Milestone Pharmaceuticals Inc (NASDAQ:MIST) Could Really Rise To 10 In 12 Months, According To Analysts.

In last trading session, Milestone Pharmaceuticals Inc (NASDAQ:MIST) saw 0.31 million shares changing hands with its beta currently measuring 1.80. Company’s recent per share price level of $1.94 trading at $0.07 or 3.74% at ring of the bell on the day assigns it a market valuation of $103.45M. That closing price of MIST’s stock is at a discount of -81.44% from its 52-week high price of $3.52 and is indicating a premium of 42.27% 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 0.33 million shares which gives us an average trading volume of 271.89K 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 -0.15 in the current quarter.

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Milestone Pharmaceuticals Inc (NASDAQ:MIST) trade information

Upright in the green during last session for gaining 3.74%, in the last five days MIST remained trading in the green while hitting it’s week-highest on Friday, 11/29/24 when the stock touched $1.94 price level, adding 3.0% to its value on the day. Milestone Pharmaceuticals Inc’s shares saw a change of 16.17% in year-to-date performance and have moved 4.86% in past 5-day. Milestone Pharmaceuticals Inc (NASDAQ:MIST) showed a performance of 34.72% in past 30-days. Number of shares sold short was 0.45 million shares which calculate 2.46 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 80.6% 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 -415.46% in reaching the projected high whereas dropping to the targeted low would mean a loss of -415.46% 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 added 29.33% of value to its shares in past 6 months, showing an annual growth rate of 55.40% while that of industry is 17.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -100.00% from the last financial year’s standing.

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 57.01 percent of that, with stock having share float percentage of 57.41%. Investors also watch the number of corporate investors in a company very closely, which is 57.01% 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.

On the other hand, SPDR (R) Idx Shares-SPDR (R) S&P (R) International Small Cap ETF and Fidelity NASDAQ Composite Index Fund are the top two Mutual Funds which own company’s shares. As of Aug 31, 2024 , the former fund manager was holding 19.6 shares of worth $39007.0 or 0.04% of the total outstanding shares. The later fund manager was in possession of 17.58 shares on Sep 30, 2024 , making its stake of worth around $34976.0 in the company or a holder of 0.03% of company’s stock.