During the last session, MeiraGTx Holdings plc (NASDAQ:MGTX)’s traded shares were 0.41 million, with the beta value of the company hitting 1.39. At the end of the trading day, the stock’s price was $5.41, reflecting an intraday gain of 1.69% or $0.09. The 52-week high for the MGTX share is $8.75, that puts it down -61.74 from that peak though still a striking 28.84% gain since the share price plummeted to a 52-week low of $3.85. The company’s market capitalization is $426.61M, and the average intraday trading volume over the past 10 days was 0.69 million shares, and the average trade volume was 558.52K shares over the past three months.
MeiraGTx Holdings plc (NASDAQ:MGTX) trade information
MeiraGTx Holdings plc (MGTX) registered a 1.69% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.69% in intraday trading to $5.41, hitting a weekly high. The stock’s 5-day price performance is 6.71%, and it has moved by -30.37% in 30 days. Based on these gigs, the overall price performance for the year is 0.00%. The short interest in MeiraGTx Holdings plc (NASDAQ:MGTX) is 1.92 million shares and it means that shorts have 2.5 day(s) to cover.
The consensus price target of analysts on Wall Street is $9, which implies an increase of 39.89% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $9 and $9 respectively. As a result, MGTX is trading at a discount of -66.36% off the target high and -66.36% off the low.
MeiraGTx Holdings plc (MGTX) estimates and forecasts
In the rating firms’ projections, revenue will increase 352.62% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 4.44M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 10.01M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 697k and 282k respectively. In this case, analysts expect current quarter sales to grow by 537.02% and then jump by 3,448.46% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -5.10%. While earnings are projected to return 82.94% in 2025, the next five years will return 14.18% per annum.
MGTX Dividends
MeiraGTx Holdings plc is due to release its next quarterly earnings on 2025-Mar-12. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
MeiraGTx Holdings plc (NASDAQ:MGTX)’s Major holders
MeiraGTx Holdings plc insiders own 24.66% of total outstanding shares while institutional holders control 58.94%, with the float percentage being 78.23%. PERCEPTIVE ADVISORS LLC is the largest shareholder of the company, while 146.0 institutions own stock in it. As of 2024-06-30, the company held over 11.33 million shares (or 17.6013% of all shares), a total value of $47.67 million in shares.
The next largest institutional holding, with 6.64 million shares, is of JOHNSON & JOHNSON’s that is approximately 10.316% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $27.96 million.
Also, the Mutual Funds coming in first place with the largest holdings of MeiraGTx Holdings plc (MGTX) shares are iShares Trust-iShares Russell 2000 ETF and Fidelity Salem Street Trust-Fidelity Small Cap Index Fund . Data provided on Mar 31, 2025 indicates that iShares Trust-iShares Russell 2000 ETF owns about 1.25 shares. This amounts to just over 1.58 percent of the company’s overall shares, with a $6.74 million market value. The same data shows that the other fund manager holds slightly less at 449.48, or about 0.57% of the stock, which is worth about $2.43 million.
