MeiraGTx Holdings plc (NASDAQ:MGTX) Is 55.34% Above Its 52-Week Low, But How Long Will It Remain So?

In last trading session, MeiraGTx Holdings plc (NASDAQ:MGTX) saw 0.4 million shares changing hands with its beta currently measuring 1.26. Company’s recent per share price level of $8.62 trading at $0.0 or 0.00% at ring of the bell on the day assigns it a market valuation of $692.75M. That closing price of MGTX’s stock is at a discount of -4.18% from its 52-week high price of $8.98 and is indicating a premium of 55.34% 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 0.68 million shares which gives us an average trading volume of 546.47K if we extend that period to 3-months.

MeiraGTx Holdings plc (NASDAQ:MGTX) trade information

MeiraGTx Holdings plc’s shares saw a change of 77.37% in year-to-date performance and have moved 1.77% in past 5-day. MeiraGTx Holdings plc (NASDAQ:MGTX) showed a performance of 36.18% in past 30-days. Number of shares sold short was 3.67 million shares which calculate 6.81 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 4.22% to its current value. 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 -4.41% in reaching the projected high whereas dropping to the targeted low would mean a loss of -4.41% for stock’s current value.

MeiraGTx Holdings plc (MGTX) estimates and forecasts

This year revenue growth is estimated to rise 10.16% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 6.48M for the same. And 4 analysts are in estimates of company making revenue of 6.85M in the next quarter. Company posted 282k and 10.91M of sales in current and next quarters respectively a year earlier.

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 -5.10% during past 5 years. In 2025, company’s earnings growth rate is likely to be around 57.08% while estimates for its earnings growth in next 5 years are of 22.68%.

MeiraGTx Holdings plc (NASDAQ:MGTX)’s Major holders

Insiders are in possession of 24.27% of company’s total shares while institution are holding 60.04 percent of that, with stock having share float percentage of 79.28%. Investors also watch the number of corporate investors in a company very closely, which is 60.04% 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 Trust-iShares Russell 2000 ETF and Fidelity Salem Street Trust-Fidelity Small Cap Index Fund are the top two Mutual Funds which own company’s shares. As of May 31, 2025, the former fund manager was holding 1.21 shares of worth $10.45 million or 1.51% of the total outstanding shares. The later fund manager was in possession of 481.04 shares on Apr 30, 2025, making its stake of worth around $4.15 million in the company or a holder of 0.60% of company’s stock.

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