MEI Pharma Inc. [MEIP] is -81.18% lower this YTD. Is it still time to buy?

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MEI Pharma Inc. [NASDAQ: MEIP] price plunged by -1.88 percent to reach at -$0.01. The company report on May 12, 2022 that MEI Pharma and Kyowa Kirin Announce Acceptance of Two Abstracts for Presentation at the European Hematology Association 2022 Hybrid Congress.

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MEI Pharma, Inc. (NASDAQ: MEIP), a late-stage pharmaceutical company focused on advancing new therapies for cancer, and Kyowa Kirin Co., Ltd. (Kyowa Kirin, TSE: 4151), a global specialty pharmaceutical company creating innovative medical solutions utilizing the latest biotechnology, today announced that two abstracts highlighting data and information for zandelisib, an investigational phosphatidylinositol 3-kinase delta (“PI3Kδ”) inhibitor in clinical development for the treatment of B-cell malignancies, will be presented at the upcoming European Hematology Association (EHA) 2022 Hybrid Congress to be held June 9 – 17, 2022.

Oral Presentation Title: Efficacy and Safety of Zandelisib Administered by Intermittent Dosing (ID) in Patients with Relapsed or Refractory (r/r) Follicular Lymphoma: Primary Analysis of the Global Phase 2 Study TIDALSession Title: Indolent & mantle cell non-Hodgkin lymphoma – ClinicalPresenter: Andrew David Zelenetz, PhD, MDTime: June 11, 11:30am-12:45pm CESTAbstract Code: S208.

A sum of 3665164 shares traded at recent session while its average daily volume was at 6.03M shares. MEI Pharma Inc. shares reached a high of $0.5423 and dropped to a low of $0.4871 until finishing in the latest session at $0.50.

The one-year MEIP stock forecast points to a potential upside of 90.57. The average equity rating for MEIP stock is currently 1.80, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on MEI Pharma Inc. [MEIP]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MEIP shares is $5.30 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MEIP stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wells Fargo have made an estimate for MEI Pharma Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on March 25, 2022. While these analysts kept the previous recommendation, Stifel dropped their target price from $6 to $2. The new note on the price target was released on March 25, 2022, representing the official price target for MEI Pharma Inc. stock. Previously, the target price had yet another drop from $4 to $1, while Jefferies kept a Hold rating on MEIP stock.

The Average True Range (ATR) for MEI Pharma Inc. is set at 0.06, with the Price to Sales ratio for MEIP stock in the period of the last 12 months amounting to 1.46. The Price to Book ratio for the last quarter was 0.82, with the Price to Cash per share for the same quarter was set at 1.45.

MEIP Stock Performance Analysis:

MEI Pharma Inc. [MEIP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.86. With this latest performance, MEIP shares dropped by -20.00% in over the last four-week period, additionally sinking by -83.20% over the last 6 months – not to mention a drop of -80.64% 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 MEIP stock in for the last two-week period is set at 33.36, with the RSI for the last a single of trading hit 35.19, and the three-weeks RSI is set at 32.28 for MEI Pharma Inc. [MEIP]. The present Moving Average for the last 50 days of trading for this stock 0.9854, while it was recorded at 0.5453 for the last single week of trading, and 2.2023 for the last 200 days.

Insight into MEI Pharma Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and MEI Pharma Inc. [MEIP] shares currently have an operating margin of -272.90 and a Gross Margin at +94.49. MEI Pharma Inc.’s Net Margin is presently recorded at -198.06.

Return on Total Capital for MEIP is now -108.99, given the latest momentum, and Return on Invested Capital for the company is -79.68. Return on Equity for this stock declined to -84.59, with Return on Assets sitting at -26.35. When it comes to the capital structure of this company, MEI Pharma Inc. [MEIP] has a Total Debt to Total Equity ratio set at 20.06. Additionally, MEIP Total Debt to Total Capital is recorded at 16.71, with Total Debt to Total Assets ending up at 4.77. Long-Term Debt to Equity for the company is recorded at 17.82, with the Long-Term Debt to Total Capital now at 14.84.

Reflecting on the efficiency of the workforce at the company, MEI Pharma Inc. [MEIP] managed to generate an average of -$665,461 per employee. Receivables Turnover for the company is 1.64 with a Total Asset Turnover recorded at a value of 0.13.MEI Pharma Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.60 and a Current Ratio set at 6.60.

MEIP Stock EPS

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 MEIP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for MEI Pharma Inc. go to -0.10%.

MEI Pharma Inc. [MEIP] Insider Position Details

There are presently around $47 million, or 62.20% of MEIP stock, in the hands of institutional investors. The top three institutional holders of MEIP stocks are: BIOIMPACT CAPITAL LLC with ownership of 12,350,971, which is approximately -1.146% of the company’s market cap and around 0.57% of the total institutional ownership; FIRST LIGHT ASSET MANAGEMENT, LLC, holding 11,217,426 shares of the stock with an approximate value of $5.74 million in MEIP stocks shares; and WASATCH ADVISORS INC, currently with $4.78 million in MEIP stock with ownership of nearly 47.361% of the company’s market capitalization.

56 institutional holders increased their position in MEI Pharma Inc. [NASDAQ:MEIP] by around 14,287,273 shares. Additionally, 41 investors decreased positions by around 5,649,632 shares, while 25 investors held positions by with 71,964,093 shares. The mentioned changes placed institutional holdings at 91,900,998 shares, according to the latest SEC report filing. MEIP stock had 19 new institutional investments in for a total of 3,246,685 shares, while 18 institutional investors sold positions of 4,101,327 shares during the same period.