Mesoblast Ltd ADR (NASDAQ:MESO) traded at $6.29 at close of the session on Monday, April 08, made an upward move of 8.45% on its previous day’s price.
Looking at the stock we see that its previous close was $5.80 and the beta (5Y monthly) reads 2.48 . In terms of its 52-week price range, MESO has a high of $10.24 and a low of $1.61. The company’s stock has gained about 185.91% over that past 30 days.
Mesoblast Ltd ADR has a market cap of $717.06 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.32, with the EPS growth for the year raised at -$0.72 for 2024 and -$0.78 for next year. These figures represent 35.10% and -8.30% growth in EPS for the two years respectively.
According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $7.3 million, or -2.70% down from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the MESO stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Looking further, we note the current price level is 76.14% off its SMA20 and 142.61% from its 50-day simple moving average. The RSI (14) is pointing at 76.28 while the volatility over the past week is 11.83% and jumps to 14.53% over the past one month. The beta value is 3.58, while the average true range (ATR) is currently pointing at 0.64.
Coming back to Mesoblast Ltd ADR (NASDAQ:MESO), we note that the average 3-month trading volume was 2.20 million, while that of the preceding 10-day period stands at 11.49 million. Current shares outstanding are 85.82 million.
The institutions hold 0.64%. The data shows that short shares as of Mar 15, 2024, stood at 0.51 million at a short ratio of 0.91. This represents a 0.79% short interest in shares outstanding on Mar 15, 2024. Shares short fall in March from the previous month at 0.54 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 185.91% up in year-to-date price movement.
