The 36-month beta value for MREO is at 0.89. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 3 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MREO is 140.27M, and currently, shorts hold a 2.23% of that float. The average trading volume for MREO on August 01, 2024 was 1.08M shares.
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MREO) stock’s latest price update
The stock price of Mereo Biopharma Group Plc ADR (NASDAQ: MREO) has dropped by 0.00 compared to previous close of 4.06. Despite this, the company has seen a fall of -0.49% in its stock price over the last five trading days. globenewswire.com reported 2024-06-14 that LONDON, June 14, 2024 (GLOBE NEWSWIRE) — Mereo BioPharma Group plc (NASDAQ: MREO) (“Mereo” or the “Company”), a clinical-stage biopharmaceutical company focused on rare diseases, today announced the pricing of an underwritten offering of 12,531,300 of its American Depositary Shares (“ADSs”). Each ADS is being sold at a price of $3.99 per ADS in an underwritten registered direct offering priced at-the-market under Nasdaq rules. The gross proceeds from the offering, before deducting underwriting discounts and commissions and offering expenses, are expected to be approximately $50.0 million. Each ADS represents five ordinary shares of Mereo. The net proceeds of this offering are expected to be used to fund the setrusumab program, including supply and pre-launch activities in Europe, and for working capital and other general corporate purposes. The offering is expected to close on or about June 17, 2024, subject to the satisfaction of customary closing conditions.
MREO’s Market Performance
Mereo Biopharma Group Plc ADR (MREO) has seen a -0.49% fall in stock performance for the week, with a 17.68% gain in the past month and a 28.89% surge in the past quarter. The volatility ratio for the week is 7.91%, and the volatility levels for the past 30 days are at 6.59% for MREO. The simple moving average for the past 20 days is 2.88% for MREO’s stock, with a 34.06% simple moving average for the past 200 days.
Analysts’ Opinion of MREO
Many brokerage firms have already submitted their reports for MREO stocks, with Robert W. Baird repeating the rating for MREO by listing it as a “Outperform.” The predicted price for MREO in the upcoming period, according to Robert W. Baird is $8 based on the research report published on June 13, 2024 of the current year 2024.
BTIG Research, on the other hand, stated in their research note that they expect to see MREO reach a price target of $4. The rating they have provided for MREO stocks is “Buy” according to the report published on October 13th, 2023.
Cantor Fitzgerald gave a rating of “Overweight” to MREO, setting the target price at $4 in the report published on August 12th of the previous year.
MREO Trading at 9.68% from the 50-Day Moving Average
After a stumble in the market that brought MREO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.78% of loss for the given period.
Volatility was left at 6.59%, however, over the last 30 days, the volatility rate increased by 7.91%, as shares surge +12.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.77% upper at present.
During the last 5 trading sessions, MREO fell by -1.10%, which changed the moving average for the period of 200-days by +212.79% in comparison to the 20-day moving average, which settled at $3.97. In addition, Mereo Biopharma Group Plc ADR saw 75.76% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MREO starting from Scots-Knight Denise, who sale 92,273 shares at the price of $3.39 back on Jun 26 ’24. After this action, Scots-Knight Denise now owns 709,518 shares of Mereo Biopharma Group Plc ADR, valued at $313,101 using the latest closing price.
Sermon Charles, the General Counsel of Mereo Biopharma Group Plc ADR, sale 32,187 shares at $3.39 during a trade that took place back on Jun 26 ’24, which means that Sermon Charles is holding 184,387 shares at $109,217 based on the most recent closing price.
Stock Fundamentals for MREO
Current profitability levels for the company are sitting at:
- -3.87 for the present operating margin
- 0.57 for the gross margin
The net margin for Mereo Biopharma Group Plc ADR stands at -3.63. The total capital return value is set at -0.83. Equity return is now at value -39.59, with -26.75 for asset returns.
Based on Mereo Biopharma Group Plc ADR (MREO), the company’s capital structure generated 0.12 points at debt to capital in total, while cash flow to debt ratio is standing at -4.87. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is 11.75.
Currently, EBITDA for the company is -23.95 million with net debt to EBITDA at 1.16. When we switch over and look at the enterprise to sales, we see a ratio of 54.4. The receivables turnover for the company is 4.5for trailing twelve months and the total asset turnover is 0.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.86.
Conclusion
In conclusion, Mereo Biopharma Group Plc ADR (MREO) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
