The 36-month beta value for MGTX is also noteworthy at 1.34. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The average price estimated by analysts for MGTX is $23.60, which is $17.92 above than the current price. The public float for MGTX is 45.30M, and at present, short sellers hold a 2.44% of that float. The average trading volume of MGTX on September 15, 2023 was 123.58K shares.
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MGTX) stock’s latest price update
MeiraGTx Holdings plc (NASDAQ: MGTX)’s stock price has decreased by -3.73 compared to its previous closing price of 5.90. However, the company has seen a 3.46% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-08-10 that MeiraGTx Holdings PLC (MGTX) came out with a quarterly loss of $0.53 per share versus the Zacks Consensus Estimate of a loss of $0.59. This compares to loss of $0.76 per share a year ago.
MGTX’s Market Performance
MGTX’s stock has risen by 3.46% in the past week, with a monthly drop of -2.74% and a quarterly drop of -25.36%. The volatility ratio for the week is 8.20% while the volatility levels for the last 30 days are 6.31% for MeiraGTx Holdings plc The simple moving average for the past 20 days is -5.64% for MGTX’s stock, with a -12.70% simple moving average for the past 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 23, 2020 of the previous year 2020.
MGTX Trading at -9.28% 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 -39.38% of loss for the given period.
Volatility was left at 6.31%, however, over the last 30 days, the volatility rate increased by 8.20%, as shares sank -2.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.27% lower at present.
During the last 5 trading sessions, MGTX rose by +3.46%, which changed the moving average for the period of 200-days by -10.97% in comparison to the 20-day moving average, which settled at $6.01. In addition, MeiraGTx Holdings plc saw -12.88% 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 PERCEPTIVE ADVISORS LLC, who purchase 4,347,826 shares at the price of $5.75 back on May 05. After this action, PERCEPTIVE ADVISORS LLC now owns 11,281,103 shares of MeiraGTx Holdings plc, valued at $25,000,000 using the latest closing price.
Stock Fundamentals for MGTX
Current profitability levels for the company are sitting at:
- -730.87 for the present operating margin
- +45.21 for the gross margin
The net margin for MeiraGTx Holdings plc stands at -814.16. The total capital return value is set at -55.52, while invested capital returns managed to touch -62.94.
Based on MeiraGTx Holdings plc (MGTX), the company’s capital structure generated 78.35 points at debt to equity in total, while total debt to capital is 43.93. Total debt to assets is 28.99, with long-term debt to equity ratio resting at 75.05. Finally, the long-term debt to capital ratio is 42.08.
When we switch over and look at the enterprise to sales, we see a ratio of 20.60, with the company’s debt to enterprise value settled at 0.34. The receivables turnover for the company is 0.50 and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.88.
Conclusion
In summary, MeiraGTx Holdings plc (MGTX) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
