MeiraGTx Holdings plc (NASDAQ:MGTX) shares, rose in value on Wednesday, June 18, with the stock price up by 2.37% to the previous day’s close as strong demand from buyers drove the stock to $6.48.
Actively observing the price movement in the last trading, the stock closed the session at $6.33, falling within a range of $6.21 and $6.53. The value of beta (5-year monthly) was 1.179. 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 25.83% over the past month.
With the market capitalization of MeiraGTx Holdings plc currently standing at about $520.76 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-13.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 36.66M, with a low estimate of 1.93M and a high estimate of 16.7M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 6.48M.
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 Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of MGTX currently trading nearly 11.36% and 11.50% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.63, while the 7-day volatility ratio is showing 2.90% which for the 30-day chart, stands at 4.30%. Furthermore, MeiraGTx Holdings plc (MGTX)’s beta value is 1.18, and its average true range (ATR) is 0.40.
A comparison of MeiraGTx Holdings plc (MGTX) with its peers suggests the former has fared considerably weaker in the market. MGTX showed an intraday change of 2.37% in last session, and over the past year, it grew by 44.32%%.
Data on historical trading for MeiraGTx Holdings plc (NASDAQ:MGTX) indicates that the trading volumes over the past 10 days have averaged 0.45 and over the past 3 months, they’ve averaged 585.05K. According to company’s latest data on outstanding shares, there are 79.42 million shares outstanding.
Nearly 32.78% of MeiraGTx Holdings plc’s shares belong to company insiders and institutional investors own 51.26% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.13 million shares as on 2025-05-30, resulting in a short ratio of 4.97. According to the data, the short interest in MeiraGTx Holdings plc (MGTX) stood at 605.00 of shares outstanding as of 2025-05-30; the number of short shares registered in 2025-04-30 reached 2.42 million. The stock has risen by 6.40% 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.
