As of Friday close, Mesoblast Limited’s (NASDAQ:MESO) stock was down -$2.35, moving down -58.90 percent to $1.64. The average number of shares traded per day over the past five days has been 1,987,400 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.51 fall in that time frame. In the last twenty days, the average volume was 770,705, while in the previous 50 days, it was 405,530.
Since last month, MESO stock retreated -58.85%. Shares of the company fell to $1.30 on 08/04/23, the lowest level in the past month. A 52-week high of $5.12 was reached on 07/17/23 after having rallying from a 52-week low of $2.53. Since the beginning of this year, MESO’s stock price has dropped by -43.64% or -$1.27, and marked a new high 21 times. However, the stock has declined by -67.97% since its 52-week high.
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Valuation Metrics
The stock’s beta is 3.23. Besides these, the trailing price-to-sales (P/S) ratio of 33.68, the price-to-book (PB) ratio of 0.50.
Financial Health
In the three months ended March 30, Mesoblast Limited’s quick ratio stood at 1.10, while its current ratio was 1.10, 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 March 30 was 0.22, and the total debt-to-equity ratio was 0.24. Based on annual data, MESO earned -$20.54 million in gross profit and brought in $10.21 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 -12.20%. Return on equity (ROE) for the past 12 months was -16.30%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MESO’s revenue rose 26.93% during the quarter, while net income inched up to $10.21 million. While analysts expected Mesoblast Limited to report -$0.17 quarterly earnings, the actual figure was -$0.13 per share, beating the consensus estimate by 23.50%. During the quarter, the company generated -$12.67 million in EBITDA. The liabilities of Mesoblast Limited were 168.27 million at the end of its most recent quarter ended March 30, and its total debt was $114.61 million.
Technical Picture
This quick technical analysis looks at Mesoblast Limited’s (MESO) price momentum. With a historical volatility rate of 428.80%, the RSI 9-day stood at 11.21% on 04 August.
With respect to its five-day moving average, the current Mesoblast Limited price is down by -60.48% percent or -$2.51. At present, MESO shares trade -58.06% below its 20-day simple moving average and -48.43% percent below its 100-day simple moving average. However, the stock is currently trading approximately -56.73% below its SMA50 and -47.27% below its SMA200.
Stochastic coefficient K was 16.21% and Stochastic coefficient D was 16.82%, while ATR was 0.54. Given the Stochastic reading of 8.90% for the 14-day period, the RSI (14) reading has been calculated as 18.06%. As of today, the MACD Oscillator reading stands at -0.70, while the 14-day reading stands at -1.01.
Analyst Ratings
Mesoblast Limited downgraded its rating on Mesoblast Limited (NASDAQ: MESO) to a Mkt perform in a note to investors on Aug-05-23. The analysts firm previously had an Outperform rating on the stock.Mesoblast Limited (MESO) has been rated Hold by analysts. According to 1 brokerage firm, MESO is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Mesoblast Limited stock as buy, with 2 recommending it as overweight.
With a median target price of $2.94, the current consensus forecast for the stock is $1.50 – $23.00. Based on these forecasts, analysts predict Mesoblast Limited (MESO) will achieve an average price target of $7.25.
