MeiraGTx Holdings plc (MGTX) Is A Stock You Should Watch


As of Wednesday close, MeiraGTx Holdings plc’s (NASDAQ:MGTX) stock was up $0.29, moving up 4.68 percent to $6.38. The average number of shares traded per day over the past five days has been 285,980 shares. 3 times new highs have been achieved over the past 5 days, with a $0.22 gain in that time frame. In the last twenty days, the average volume was 171,775, while in the previous 50 days, it was 132,176.

Since last month, MGTX stock retreated -17.10%. Shares of the company fell to $5.70 on 11/10/22, the lowest level in the past month. A 52-week high of $24.89 was reached on 01/03/22 after having rallying from a 52-week low of $5.70. Since the beginning of this year, MGTX’s stock price has dropped by -73.15% or -$17.36, and marked a new high 1 time. However, the stock has declined by -74.39% since its 52-week high.

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MGTX stock investors should be aware that MeiraGTx Holdings plc (MGTX) stock had its last reported insider trading activity 174 days ago on Jun 03. Zeldin Robert K, the CHIEF MEDICAL OFFICER of the company, purchased of 5,000 shares for $7.90 on Jun 03. It resulted in a $39,500 investment by the insider. Wollin Robert J added 1,000 shares at an average price of $7.94 on May 25. The insider now owns 1,000 shares following the transaction.

Valuation Metrics

The stock’s beta is 1.48. Besides these, the trailing price-to-sales (P/S) ratio of 6.33, the price-to-book (PB) ratio of 2.32.

Financial Health

In the three months ended September 29, MeiraGTx Holdings plc’s quick ratio stood at 2.10, while its current ratio was 2.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.58, and the total debt-to-equity ratio was 0.58. Based on annual data, MGTX earned $110.89 million in gross profit and brought in $37.7 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -39.50%. Return on equity (ROE) for the past 12 months was -73.40%.

In MeiraGTx Holdings plc’s quarter-end financial report for September 29, it reported total debt of $70.85 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MGTX’s revenue fell -6.22% to $10.76 million during the quarter, while net income inched up to $4.82 million. While analysts expected MeiraGTx Holdings plc to report -$0.58 quarterly earnings, the actual figure was -$0.83 per share, beating the consensus estimate by -43.10%. During the quarter, the company generated -$20.57 million in EBITDA. The liabilities of MeiraGTx Holdings plc were 178.74 million at the end of its most recent quarter ended September 29, and its total debt was $91.96 million. The value of shareholders’ equity is $44.73 million.

Technical Picture

This quick technical analysis looks at MeiraGTx Holdings plc’s (MGTX) price momentum. With a historical volatility rate of 55.04%, the RSI 9-day stood at 44.26% on 23 November.

With respect to its five-day moving average, the current MeiraGTx Holdings plc price is up by +3.66% percent or $0.22. At present, MGTX shares trade -16.88% below its 20-day simple moving average and -18.48% percent below its 100-day simple moving average. However, the stock is currently trading approximately -30.71% below its SMA50 and -57.53% below its SMA200.

Stochastic coefficient K was 29.97% and Stochastic coefficient D was 25.00%, while ATR was 0.49. Given the Stochastic reading of 42.66% for the 14-day period, the RSI (14) reading has been calculated as 40.07%. As of today, the MACD Oscillator reading stands at 0.01, while the 14-day reading stands at -0.19.

Analyst Ratings

RBC Capital Mkts launched its rating on MeiraGTx Holdings plc (NASDAQ: MGTX) to an Outperform in a note to investors on October 23, 2020. MeiraGTx Holdings plc (MGTX) has been rated Buy by analysts. According to 0 brokerage firms, MGTX is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate MeiraGTx Holdings plc stock as buy, with 6 recommending it as overweight.

With a median target price of $27.00, the current consensus forecast for the stock is $18.00 – $47.00. Based on these forecasts, analysts predict MeiraGTx Holdings plc (MGTX) will achieve an average price target of $28.86.


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