MeiraGTx Holdings plc (MGTX) Just Got Our Attention

MeiraGTx Holdings plc (NASDAQ:MGTX) went up by 9.15% from its latest closing price compared to the recent 1-year high of $22.32. The company’s stock price has collected 0.77% of gains in the last five trading sessions. Press Release reported on 08/06/20 that MeiraGTx Reports Second Quarter 2020 Financial Results

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Is It Worth Investing in MeiraGTx Holdings plc (NASDAQ :MGTX) Right Now?

The average price from analysts is $32.83, which is -$14.32 below the current price. MGTX currently public float of 21.46M and currently shorts hold a 1.99% ratio of that float. Today, the average trading volume of MGTX was 107.05K shares.

MGTX’s Market Performance

MGTX stocks went up by 0.77% for the week, with a monthly drop of -6.75% and a quarterly performance of -6.35%, while its annual performance rate touched -31.56%. The volatility ratio for the week stands at 5.77% while the volatility levels for the past 30 days are set at 5.03% for MeiraGTx Holdings plc. The simple moving average for the period of the last 20 days is 8.44% for MGTX stocks with a simple moving average of -7.05% for the last 200 days.

Analysts’ Opinion of MGTX

Many brokerage firms have already submitted their reports for MGTX stocks, with BofA Securities repeating the rating for MGTX by listing it as a “Buy.” The predicted price for MGTX in the upcoming period, according to BofA Securities is $20 based on the research report published on September 15th of the current year 2020.

Piper Jaffray, on the other hand, stated in their research note that they expect to see MGTX reach a price target of $40. The rating they have provided for MGTX stocks is “Overweight” according to the report published on September 3rd, 2019.

Chardan Capital Markets gave a rating of “Buy” to MGTX, setting the target price at $40 in the report published on February 27th of the previous year.

MGTX Trading at 7.79% from the 50-Day Moving Average

After a stumble in the market that brought MGTX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -35.84% of loss for the given period.

Volatility was left at 5.03%, however, over the last 30 days, the volatility rate increased by 5.77%, as shares surge +3.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.33% upper at present.

During the last 5 trading sessions, MGTX rose by +10.42%, which changed the moving average for the period of 200-days by -24.65% in comparison to the 20-day moving average, which settled at $13.23. In addition, MeiraGTx Holdings plc saw -34.47% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at MGTX starting from MARCUS JOEL S, who sold 7,959 shares at the price of $14.15 back on Aug 12. After this action, MARCUS JOEL S now owns 0 shares of MeiraGTx Holdings plc, valued at $112,620 using the latest closing price.

MARCUS JOEL S, the Director of MeiraGTx Holdings plc, sold 7,500 shares at $13.86 during a trade that took place back on Aug 11, which means that MARCUS JOEL S is holding 7,959 shares at $103,950 based on the most recent closing price.

Stock Fundamentals for MGTX

Current profitability levels for the company are sitting at:

  • -438.37 for the present operating margin

The net margin for MeiraGTx Holdings plc stands at -411.87. The total capital return value is set at -39.49, while invested capital returns managed to touch -37.32. Equity return is now at value -30.70, with -18.40 for asset returns.

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Based on MeiraGTx Holdings plc (MGTX), the company’s capital structure generated 12.15 points at debt to equity in total, while total debt to capital is 10.83. Total debt to assets is 7.16, with long-term debt to equity ratio resting at -1,198.63. Finally, the long-term debt to capital ratio is 11.27.

When we switch over and look at the enterprise to sales, we see a ratio of 34.60, with the company’s debt to enterprise value settled at 0.05. The receivables turnover for the company is 0.72 and the total asset turnover is 0.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.47.

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