A share price of MeiraGTx Holdings plc [MGTX] is currently trading at $5.33, up 14.87%. An important factor to consider is whether the stock is rising or falling in short-term value. The MGTX shares have gain 28.43% over the last week, with a monthly amount glided 26.90%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, RBC Capital Mkts started tracking the stock with Outperform rating on October 23, 2020, and set its price target to $27. Piper Jaffray started tracking the stock assigning a Overweight rating and suggested a price target of $40 on September 03, 2019. Chardan Capital Markets reiterated its recommendation of a Buy and raised its price target to $40 on February 27, 2019. In a note dated July 03, 2018, Barclays initiated an Overweight rating.
MeiraGTx Holdings plc experienced fluctuations in its stock price throughout the past year between $3.49 and $7.60. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. MeiraGTx Holdings plc [NASDAQ: MGTX] shares were valued at $5.33 at the most recent close of the market. An investor can expect a potential return of 68.86% based on the average MGTX price forecast.
Analyzing the MGTX fundamentals
Trailing Twelve Months sales for MeiraGTx Holdings plc [NASDAQ:MGTX] were 8.12M which represents -92.03% decline. Gross Profit Margin for this corporation currently stands at -0.71% with Operating Profit Margin at -20.83%, Pretax Profit Margin comes in at -11.47%, and Net Profit Margin reading is -11.47%. To continue investigating profitability, this company’s Return on Assets is posted at -0.35, Equity is -0.86 and Total Capital is -0.77. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.96.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.82 points at the first support level, and at 4.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.86, and for the 2nd resistance point, it is at 6.38.
Ratios To Look Out For
To put it in perspective, the Current Ratio for MeiraGTx Holdings plc [NASDAQ:MGTX] is 2.36. On the other hand, the Quick Ratio is 2.36, and the Cash Ratio is 2.13. Considering the valuation of this stock, the price to sales ratio is 50.81, the price to book ratio is 4.31.
Transactions by insiders
Recent insider trading involved PERCEPTIVE ADVISORS LLC, Director, that happened on Aug 12 ’24 when 1.25 million shares were purchased.
