Currently, MeiraGTx Holdings plc’s (MGTX) stock is trading at $7.83, marking a gain of 22.15% from last night’s close. At this price, the stock is 0.42% below its 52-week high of $7.80 and 103.38% above its 52-week low of $3.85. Based on the past 30-day period, the stock price is -9.67% below the high and +32.76% above the low.
The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, MGTX’s SMA-200 is $5.38.
As well, it is important to consider MGTX stock ratios such as price-to-sales, which is currently 43.93.MGTX’s price to book ratio for the most recent quarter was 6.35, resulting in an 4.98 price to cash per share for the period.
How does MeiraGTx Holdings plc (MGTX) stock rate among analysts? Buy, sell, or hold?
The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 4 brokerage firms that recommend the stock as a Strong Buy. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 4.75 in simple terms.
MeiraGTx Holdings plc (NASDAQ: MGTX) Ownership Details
I will give a breakdown of the key shareholders in MeiraGTx Holdings plc (MGTX). Recent figures show that the company’s insiders hold 39.60% of shares. A total of 144 institutional investors hold shares in the company, making 59.43% of its stock and 98.39% of its float.
Dec 31, 2024, it was reported that the Company’s largest institutional holder is Perceptive Advisors Llc holding total of 12.58 shares that make 16.10% of the company’s total number of shares and are currently priced at 99.77 million.
The securities firm Sanofi holds 12.2 shares of MGTX, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 15.61%, and the holding percentage of shares is valued at 96.73 million.
An overview of MeiraGTx Holdings plc’s technicals
In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests MeiraGTx Holdings plc (MGTX) traded 446,284 shares per day, with a moving average of $6.78 and price change of +1.22. With the moving average of $6.48 and a price change of +1.45, about 349,812 shares changed hands on average over the past 50 days. Finally, MGTX’s 100-day average volume is 327,403 shares, alongside a moving average of $6.34 and a price change of +1.74.
