MeiraGTx Holdings plc (NASDAQ: MGTX) is 10.02% 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 $6.60 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $6.70, the stock is 4.41% and 7.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.2 million and changing 1.52% at the moment leaves the stock 27.88% off its SMA200. MGTX registered 10.56% gain for a year compared to 6-month gain of 67.50%. The firm has a 50-day simple moving average (SMA 50) of $6.2473 and a 200-day simple moving average (SMA200) of $5.239125.
The stock witnessed a 17.34% loss in the last 1 month and extending the period to 3 months gives it a 0.60%, and is -1.62% down 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 4.88% over the week and 5.81% over the month.
MeiraGTx Holdings plc (MGTX) has around 425 employees, a market worth around $523.60M and $13.93M in sales. Fwd P/E is 9.74. Profit margin for the company is -633.05%. Distance from 52-week low is 74.03% and -9.09% from its 52-week high. The company has generated returns on investments over the last 12 months (-49.46%).
with sales reaching $1.5M over the same period.The EPS is expected to shrink by -28.86% this year, but quarterly earnings will post -4.44% year-over-year. Quarterly sales are estimated to shrink -26.47% in year-over-year returns.
MeiraGTx Holdings plc (MGTX) Top Institutional Holders
147.0 institutions hold shares in MeiraGTx Holdings plc (MGTX), with institutional investors hold 98.82% of the company’s shares. The shares outstanding are 77.70M, and float is at 52.69M with Short Float at 3.94%. Institutions hold 59.80% 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
The most recent transaction is an insider sale by Giroux Richard,the company’sCFO & COO. SEC filings show that Giroux Richard sold 24,000 shares of the company’s common stock on Jan 21 ’25 at a price of $6.29 per share for a total of $0.15 million. Following the sale, the insider now owns 0.85 million shares.
Still, SEC filings show that on Jan 07 ’25, Forbes Alexandria (PRESIDENT & CEO) disposed off 35,839 shares at an average price of $6.47 for $0.23 million. The insider now directly holds 1,395,102 shares of MeiraGTx Holdings plc (MGTX).
