MeiraGTx Holdings plc [NASDAQ: MGTX] gained 28.71% or 1.84 points to close at $8.25 with a heavy trading volume of 6292476 shares.
The daily chart for MGTX points out that the company has recorded 102.70% gains over the past six months.
If we look at the average trading volume of 316.53K shares, MGTX reached to a volume of 6292476 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about MeiraGTx Holdings plc [MGTX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MGTX shares is $26.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MGTX stock is a recommendation set at 1.00. 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.
Chardan Capital Markets have made an estimate for MeiraGTx Holdings plc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 31, 2024. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price to Outperform. The new note on the price target was released on October 23, 2020, representing the official price target for MeiraGTx Holdings plc stock. Previously, the target price had yet another raise to $20, while BofA Securities analysts kept a Buy rating on MGTX stock.
The Average True Range (ATR) for MeiraGTx Holdings plc is set at 0.54, with the Price to Sales ratio for MGTX stock in the period of the last 12 months amounting to 46.29. The Price to Book ratio for the last quarter was 6.70, with the Price to Cash per share for the same quarter was set at 1.57.
Trading performance analysis for MGTX stock
MeiraGTx Holdings plc [MGTX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 27.71. With this latest performance, MGTX shares gained by 29.11% in over the last four-week period, additionally plugging by 102.70% over the last 6 months – not to mention a rise of 26.53% 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 69.54, with the RSI for the last a single of trading hit 74.97, and the three-weeks RSI is set at 66.05 for MeiraGTx Holdings plc [MGTX]. The present Moving Average for the last 50 days of trading for this stock 6.49, while it was recorded at 6.65 for the last single week of trading, and 5.38 for the last 200 days.
MeiraGTx Holdings plc [MGTX]: A deeper dive into fundamental analysis
MeiraGTx Holdings plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.34 and a Current Ratio set at 2.34.
MeiraGTx Holdings plc [MGTX]: An earnings per share (EPS) analysis
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 42.17%.
An analysis of Institutional ownership at MeiraGTx Holdings plc [MGTX]
There are presently around $59.43%, or 98.39%% of MGTX stock, in the hands of institutional investors. The top three institutional holders of MGTX stocks are: PERCEPTIVE ADVISORS LLC with ownership of 11.33 million shares, which is approximately 17.6013%. JOHNSON & JOHNSON, holding 6.64 million shares of the stock with an approximate value of $$27.96 million in MGTX stocks shares; and JOHNSON & JOHNSON, currently with $$22.01 million in MGTX stock with ownership which is approximately 8.1227%.
