In recent trading session, MeiraGTx Holdings plc (NASDAQ:MGTX) saw 0.47 million shares changing hands at last check today with its beta currently measuring 1.08. Company’s recent per share price level of $8.10 trading at -$0.15 or -1.82% at last check today assigns it a market valuation of $633.02M. That most recent trading price of MGTX’s stock is at a discount of -4.81% from its 52-week high price of $8.49 and is indicating a premium of 52.47% from its 52-week low price of $3.85. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.94 million shares which gives us an average trading volume of 419.85K if we extend that period to 3-months.
MeiraGTx Holdings plc (NASDAQ:MGTX) trade information
Upright in the red during last session for losing -1.82%, in the last five days MGTX remained trading in the green while hitting it’s week-highest on Friday, 03/14/25 when the stock touched $8.10 price level, adding 7.43% to its value on the day. MeiraGTx Holdings plc’s shares saw a change of 33.00% in year-to-date performance and have moved 26.95% in past 5-day. MeiraGTx Holdings plc (NASDAQ:MGTX) showed a performance of 25.77% in past 30-days. Number of shares sold short was 1.98 million shares which calculate 6.51 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 9 to the stock, which implies a rise of 10.0% to its recent value today. Analysts have been projecting 9 as a low price target for the stock while placing it at a high target of 9. It follows that stock’s current price would drop -11.11% in reaching the projected high whereas dropping to the targeted low would mean a loss of -11.11% for stock’s current value.
MeiraGTx Holdings plc (MGTX) estimates and forecasts
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 19.75% during past 5 years. In 2025, company’s earnings growth rate is likely to be around 78.21% while estimates for its earnings growth in next 5 years are of 42.17%.
MeiraGTx Holdings plc (NASDAQ:MGTX)’s Major holders
Insiders are in possession of 39.60% of company’s total shares while institution are holding 59.43 percent of that, with stock having share float percentage of 98.39%. Investors also watch the number of corporate investors in a company very closely, which is 59.43% institutions for MeiraGTx Holdings plc that are currently holding shares of the company. PERCEPTIVE ADVISORS LLC is the top institutional holder at MGTX for having 11.33 million shares of worth $47.67 million. And as of 2024-06-30, it was holding 17.6013 of the company’s outstanding shares.
The second largest institutional holder is JOHNSON & JOHNSON, which was holding about 6.64 million shares on 2024-06-30. The number of shares represents firm’s hold over 10.316 of outstanding shares, having a total worth of $27.96 million.
On the other hand, iShares Russell 2000 ETF and Fidelity Small Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024, the former fund manager was holding 1.2 shares of worth $9.9 million or 1.54% of the total outstanding shares. The later fund manager was in possession of 457.9 shares on Dec 31, 2024, making its stake of worth around $3.77 million in the company or a holder of 0.59% of company’s stock.
