The trading price of Mesoblast Ltd ADR (NASDAQ:MESO) closed higher on Thursday, March 29, closing at $5.01, 43.55% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $10.24 and a 52-week low of $1.61. Over the past month, the stock has gained 139.71% in value.
Mesoblast Ltd ADR, whose market valuation is $571.14 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.32 per share this quarter, however they have predicted annual earnings per share of -$0.72 for 2024 and -$0.78 for 2025. It means analysts are expecting annual earnings per share growth of 35.10% this year and -8.30% next year.
From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $7.3 million. The company’s revenue is forecast to drop by -2.70% over what it did in 2024.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Mesoblast Ltd ADR No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest MESO has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that MESO’s price is currently 108.09% off the SMA20 and 139.23% off the SMA50. The RSI metric on the 14-day chart is currently showing 81.13, and weekly volatility stands at 25.79%. When measured over the past 30 days, the indicator reaches 11.93%. Mesoblast Ltd ADR (NASDAQ:MESO)’s beta value is currently sitting at 3.51, while the Average True Range indicator is currently displaying 0.45.
To see how Mesoblast Ltd ADR stock has been performing in comparison to its peers in the industry, here are the numbers: MESO stock’s performance was 43.55% in the latest trading, and -20.48% in the past year.
An evaluation of the daily trading volume of Mesoblast Ltd ADR (NASDAQ:MESO) indicates that the 3-month average is 1.59 million. However, this figure has increased over the past 10 days to an average of 9.91 million.
Currently, records show that 85.82 million of the company’s shares remain outstanding. The institutions hold 0.64%. The stats also highlight that short interest as of Mar 15, 2024, stood at 0.51 million shares, resulting in a short ratio of 0.91 at that time. From this, we can conclude that short interest is 0.79% of the company’s total outstanding shares. It is noteworthy that short shares in March were down slightly from the previous month’s figure, which was 0.54 million. However, since the stock’s price has seen 127.73% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
