Mesoblast Ltd ADR (NASDAQ:MESO) price on Friday, February 28, rose 10.36% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $17.15.
A look at the stock’s price movement, the close in the last trading session was $15.54. Turning to its 52-week performance, $22.00 and $1.91 were the 52-week high and 52-week low respectively. Overall, MESO moved -12.28% over the past month.
Mesoblast Ltd ADR’s market cap currently stands at around $2.18 billion, with investors looking forward to this quarter’s earnings report slated for in April.
Analysts have a consensus estimate of 7.48M for the company’s revenue for the quarter, with a low and high estimate of 7.48M and 7.48M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 104.87M, representing a 1,105.37% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MESO is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
10 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 6 recommend MESO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 2 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
MESO’s current price about -4.48% and -1.48% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.71, while 7-day volatility ratio is 6.91% and 5.26% in the 30-day chart. Further, Mesoblast Ltd ADR (MESO) has a beta value of 3.44, and an average true range (ATR) of 1.10. Analysts have given the company’s stock an average 52-week price target of $12, forecast between a low of $12 and high of $12. Looking at the price targets, the low is 30.03% off current price level while to achieve the yearly target high, price needs to move 30.03%. Nonetheless, investors will most likely welcome a 30.03% jump to $12 which is the analysts’ median price.
If we refocus on Mesoblast Ltd ADR (NASDAQ:MESO), historical trading data shows that trading volumes averaged 482.21K over the past 3 months. The company’s latest data on shares outstanding shows there are 85.82 million shares.
Current price change has pushed the stock -13.38% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MESO stock continues to rise going into the next quarter.
