The key reasons why Mereo BioPharma Group plc (MREO) is -32.29% away from 52-week high?
As on June 09, 2021, Mereo BioPharma Group plc (NASDAQ: MREO) started slowly as it slid -1.85% to $3.19. During the day, the stock rose to $3.3494 and sunk to $3.16 before settling in for the price of $3.25 at the close. Taking a more long-term approach, MREO posted a 52-week range of $1.90-$4.71.
This publicly-traded company’s shares outstanding now amounts to $108.25 million, simultaneously with a float of $59.64 million. The organization now has a market capitalization sitting at $345.32 million. At the time of writing, stock’s 50-day Moving Average stood at $3.40, while the 200-day Moving Average is $3.08.
Mereo BioPharma Group plc (MREO) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Biotechnology industry. Mereo BioPharma Group plc’s current insider ownership accounts for 0.24%, in contrast to 84.50% institutional ownership.
Mereo BioPharma Group plc (MREO) Earnings and Revenue Records
This company achieved a return on equity of -1,276.93. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
Mereo BioPharma Group plc (NASDAQ: MREO) Trading Performance Indicators
Let’s observe the current performance indicators for Mereo BioPharma Group plc (MREO). It’s Quick Ratio in the last reported quarter now stands at 3.00. The Stock has managed to achieve an average true range (ATR) of 0.23.
In the same vein, MREO’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -7.89, a figure that is expected to reach -0.03 in the next quarter, and analysts are predicting that it will be -0.15 at the market close of one year from today.
Technical Analysis of Mereo BioPharma Group plc (MREO)
Through scrutinizing the latest numbers posted by the [Mereo BioPharma Group plc, MREO], it can be observed that its last 5-days Average volume of 1.17 million was lower the volume of 1.91 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 29.47% While, its Average True Range was 0.22.
Raw Stochastic average of Mereo BioPharma Group plc (MREO) in the period of the previous 100 days is set at 27.95%, which indicates a major rise in contrast to 20.00% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 48.11% that was lower than 76.64% volatility it exhibited in the past 100-days period.