In last trading session, MeiraGTx Holdings plc (NASDAQ:MGTX) saw 0.34 million shares changing hands with its beta currently measuring 1.44. Company’s recent per share price level of $5.64 trading at $0.53 or 10.37% at ring of the bell on the day assigns it a market valuation of $358.70M. That closing price of MGTX’s stock is at a discount of -55.5% from its 52-week high price of $8.77 and is indicating a premium of 38.12% from its 52-week low price of $3.49. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.2 million shares which gives us an average trading volume of 317.61K if we extend that period to 3-months.
For MeiraGTx Holdings plc (MGTX), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.51 in the current quarter.
MeiraGTx Holdings plc (NASDAQ:MGTX) trade information
Upright in the green during last session for gaining 10.37%, in the last five days MGTX remained trading in the green while hitting it’s week-highest on Friday, 11/17/23 when the stock touched $5.64 price level, adding 0.18% to its value on the day. MeiraGTx Holdings plc’s shares saw a change of -13.50% in year-to-date performance and have moved 17.26% in past 5-day. MeiraGTx Holdings plc (NASDAQ:MGTX) showed a performance of 46.49% in past 30-days. Number of shares sold short was 0.98 million shares which calculate 1.44 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $24.00 to the stock, which implies a rise of 76.5% to its current value. Analysts have been projecting $11.00 as a low price target for the stock while placing it at a high target of $41.00. It follows that stock’s current price would drop -626.95% in reaching the projected high whereas dropping to the targeted low would mean a loss of -95.04% for stock’s current value.
MeiraGTx Holdings plc (MGTX) estimates and forecasts
Statistics highlight that MeiraGTx Holdings plc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -25.40% of value to its shares in past 6 months, showing an annual growth rate of 19.16% while that of industry is 14.80. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 15.00% in the current quarter and calculating 12.90% increase in the next quarter. This year revenue growth is estimated to rise 4.80% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $3.5 million for the same. And 2 analysts are in estimates of company making revenue of $3.49 million in the next quarter that will end on Mar 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -20.27% during past 5 years. In 2023, company’s earnings growth rate is likely to be around 18.47% while estimates for its earnings growth in next 5 years are of 2.40%.
MeiraGTx Holdings plc is more likely to be releasing its next quarterly report between November 10 and November 13 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
MeiraGTx Holdings plc (NASDAQ:MGTX)’s Major holders
Insiders are in possession of 4.87% of company’s total shares while institution are holding 61.02 percent of that, with stock having share float percentage of 64.15%. Investors also watch the number of corporate investors in a company very closely, which is 61.02% institutions for MeiraGTx Holdings plc that are currently holding shares of the company. Perceptive Advisors Llc is the top institutional holder at MGTX for having 11.33 million shares of worth $76.15 million. And as of Jun 29, 2023, it was holding 19.03% of the company’s outstanding shares.
The second largest institutional holder is Johnson & Johnson, which was holding about 6.64 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 11.15% of outstanding shares, having a total worth of $44.63 million.
On the other hand, iShares Russell 2000 ETF and Fidelity Small Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Aug 30, 2023, the former fund manager was holding 0.73 million shares of worth $4.6 million or 1.23% of the total outstanding shares. The later fund manager was in possession of 0.29 million shares on Jul 30, 2023, making its stake of worth around $1.81 million in the company or a holder of 0.48% of company’s stock.