A share price of MeiraGTx Holdings plc [MGTX] is currently trading at $7.87, up 1.03%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MGTX shares have gain 29.23% over the last week, with a monthly amount glided 19.24%, and seem to be holding up well over a long-time horizon.
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 $3.85 and $8.75. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. MeiraGTx Holdings plc [NASDAQ: MGTX] shares were valued at $7.87 at the most recent close of the market. An investor can expect a potential return of 14.36% based on the average MGTX price forecast.
Analyzing the MGTX fundamentals
Trailing Twelve Months sales for MeiraGTx Holdings plc [NASDAQ:MGTX] were 13.93M which represents 113.80% growth. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at -4.93%, Pretax Profit Margin comes in at -4.44%, and Net Profit Margin reading is -4.44%. To continue investigating profitability, this company’s Return on Assets is posted at -0.55, Equity is -1.62 and Total Capital is -0.79. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.25.
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 7.66 points at the first support level, and at 7.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.07, and for the 2nd resistance point, it is at 8.28.
Ratios To Look Out For
To put it in perspective, the Current Ratio for MeiraGTx Holdings plc [NASDAQ:MGTX] is 2.34. In addition, the Quick Ratio stands at 2.34 and the Cash Ratio stands at 1.71. Considering the valuation of this stock, the price to sales ratio is 44.15, the price to book ratio is 6.39.
Transactions by insiders
Recent insider trading involved Giroux Richard, CFO & COO, that happened on Jan 21 ’25 when 24000.0 shares were sold. Officer, Giroux Richard completed a deal on Jan 21 ’25 to buy 24000.0 shares. Meanwhile, PRESIDENT & CEO Forbes Alexandria sold 35839.0 shares on Jan 07 ’25.
