MeiraGTx Holdings plc (NASDAQ:MGTX) price on Thursday, July 03, rose 8.53% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $7.51.
A look at the stock’s price movement, the close in the last trading session was $6.92, moving within a range at $6.96 and $7.54. The beta value (5-Year monthly) was 1.179. Turning to its 52-week performance, $8.75 and $3.85 were the 52-week high and 52-week low respectively. Overall, MGTX moved 35.56% over the past month.
MeiraGTx Holdings plc’s market cap currently stands at around $603.55 million, with investors looking forward to this quarter’s earnings report slated for on 2025-May-13.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MGTX is a 100% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
MGTX’s current price about 15.42% and 24.14% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 71.28, while 7-day volatility ratio is 6.36% and 6.46% in the 30-day chart. Further, MeiraGTx Holdings plc (MGTX) has a beta value of 1.25. Analysts have given the company’s stock an average 52-week price target of $9, forecast between a low of $9 and high of $9. Looking at the price targets, the low is -19.84% off current price level while to achieve the yearly target high, price needs to move -19.84%. Nonetheless, investors will most likely welcome a -19.84% jump to $9 which is the analysts’ median price.
If we refocus on MeiraGTx Holdings plc (NASDAQ:MGTX), historical trading data shows that trading volumes averaged 0.47 over the past 10 days and 566.02K over the past 3 months. The company’s latest data on shares outstanding shows there are 79.42 million shares.
The 32.78% of MeiraGTx Holdings plc’s shares are in the hands of company insiders while institutional holders own 51.26% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.67 million on 2025-06-13, giving us a short ratio of 6.81. The data shows that as of 2025-06-13 short interest in MeiraGTx Holdings plc (MGTX) stood at 709.0000000000001 of shares outstanding, with shares short rising to 2.83 million registered in 2025-05-15. Current price change has pushed the stock 83.17% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MGTX stock continues to rise going into the next quarter.
