Milestone Pharmaceuticals Inc (NASDAQ:MIST) Shares Surged 2.82% In A Week – But Will They Keep Going Up?

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In last trading session, Milestone Pharmaceuticals Inc (NASDAQ:MIST) saw 0.34 million shares changing hands with its beta currently measuring 1.70. Company’s recent per share price level of $1.46 trading at $0.0 or 0.00% at ring of the bell on the day assigns it a market valuation of $77.77M. That closing price of MIST’s stock is at a discount of -141.1% from its 52-week high price of $3.52 and is indicating a premium of 23.29% from its 52-week low price of $1.12. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.13 million shares which gives us an average trading volume of 104.14K if we extend that period to 3-months.

For Milestone Pharmaceuticals Inc (MIST), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.40. Splitting up the data highlights that, out of 3 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 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.16 in the current quarter.

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Milestone Pharmaceuticals Inc (NASDAQ:MIST) trade information

Milestone Pharmaceuticals Inc’s shares saw a change of -12.57% in year-to-date performance and have moved 2.82% in past 5-day. Milestone Pharmaceuticals Inc (NASDAQ:MIST) showed a performance of 9.77% in past 30-days. Number of shares sold short was 0.38 million shares which calculate 3.9 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 10 to the stock, which implies a rise of 85.4% to its current value. Analysts have been projecting 10 as a low price target for the stock while placing it at a high target of 10. It follows that stock’s current price would drop -584.93% in reaching the projected high whereas dropping to the targeted low would mean a loss of -584.93% for stock’s current value.

Milestone Pharmaceuticals Inc (MIST) estimates and forecasts

Statistics highlight that Milestone Pharmaceuticals Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -2.67% of value to its shares in past 6 months, showing an annual growth rate of 48.92% while that of industry is 17.90. Apart from that, the company came raising its revenue forecast for fiscal year 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 -7.22% during past 5 years.

Milestone Pharmaceuticals Inc (NASDAQ:MIST)’s Major holders

Insiders are in possession of 0.69% of company’s total shares while institution are holding 56.92 percent of that, with stock having share float percentage of 57.31%. Investors also watch the number of corporate investors in a company very closely, which is 56.92% institutions for Milestone Pharmaceuticals Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at MIST for having 4.97 million shares of worth $6.56 million. And as of 2024-06-30, it was holding 9.9119 of the company’s outstanding shares.

The second largest institutional holder is RTW INVESTMENTS, LP, which was holding about 3.26 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.4921 of outstanding shares, having a total worth of $4.3 million.