MeiraGTx Holdings plc (NASDAQ:MGTX) traded at $6.78 at close of the session on Monday, March 31 and made a downward move of -7.50% on its previous day’s price.
Looking at the stock we see that its previous close was $7.33 and the beta (5Y monthly) reads 1.238 with the day’s price range being $6.63 – $7.125. In terms of its 52-week price range, MGTX has a high of $8.75 and a low of $3.85. The company’s stock has lost about -4.91% over that past 30 days.
MeiraGTx Holdings plc has a market cap of $534.64 million and is expected to release its quarterly earnings report on 2025-Mar-12.
The median projection represents growth squeezing down to 537.02% 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 150.63M, or 352.62% up 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 50% Buy, while medium term indicators assign it an average of 50% Buy.
Looking further, we note the current price level is -5.37% off its SMA20 and -0.77% from its 50-day simple moving average. The RSI (14) is pointing at 44.82 while the volatility over the past week is 6.61% and jumps to 7.30% over the past one month. The beta value is 1.17, while the average true range (ATR) is currently pointing at 0.51. 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 -32.74% and -32.74% off the current price level respectively, although investors could be excited at the prospect of a -32.74% 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 460.78K, while that of the preceding 10-day period stands at 0.54 million. Current shares outstanding are 78.40 million.
The insiders hold 32.77% of the company’s shares while institutions hold 49.95%. The data shows that short shares as of 2025-03-14, stood at 1.96 million at a short ratio of 2.73. This represents a 340.00 short interest in shares outstanding on 2025-03-14. Shares short fall in March from the previous month at 2.05 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 11.33% up in year-to-date price movement.
