While Mereo Biopharma Group Plc ADR has overperformed by 3.00%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MREO rose by 246.51%, with highs and lows ranging from $5.02 to $1.22, whereas the simple moving average jumped by 23.71% in the last 200 days.
On June 13, 2024, Robert W. Baird started tracking Mereo Biopharma Group Plc ADR (NASDAQ: MREO) recommending Outperform. Cantor Fitzgerald also rated MREO shares as ‘Overweight’, setting a target price of $4 on the company’s shares in an initiating report dated August 12, 2022. BTIG Research Initiated an Buy rating on May 05, 2021, and assigned a price target of $10. Needham initiated its ‘Buy’ rating for MREO, as published in its report on April 05, 2021.
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Analysis of Mereo Biopharma Group Plc ADR (MREO)
Mereo Biopharma Group Plc ADR’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. Taking into account the quick ratio of the company, currently set at 6.07, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and MREO has an average volume of 879.95K. On a monthly basis, the volatility of the stock is set at 5.40%, whereas on a weekly basis, it is put at 4.76%, with a gain of 5.18% over the past seven days. Furthermore, long-term investors anticipate a median target price of $7.20, showing growth from the present price of $4.47, which can serve as yet another indication of whether MREO is worth investing in or should be passed over.
How Do You Analyze Mereo Biopharma Group Plc ADR Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 7.81%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 57.63% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
MREO shares are owned by institutional investors to the tune of 57.63% at present.
