MeiraGTx Holdings plc (NASDAQ:MGTX) shares, rose in value on Thursday, April 16, with the stock price up by 1.69% to the previous day’s close as strong demand from buyers drove the stock to $5.41.
Actively observing the price movement in the last trading, the stock closed the session at $5.32, falling within a range of $5.35 and $5.77. The value of beta (5-year monthly) was 1.218. Referring to stock’s 52-week performance, its high was $8.75, and the low was $3.85. On the whole, MGTX has fluctuated by -30.37% over the past month.
With the market capitalization of MeiraGTx Holdings plc currently standing at about $426.61 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-12.
Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.44M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MGTX’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of MGTX currently trading nearly -13.02% and -18.64% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.27, while the 7-day volatility ratio is showing 7.35% which for the 30-day chart, stands at 8.50%. Furthermore, MeiraGTx Holdings plc (MGTX)’s beta value is 1.39, and its average true range (ATR) is 0.53.
Data on historical trading for MeiraGTx Holdings plc (NASDAQ:MGTX) indicates that the trading volumes over the past 10 days have averaged 0.69 and over the past 3 months, they’ve averaged 558.52K. According to company’s latest data on outstanding shares, there are 78.40 million shares outstanding.
Nearly 32.71% of MeiraGTx Holdings plc’s shares belong to company insiders and institutional investors own 49.96% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.92 million shares as on 2025-03-31, resulting in a short ratio of 2.5. According to the data, the short interest in MeiraGTx Holdings plc (MGTX) stood at 334.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 1.98 million. The stock has fallen by -11.17% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MGTX stock heading into the next quarter.
