will be -69.80% less from revenue generated by the company last year.
In contrast, when we review MGTX stock’s current outlook then short term indicators are assigning it an average of Hold, while medium term indicators are categorizing the stock at an average of 50% Sell. Long term indicators are suggesting an average of 50% Buy for it.
Digging deeper we become aware of the PEG ratio of the MGTX stock which is currently positioned at 0. It further provides that stock’s current price level is 36.93% away from its 20-day simple moving average and is 40.22% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 82.14 while volatility remained at 11.15% over the past week which changes to 5.91% when measuring it over the past month. Beta is valued at 1.29, while measure of average true range or ATR is currently at 0.31. In predicting price targets of as low as $9 and as high as $9, analysts are in agreement on assigning the stock over the next 12 months average price target of $9. Stock’s current price level is -52.03% above from estimated low price target while it is -52.03% below the estimated high; and even if the MGTX’s share succeeded to reach the median price of $9, then the outlook of -52.03% could come to the excitement of the investors.
Having a second look at MeiraGTx Holdings plc (NASDAQ:MGTX) provides that stock’s average daily trading volume for 3 months was 215.31K, while it jumped to 372270 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 63.60 million.
The percentage of outstanding shares held by the insiders is 32.77% while it is 44.83% for the institutional holders. The figures also indicate that as of 2024-09-30, number of stock’s short shares was 1.93 million which implies a short ratio of 11.53. This shows up a 346.00 of Short Interest in company’s outstanding shares on the day. In September the standing of shares short improved as it was 1.81 million in the previous month. Subtraction of -15.67% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
