Does Madrigal Pharmaceuticals Inc (NASDAQ:MDGL) Look Expensive At $171.37? Here’s How To Know.

In last trading session, Madrigal Pharmaceuticals Inc (NASDAQ:MDGL) saw 1.39 million shares changing hands with its beta currently measuring -0.52. Company’s recent per share price level of $171.37 trading at -$17.17 or -9.11% at ring of the bell on the day assigns it a market valuation of $3.38B. That closing price of MDGL’s stock is at a discount of -88.29% from its 52-week high price of $322.67 and is indicating a premium of 30.12% from its 52-week low price of $119.76. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.59 million shares which gives us an average trading volume of 410.10K if we extend that period to 3-months.

Madrigal Pharmaceuticals Inc (NASDAQ:MDGL) trade information

Upright in the red during last session for losing -9.11%, in the last five days MDGL remained trading in the red while hitting it’s week-highest on Monday, 02/05/24 when the stock touched $171.37 price level, adding 24.56% to its value on the day. Madrigal Pharmaceuticals Inc’s shares saw a change of -25.94% in year-to-date performance and have moved -22.89% in past 5-day. Madrigal Pharmaceuticals Inc (NASDAQ:MDGL) showed a performance of -27.98% in past 30-days. Number of shares sold short was 3.31 million shares which calculate 9.83 days to cover the short interests.

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Madrigal Pharmaceuticals Inc (MDGL) estimates and forecasts

Statistics highlight that Madrigal Pharmaceuticals Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 1.56% of value to its shares in past 6 months, showing an annual growth rate of -12.94% while that of industry is 11.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -6.00% in the current quarter and calculating -18.90% decrease in the next quarter.

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 -46.66% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -12.84% while estimates for its earnings growth in next 5 years are of 0.00%.

MDGL Dividends

Madrigal Pharmaceuticals Inc is more likely to be releasing its next quarterly report between February 21 and February 26 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.

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