Mesoblast Limited (NASDAQ:MESO) finished Wednesday with a subtraction of -$0.14 to close at $1.23, a downside of -10.22 percent. An average of 2,504,660 shares of common stock have been traded in the last five days. There was a fall of -$2.7700 in the past week, and it reached a new high 15 times over the past 12 months. The last 20 days have seen an average of 949,250 shares traded, while the 50-day average volume stands at 482,644.
MESO stock has decreased by -68.54% in the last month. The company shares reached their 1-month lowest point of $1.1900 on 08/09/23. With the stock rallying to its 52-week high on 07/17/23, shares of the company touched a low of $1.30 and a high of $5.12 in 52 weeks. It has reached a new high 21 times so far this year and lost -57.73% or -$1.6800 in price. In spite of this, the price is down -75.98% from the 52-week high.
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Valuation Metrics
Mesoblast Limited (MESO) stock’s beta is 3.34. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 55.79, the price-to-book (PB) ratio at 0.38.
Financial Health
The quick ratio of Mesoblast Limited for the three months ended March 30 was 1.10, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.22 and a total debt to equity ratio of 0.24 for the quarter ending March 30. Mesoblast Limited’s EBITDA margin for the year ending March 30 is -746.17%. Its gross profit as reported stood at -$20.54 million compared to revenue of $10.21 million.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$91.35 million in the quarter, while revenues were shrunk -8.17%. The analyst consensus anticipated Mesoblast Limited’s latest quarter earnings to come in at -$0.17 per share, but it turned out to be -$0.13, a 23.50% surprise. For the quarter, EBITDA amounted to -$12.67 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Mesoblast Limited (MESO) price momentum. RSI 9-day as of the close on 09 August was 9.72%, suggesting the stock is oversold, with historical volatility in this time frame at 421.65%.
As of today, MESO’s price is $1.9280 -69.25% or -$2.7700 from its 5-day moving average. MESO is currently trading -67.97% lower than its 20-day SMA and -67.20% lower than its 100-day SMA. However, the stock’s current price level is -64.76% below the SMA50 and -61.92% below the SMA200.
The stochastic %K and %D were 1.95% and 5.68%, respectively, and the average true range (ATR) was 0.4397. With the 14-day stochastic at 1.06% and the average true range at 0.3881, the RSI (14) stands at 16.15%. The stock has reached -1.5456 on the 9-day MACD Oscillator while the 14-day reading was at -2.1376.
Analyst Ratings
Maxim Group downgraded Mesoblast Limited (NASDAQ: MESO) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Mesoblast Limited (MESO) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell MESO, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is MESO’s price target for the next 12 months?
Analysts predict a range of price targets between $1.50 and $23.00, with a median target of $2.47. Taking a look at these predictions, the average price target given by analysts for Mesoblast Limited (MESO) stock is $6.90.
