MeiraGTx Holdings plc (NASDAQ: MGTX) kicked off on Friday, up 6.88% from the previous trading day, before settling in for the closing price of $6.83. Over the past 52 weeks, MGTX has traded in a range of $3.85-$7.37.
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Annual sales at Healthcare sector company grew by 22.40% over the past five years. While this was happening, its average annual earnings per share was recorded -28.86%. With a float of $52.69 million, this company’s outstanding shares have now reached $77.70 million.
Let’s look at the performance matrix of the company that is accounted for 425 employees. In terms of profitability, gross margin is -60.77%, operating margin of -1266.97%, and the pretax margin is -633.05%.
MeiraGTx Holdings plc (MGTX) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Biotechnology Industry. The insider ownership of MeiraGTx Holdings plc is 32.58%, while institutional ownership is 50.64%. The most recent insider transaction that took place on Jan 21 ’25, was worth 150,960. In this transaction CFO & COO of this company sold 24,000 shares at a rate of $6.29, taking the stock ownership to the 849,947 shares. Before that another transaction happened on Jan 21 ’25, when Company’s Officer proposed sale 24,000 for $6.41, making the entire transaction worth $153,840.
MeiraGTx Holdings plc (MGTX) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -28.86% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.57% during the next five years compared to 19.75% growth over the previous five years of trading.
MeiraGTx Holdings plc (NASDAQ: MGTX) Trading Performance Indicators
Take a look at MeiraGTx Holdings plc’s (MGTX) current performance indicators. Last quarter, stock had a quick ratio of 2.34. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 40.96.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.31, a number that is poised to hit -0.53 in the next quarter and is forecasted to reach 0.69 in one year’s time.
Technical Analysis of MeiraGTx Holdings plc (MGTX)
MeiraGTx Holdings plc (NASDAQ: MGTX) saw its 5-day average volume 0.38 million, a positive change from its year-to-date volume of 0.3 million. As of the previous 9 days, the stock’s Stochastic %D was 68.69%. Additionally, its Average True Range was 0.39.
During the past 100 days, MeiraGTx Holdings plc’s (MGTX) raw stochastic average was set at 87.01%, which indicates a significant increase from 71.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 51.51% in the past 14 days, which was lower than the 59.65% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.31, while its 200-day Moving Average is $5.28. Nevertheless, the first resistance level for the watch stands at $7.77 in the near term. At $8.25, the stock is likely to face the second major resistance level. The third major resistance level sits at $8.70. If the price goes on to break the first support level at $6.85, it is likely to go to the next support level at $6.40. The third support level lies at $5.92 if the price breaches the second support level.
MeiraGTx Holdings plc (NASDAQ: MGTX) Key Stats
The company with the Market Capitalisation of 570.52 million has total of 78,153K Shares Outstanding. Its annual sales at the moment are 14,020 K in contrast with the sum of -84,030 K annual income. Company’s last quarter sales were recorded 10,910 K and last quarter income was -39,330 K.
