MeiraGTx Holdings plc (NASDAQ: MGTX) is 4.27% higher on its value in year-to-date trading and has touched a low of $3.85 and a high of $7.37 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 MGTX stock was last observed hovering at around $6.34 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $6.35, the stock is 2.98% and 1.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.4 million and changing 0.16% at the moment leaves the stock 23.75% off its SMA200. MGTX registered -4.22% loss for a year compared to 6-month gain of 53.38%. The firm has a 50-day simple moving average (SMA 50) of $6.2312 and a 200-day simple moving average (SMA200) of $5.1313.
The stock witnessed a 3.42% loss in the last 1 month and extending the period to 3 months gives it a 53.01%, and is 4.27% 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 6.09% over the week and 6.14% over the month.
MeiraGTx Holdings plc (MGTX) has around 425 employees, a market worth around $496.27M and $13.93M in sales. Fwd P/E is 9.23. Profit margin for the company is -633.05%. Distance from 52-week low is 64.94% and -13.84% from its 52-week high. The company has generated returns on investments over the last 12 months (-49.46%).
The EPS is expected to shrink by -28.86% this year
143.0 institutions hold shares in MeiraGTx Holdings plc (MGTX), with institutional investors hold 72.77% of the company’s shares. The shares outstanding are 77.70M, and float is at 52.79M with Short Float at 3.13%. Institutions hold 55.13% of the Float.
The top institutional shareholder in the company is PERCEPTIVE ADVISORS LLC with over 11.33 million shares valued at $47.67 million. The investor’s holdings represent 17.6866 of the MGTX Shares outstanding. As of 2024-06-30, the second largest holder is JOHNSON & JOHNSON with 6.64 million shares valued at $27.96 million to account for 10.366 of the shares outstanding. The other top investors are ADAGE CAPITAL PARTNERS GP, L.L.C. which holds 5.23 million shares representing 8.1621 and valued at over $22.01 million, while PROSIGHT MANAGEMENT, LP holds 6.7941 of the shares totaling 4.35 million with a market value of $18.32 million.
MeiraGTx Holdings plc (MGTX) Insider Activity
MeiraGTx Holdings plc disclosed in a document filed with the SEC on Aug 12 ’24 that PERCEPTIVE ADVISORS LLC (Director) bought a total of 1,250,000 shares of the company’s common stock. The trade occurred on Aug 12 ’24 and was made at $4.00 per share for $5.0 million. Following the transaction, the insider now directly holds 12.53 million shares of the MGTX stock.
