Mereo Biopharma Group Plc ADR (NASDAQ: MREO) is 36.36% higher on its value in year-to-date trading and has touched a low of $0.92 and a high of $4.36 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MREO stock was last observed hovering at around $3.05 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $3.15, the stock is 9.38% and -1.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.96 million and changing 3.28% at the moment leaves the stock 35.96% off its SMA200. MREO registered 156.10% gain for a year compared to 6-month gain of 65.79%.
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The stock witnessed a -6.80% loss in the last 1 month and extending the period to 3 months gives it a -16.89%, and is 13.31% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.23% over the week and 6.08% over the month.
Mereo Biopharma Group Plc ADR (MREO) has around 33 employees, a market worth around $441.19M and $8.79M in sales. Profit margin for the company is -355.64%. Distance from 52-week low is 242.35% and -27.75% from its 52-week high. The company has generated returns on investments over the last 12 months (-39.42%).
The EPS is expected to grow by 68.75% this year
The shares outstanding are 140.06M, and float is at 140.06M with Short Float at 1.98%.
