Currently, there are 77.70M common shares owned by the public and among those 52.74M shares have been available to trade.
The company’s stock has a 5-day price change of 0.97% and 5.74% over the past three months. MGTX shares are trading 2.79% year to date (YTD), with the 12-month market performance up to 1.62% higher. It has a 12-month low price of $3.85 and touched a high of $7.37 over the same period. MGTX has an average intraday trading volume of 304.63K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.72%, 0.03%, and 22.05% respectively.
Institutional ownership of MeiraGTx Holdings plc (NASDAQ: MGTX) shares accounts for 49.84% of the company’s 77.70M shares outstanding.
It has a market capitalization of $489.24M and a beta (3y monthly) value of 1.26. The earnings-per-share (ttm) stands at -$1.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.55% over the week and 6.79% over the month.
Earnings per share for the fiscal year are expected to decrease by -28.86%, and 135.83% over the next financial year.
Looking at the support for the MGTX, a number of firms have released research notes about the stock. Chardan Capital Markets stated their Buy rating for the stock in a research note on July 31, 2024, with the firm’s price target at $36. RBC Capital Mkts coverage for the MeiraGTx Holdings plc (MGTX) stock in a research note released on October 23, 2020 offered a Outperform rating with a price target of $27. BofA Securities was of a view on September 15, 2020 that the stock is Buy, while Piper Jaffray gave the stock Overweight rating on September 03, 2019, issuing a price target of $40. Chardan Capital Markets on their part issued Buy rating on February 27, 2019.
