MeiraGTx Holdings plc [NASDAQ: MGTX] stock went on an upward path that rose over 15.51% on Friday, amounting to a one-week price increase of more than 15.70%. In a recent update on July 17, the company reported a 6-month data of AAV-RPGR from its ongoing Phase 1/2 clinical trials. AVV-RPGR is an investigational gene therapy that will help in the treatment of X-linked retinitis pigmentosa (XLRP) patients.
The data founded during the 6-month testing time reflected that AAV-RPGR was generally well tolerated and a major improvement was observed in vision during the trials of dose escalation phase. The preliminary outcomes from the Phase 1/2 clinical trials are being presented at the American Society of Retina Specialist (ASRS) 2020 Virtual Annual Meeting as a late-breaker oral presentation.
The market cap for the stock reached $457.75 million, with 36.63 million shares outstanding and 21.45 million shares in the current float. Compared to the average trading volume of 103.26K shares, MGTX stock reached a trading volume of 813950 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on MeiraGTx Holdings plc [MGTX]:
Piper Jaffray have made an estimate for MeiraGTx Holdings plc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on September 03, 2019. While these analysts kept the previous recommendation, Chardan Capital Markets raised their target price from $30 to $40. The new note on the price target was released on February 27, 2019, representing the official price target for MeiraGTx Holdings plc stock.
The Average True Range (ATR) for MeiraGTx Holdings plc is set at 0.98, with the Price to Sales ratio for MGTX stock in the period of the last 12 months amounting to 27.41. The Price to Book ratio for the last quarter was 2.80, with the Price to Cash per share for the same quarter was set at 6.50.
MGTX Stock Performance Analysis:
MeiraGTx Holdings plc [MGTX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 15.70. With this latest performance, MGTX shares gained by 2.09% in over the last four-week period, additionally sinking by -31.38% over the last 6 months – not to mention a drop of -49.06% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MGTX stock in for the last two-week period is set at 59.25, with the RSI for the last a single of trading hit 65.66, and the three-weeks RSI is set at 54.83 for MeiraGTx Holdings plc [MGTX]. The present Moving Average for the last 50 days of trading for this stock 13.79, while it was recorded at 12.56 for the last single week of trading, and 15.77 for the last 200 days.
Insight into MeiraGTx Holdings plc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and MeiraGTx Holdings plc [MGTX] shares currently have an operating margin of -438.37. MeiraGTx Holdings plc’s Net Margin is presently recorded at -411.87.
Return on Total Capital for MGTX is now -39.49, given the latest momentum, and Return on Invested Capital for the company is -37.32. Return on Equity for this stock declined to -40.28, with Return on Assets sitting at -26.02. When it comes to the capital structure of this company, MeiraGTx Holdings plc [MGTX] has a Total Debt to Total Equity ratio set at 12.15. Additionally, MGTX Total Debt to Total Capital is recorded at 10.83, with Total Debt to Total Assets ending up at 7.16. Long-Term Debt to Equity for the company is recorded at 11.27, with the Long-Term Debt to Total Capital now at 10.05.
Reflecting on the efficiency of the workforce at the company, MeiraGTx Holdings plc [MGTX] managed to generate an average of -$348,702 per employee. Receivables Turnover for the company is 0.72 with a Total Asset Turnover recorded at a value of 0.06.MeiraGTx Holdings plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.80 and a Current Ratio set at 5.80.
MGTX Stock EPS
With the latest financial reports released by the company, MeiraGTx Holdings plc posted -0.63/share EPS, while the average EPS was predicted by analysts to be reported at -0.16/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -293.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MGTX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for MeiraGTx Holdings plc go to 2.40%.
MeiraGTx Holdings plc [MGTX] Insider Position Details
There are presently around $286 million, or 55.50% of MGTX stock, in the hands of institutional investors. The top three institutional holders of MGTX stocks are: PERCEPTIVE ADVISORS LLC with ownership of 6,433,277, which is approximately 0% of the company’s market cap and around 7.90% of the total institutional ownership; ORBIMED ADVISORS LLC, holding 3,582,320 shares of the stock with an approximate value of $50.69 million in MGTX stocks shares; and JOHNSON & JOHNSON INNOVATION – JJDC, INC., currently with $41.01 million in MGTX stock with ownership of nearly New of the company’s market capitalization.
Positions in MeiraGTx Holdings plc stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 51 institutional holders increased their position in MeiraGTx Holdings plc [NASDAQ:MGTX] by around 4,433,829 shares. Additionally, 40 investors decreased positions by around 716,479 shares, while 10 investors held positions by with 15,036,774 shares. The mentioned changes placed institutional holdings at 20,187,082 shares, according to the latest SEC report filing. MGTX stock had 18 new institutional investments in for a total of 3,496,300 shares, while 17 institutional investors sold positions of 427,168 shares during the same period.