The stock of Mereo Biopharma Group Plc ADR (NASDAQ: MREO) has increased by 0.55 when compared to last closing price of 3.76.Despite this, the company has seen a gain of 3.30% in its stock price over the last five trading days. globenewswire.com reported 2024-08-13 that Phase 3 Orbit and Cosmic studies of setrusumab in OI, conducted by our partner Ultragenyx, fully enrolled New long-term Phase 2 data from the Phase 2/3 Orbit study demonstrated continued reduction in fracture rates Cash of $87.4 million as of June 30, 2024 expected to fund operations into 2027 LONDON, Aug. 13, 2024 (GLOBE NEWSWIRE) — Mereo BioPharma Group plc (NASDAQ: MREO) (“Mereo” or the “Company”), a clinical-stage biopharmaceutical company focused on rare diseases, today announced its financial results for the second quarter ended June 30, 2024, and provided an update on recent corporate highlights. The Company reported cash and cash equivalents of $87.4 million as of June 30, 2024, which includes the net proceeds of the Company’s $50 million registered direct offering in June 2024.
Is It Worth Investing in Mereo Biopharma Group Plc ADR (NASDAQ: MREO) Right Now?
Company’s 36-month beta value is 0.98.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for MREO is 140.27M, and currently, short sellers hold a 3.12% ratio of that floaft. The average trading volume of MREO on August 14, 2024 was 1.10M shares.
MREO’s Market Performance
The stock of Mereo Biopharma Group Plc ADR (MREO) has seen a 3.30% increase in the past week, with a -7.56% drop in the past month, and a 27.73% gain in the past quarter. The volatility ratio for the week is 5.75%, and the volatility levels for the past 30 days are at 6.49% for MREO. The simple moving average for the last 20 days is -3.61% for MREO’s stock, with a simple moving average of 21.09% for the last 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 -0.74% 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 -15.98% of loss for the given period.
Volatility was left at 6.49%, however, over the last 30 days, the volatility rate increased by 5.75%.
During the last 5 trading sessions, MREO rose by +0.40%, in comparison to the 20-day moving average. In addition, Mereo Biopharma Group Plc ADR saw 63.67% 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 Sermon Charles, who sale 32,187 shares at the price of $3.39 back on Jun 26 ’24. After this action, Sermon Charles now owns 184,387 shares of Mereo Biopharma Group Plc ADR, valued at $109,217 using the latest closing price.
Sermon Charles, the General Counsel of Mereo Biopharma Group Plc ADR, sale 14,202 shares at $3.69 during a trade that took place back on Jun 25 ’24, which means that Sermon Charles is holding 216,574 shares at $52,461 based on the most recent closing price.
Stock Fundamentals for MREO
Current profitability levels for the company are sitting at:
- -38.65 for the present operating margin
- 0.26 for the gross margin
The net margin for Mereo Biopharma Group Plc ADR stands at -37.8. The total capital return value is set at -0.43. 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 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at -10.22. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is 7.08.
Currently, EBITDA for the company is -23.95 million with net debt to EBITDA at 2.52. When we switch over and look at the enterprise to sales, we see a ratio of 502.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.07.
Conclusion
In a nutshell, Mereo Biopharma Group Plc ADR (MREO) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
