Is Mereo Biopharma Group Plc ADR (NASDAQ: MREO) Stock Poised for More Growth?

IPW

In the last trading session, 5.85 million Mereo Biopharma Group Plc ADR (NASDAQ:MREO) shares changed hands as the company’s beta touched 0.90. With the company’s per share price at $4.25 changed hands at $0.26 or 6.52% during last session, the market valuation stood at $596.15M. MREO’s last price was a discount, traded about -2.59% off its 52-week high of $4.36. The share price had its 52-week low at $1.07, which suggests the last value was 74.82% up since then. When we look at Mereo Biopharma Group Plc ADR’s average trading volume, we note the 3-month average coming to 985.56K.

Mereo Biopharma Group Plc ADR (NASDAQ:MREO) trade information

Instantly MREO was in green as seen at the end of in last trading. With action 24.27%, the performance over the past five days has been green. The jump to weekly highs of 4.41 added 6.52% to the stock’s daily price. The company’s shares are showing year-to-date upside of 83.98%, with the 5-day performance at 24.27% in the green. However, in the 30-day time frame, Mereo Biopharma Group Plc ADR (NASDAQ:MREO) is 34.07% up.

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Mereo Biopharma Group Plc ADR (MREO) estimates and forecasts

Data shows that the Mereo Biopharma Group Plc ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 104.33% over the past 6 months, a 115.00% in annual growth rate that is considerably higher than the industry average of 15.60%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 41.78%. The 2024 estimates are for Mereo Biopharma Group Plc ADR earnings to increase by 60.00%.

MREO Dividends

Mereo Biopharma Group Plc ADR is expected to release its next quarterly earnings report in July.