Analysts’ Views On MEI Pharma Inc. (MEIP)

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MEI Pharma Inc. (NASDAQ:MEIP) finished Wednesday with a subtraction of -$0.03 to close at $0.41, a downside of -6.90 percent. An average of 859,260 shares of common stock have been traded in the last five days. There was a fall of -$0.0800 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 764,470 shares traded, while the 50-day average volume stands at 1,001,434.

MEIP stock has decreased by -23.34% in the last month. The company shares reached their 1-month lowest point of $0.4100 on 09/21/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $0.41 and a high of $3.55 in 52 weeks. It has reached a new high 2 times so far this year and lost -84.64% or -$2.2600 in price. In spite of this, the price is down -88.45% from the 52-week high.


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Valuation Metrics

MEI Pharma Inc. (MEIP) stock’s beta is 0.81. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.34, the price-to-book (PB) ratio at 1.05.

Financial Health

The quick ratio of MEI Pharma Inc. for the three months ended June 29 was 6.80, and the current ratio was 6.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. MEI Pharma Inc.’s EBITDA margin for the year ending June 29 is -271.78%. Its gross profit as reported stood at $40.7 million compared to revenue of $40.7 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, MEI Pharma Inc.’s return on assets was -28.70%.

Earnings Surprise

For the three-month period that ended June 29, MEI Pharma Inc. had $137.51 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$16.06 million in the quarter, while revenues of -$8.73 million were grew 122.1%. The analyst consensus anticipated MEI Pharma Inc.’s latest quarter earnings to come in at -$0.19 per share, but it turned out to be -$0.12, a 36.80% surprise. For the quarter, EBITDA amounted to -$16.11 million. Shareholders own equity worth $133.26 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at MEI Pharma Inc. (MEIP) price momentum. RSI 9-day as of the close on 21 September was 24.15%, suggesting the stock is oversold, with historical volatility in this time frame at 58.50%.

As of today, MEIP’s price is $0.4648 -16.33% or -$0.0800 from its 5-day moving average. MEIP is currently trading -21.92% lower than its 20-day SMA and -21.79% lower than its 100-day SMA. However, the stock’s current price level is -32.92% below the SMA50 and -83.67% below the SMA200.

The stochastic %K and %D were 13.24% and 16.03%, respectively, and the average true range (ATR) was 0.0406. With the 14-day stochastic at 0.00% and the average true range at 0.0395, the RSI (14) stands at 30.77%. The stock has reached -0.0447 on the 9-day MACD Oscillator while the 14-day reading was at -0.0490.

Analyst Ratings

Wells Fargo downgraded MEI Pharma Inc. (NASDAQ: MEIP) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for MEI Pharma Inc. (MEIP) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MEIP, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.

What is MEIP’s price target for the next 12 months?

Analysts predict a range of price targets between $0.50 and $15.00, with a median target of $3.00. Taking a look at these predictions, the average price target given by analysts for MEI Pharma Inc. (MEIP) stock is $5.07.

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