The stock of Mereo Biopharma Group Plc ADR (MREO) has gone up by 8.62% for the week, with a 6.04% rise in the past month and a 15.34% rise in the past quarter. The volatility ratio for the week is 4.94%, and the volatility levels for the past 30 days are 4.59% for MREO. The simple moving average for the past 20 days is 5.29% for MREO’s stock, with a 22.73% simple moving average for the past 200 days.
Is It Worth Investing in Mereo Biopharma Group Plc ADR (NASDAQ: MREO) Right Now?
The stock has a 36-month beta value of 0.97. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 3 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for MREO is 141.76M, and at present, short sellers hold a 3.44% of that float. On October 17, 2024, the average trading volume of MREO was 862.58K shares.
MREO) stock’s latest price update
Mereo Biopharma Group Plc ADR (NASDAQ: MREO) has experienced a decline in its stock price by -0.78 compared to its previous closing price of 4.51. However, the company has seen a gain of 8.62% in its stock price over the last five trading days. globenewswire.com reported 2024-09-12 that LONDON, Sept. 12, 2024 (GLOBE NEWSWIRE) — Mereo BioPharma Group plc (NASDAQ: MREO) (“Mereo” or the “Company”), a clinical-stage biopharmaceutical company focused on rare diseases, today announced that Dr. Denise Scots-Knight, Chief Executive Officer, will participate in a Fireside Chat at the 2024 Cantor Global Healthcare Conference on Wednesday, September 18, 2024, at 10:55am ET / 03:55pm BST.
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 3.70% 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 -10.86% of loss for the given period.
Volatility was left at 4.59%, however, over the last 30 days, the volatility rate increased by 4.94%, as shares surge +4.79% for the moving average over the last 20 days.
During the last 5 trading sessions, MREO rose by +8.86%, in comparison to the 20-day moving average, which settled at $4.25. In addition, Mereo Biopharma Group Plc ADR saw 93.72% 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 60,046 shares at the price of $4.22 back on Sep 13 ’24. After this action, Scots-Knight Denise now owns 808,921 shares of Mereo Biopharma Group Plc ADR, valued at $253,454 using the latest closing price.
Scots-Knight Denise, the Chief Executive Officer of Mereo Biopharma Group Plc ADR, sale 28,611 shares at $4.47 during a trade that took place back on Sep 12 ’24, which means that Scots-Knight Denise is holding 868,967 shares at $127,968 based on the most recent closing price.
Stock Fundamentals for MREO
Current profitability levels for the company are sitting at:
- -38.66 for the present operating margin
- -0.03 for the gross margin
The net margin for Mereo Biopharma Group Plc ADR stands at -37.81. The total capital return value is set at -0.43.
Based on Mereo Biopharma Group Plc ADR (MREO), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at -3.33. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is 8.2.
Currently, EBITDA for the company is -23.95 million with net debt to EBITDA at 2.39. When we switch over and look at the enterprise to sales, we see a ratio of 682.96. The receivables turnover for the company is 0.33for trailing twelve months and the total asset turnover is 0.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.07.
Conclusion
To sum up, Mereo Biopharma Group Plc ADR (MREO) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
