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MeiraGTx Holdings plc (MGTX): Skating on Thin Ice? We Know the Answer

MeiraGTx Holdings plc (NASDAQ:MGTX) went up by 4.68% from its latest closing price compared to the recent 1-year high of $24.89. The company’s stock price has collected 3.66% of gains in the last five trading sessions. Barron’s reported on 12/16/21 that A Biotech Unveils Its New Gene Control Technology

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

Plus, the 36-month beta value for MGTX is at 1.48. Opinions of the stock are interesting as 6 analysts out of 7 who provided ratings for MeiraGTx Holdings plc declared the stock was a “buy,” while 1 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $28.86, which is $22.48 above the current price. MGTX currently public float of 32.87M and currently shorts hold a 6.09% ratio of that float. Today, the average trading volume of MGTX was 117.58K shares.

MGTX’s Market Performance

MGTX stocks went up by 3.66% for the week, with a monthly drop of -17.10% and a quarterly performance of -31.23%, while its annual performance rate touched -65.28%. The volatility ratio for the week stands at 7.42% while the volatility levels for the past 30 days are set at 7.24% for MeiraGTx Holdings plc. The simple moving average for the period of the last 20 days is -4.89% for MGTX stocks with a simple moving average of -35.02% for the last 200 days.

Analysts’ Opinion of MGTX

Many brokerage firms have already submitted their reports for MGTX stocks, with RBC Capital Mkts repeating the rating for MGTX by listing it as a “Outperform.” The predicted price for MGTX in the upcoming period, according to RBC Capital Mkts is $27 based on the research report published on October 23rd of the previous year 2020.

BofA Securities, on the other hand, stated in their research note that they expect to see MGTX reach a price target of $20. The rating they have provided for MGTX stocks is “Buy” according to the report published on September 15th, 2020.

Piper Jaffray gave a rating of “Overweight” to MGTX, setting the target price at $40 in the report published on September 03rd of the previous year.

MGTX Trading at -16.56% 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 -74.39% of loss for the given period.

Volatility was left at 7.24%, however, over the last 30 days, the volatility rate increased by 7.42%, as shares sank -16.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.71% lower at present.

During the last 5 trading sessions, MGTX rose by +3.66%, which changed the moving average for the period of 200-days by -57.53% in comparison to the 20-day moving average, which settled at $6.64. In addition, MeiraGTx Holdings plc saw -73.15% 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 Zeldin Robert K, who purchase 5,000 shares at the price of $7.90 back on Jun 03. After this action, Zeldin Robert K now owns 5,000 shares of MeiraGTx Holdings plc, valued at $39,500 using the latest closing price.

Wollin Robert J, the GENERAL COUNSEL AND SECRETARY of MeiraGTx Holdings plc, purchase 1,000 shares at $7.94 during a trade that took place back on May 25, which means that Wollin Robert J is holding 1,000 shares at $7,940 based on the most recent closing price.

Stock Fundamentals for MGTX

Current profitability levels for the company are sitting at:

  • -194.14 for the present operating margin
  • +79.12 for the gross margin

The net margin for MeiraGTx Holdings plc stands at -211.03. Equity return is now at value -73.40, with -38.60 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 2.69.