A new trading day began on June 22, 2022, with MEI Pharma Inc. (NASDAQ: MEIP) stock priced at $0.575, up 2.86% from the previous day of trading. During the day, the shares moved up to $0.6091 and dropped to $0.5371 before settling in for the closing price of $0.57. MEIP’s price has ranged from $0.41 to $3.55 over the past 52 weeks.
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Meanwhile, its annual earnings per share averaged 27.30%. With a float of $132.49 million, this company’s outstanding shares have now reached $133.06 million.
The firm has a total of 76 workers. Let’s measure their productivity. In terms of profitability, gross margin is +94.49, operating margin of -272.90, and the pretax margin is -198.03.
MEI Pharma Inc. (MEIP) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Biotechnology Industry. The insider ownership of MEI Pharma Inc. is 0.50%, while institutional ownership is 44.40%.
MEI Pharma Inc. (MEIP) Earnings and Forecasts
In its latest quarterly report, released on 12/30/2021, the company reported earnings of -$0.05 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of -198.06 while generating a return on equity of -84.59. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.17 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 27.30% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -0.10% during the next five years compared to 9.50% growth over the previous five years of trading.
MEI Pharma Inc. (NASDAQ: MEIP) Trading Performance Indicators
Here are MEI Pharma Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 7.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.48.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.28, a number that is poised to hit -0.19 in the next quarter and is forecasted to reach -0.71 in one year’s time.
Technical Analysis of MEI Pharma Inc. (MEIP)
Analysing the last 5-days average volume posted by the [MEI Pharma Inc., MEIP], we can find that recorded value of 4.38 million was lower than the volume posted last year of 4.47 million. As of the previous 9 days, the stock’s Stochastic %D was 52.86%. Additionally, its Average True Range was 0.06.
During the past 100 days, MEI Pharma Inc.’s (MEIP) raw stochastic average was set at 10.02%, which indicates a significant decrease from 60.54% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 114.13% in the past 14 days, which was lower than the 197.97% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.5301, while its 200-day Moving Average is $1.9045. Now, the first resistance to watch is $0.6172. This is followed by the second major resistance level at $0.6492. The third major resistance level sits at $0.6892. If the price goes on to break the first support level at $0.5452, it is likely to go to the next support level at $0.5052. Should the price break the second support level, the third support level stands at $0.4732.
MEI Pharma Inc. (NASDAQ: MEIP) Key Stats
With a market capitalization of 72.14 million, the company has a total of 132,986K Shares Outstanding. Currently, annual sales are 25,540 K while annual income is -50,580 K. The company’s previous quarter sales were 9,690 K while its latest quarter income was -8,730 K.