The trading price of Mereo Biopharma Group Plc ADR (NASDAQ:MREO) closed lower on Monday, May 05, and closing at $2.55, -4.49% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $5.02 and a 52-week low of $1.58. Over the past month, the stock has gained 15.38% in value.
Mereo Biopharma Group Plc ADR, whose market valuation is $395.63 million at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned MREO a recommendation rating is 2. Out of them, 0 rate it a Hold, while 2 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Mereo Biopharma Group Plc ADR (MREO) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that MREO’s price is currently 11.92% off the SMA20 and 7.48% off the SMA50. The RSI metric on the 14-day chart is currently showing 56.38, and weekly volatility stands at 5.35%. When measured over the past 30 days, the indicator reaches 9.31%. Mereo Biopharma Group Plc ADR (NASDAQ:MREO)’s beta value is currently sitting at 0.50, while the Average True Range indicator is currently displaying 0.17. With analysts defining $4-$8 as the low and high price targets, we arrive at a consensus price target of $7.5 for the trailing 12-month period. The current price is about -56.86% off the estimated low and -213.73% off the forecast high, based on this estimate. Investors will be thrilled if MREO’s share price rises to $7.5, which is the median consensus price. At that level, MREO’s share price would be -194.12% below current price.
To see how Mereo Biopharma Group Plc ADR stock has been performing in comparison to its peers in the industry, here are the numbers: MREO stock’s performance was -4.49% in the latest trading, and -19.05% in the past year.
An evaluation of the daily trading volume of Mereo Biopharma Group Plc ADR (NASDAQ:MREO) indicates that the 3-month average is 1.49 million.
Currently, records show that 155.15 million of the company’s shares remain outstanding. The insiders hold 9.96% of outstanding shares, whereasinstitutions hold 66.28%. However, since the stock’s price has seen -27.14% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
