MeiraGTx Holdings plc (NASDAQ:MGTX)’s traded shares stood at 0.39 million during the last session, with the company’s beta value hitting 1.22. At the close of trading, the stock’s price was $7.13, to imply an increase of 2.15% or $0.15 in intraday trading. The MGTX share’s 52-week high remains $7.80, putting it -9.4% down since that peak but still an impressive 46.0% since price per share fell to its 52-week low of $3.85.
MeiraGTx Holdings plc (NASDAQ:MGTX) trade information
After registering a 2.15% upside in the last session, MeiraGTx Holdings plc (MGTX) has traded red over the past five days. The 5-day price performance for the stock is -2.33%, and 14.72% over 30 days. With these gigs, the year-to-date price performance is 17.08%.
The extremes give us $9 and $9 for target low and target high price respectively. As such, MGTX has been trading -26.23% off suggested target high and -26.23% from its likely low.
MeiraGTx Holdings plc (MGTX) estimates and forecasts
The rating firms project that company’s revenue will shrink -4.44% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 1.5M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 1.5M.Earnings reports from the last fiscal year show that sales brought in 2.04M and 697k respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -26.47% before jumping 115.21% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 19.75% for the past 5-year period. While 2025 is set for a -28.86% return in earnings, projections for the next 5 years are at 6.57% annually.
MGTX Dividends
MeiraGTx Holdings plc has its next earnings report out in April. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
The next major institution holding the largest number of shares is JOHNSON & JOHNSON with 6.64 million shares, or about 10.316% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $27.96 million.
We also have iShares Russell 2000 ETF and Fidelity Small Cap Index Fund as the top two Mutual Funds with the largest holdings of the MeiraGTx Holdings plc (MGTX) shares. Going by data provided on Dec 31, 2024 , iShares Russell 2000 ETF holds roughly 1.2 shares. This is just over 1.54% of the total shares, with a market valuation of $8.57 million. Data from the same date shows that the other fund manager holds a little less at 393.02, or 0.50% of the shares, all valued at about 2.8 million.
