MeiraGTx Holdings plc (NASDAQ:MGTX) shares, rose in value on Friday, May 09, with the stock price down by -0.91% to the previous day’s close as strong demand from buyers drove the stock to $5.42.
Actively observing the price movement in the last trading, the stock closed the session at $5.47. Referring to stock’s 52-week performance, its high was $8.75, and the low was $3.85. On the whole, MGTX has fluctuated by 0.93% over the past month.
With the market capitalization of MeiraGTx Holdings plc currently standing at about $427.40 million, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MGTX’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of MGTX currently trading nearly -11.47% and -16.64% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.50, while the 7-day volatility ratio is showing 12.65% which for the 30-day chart, stands at 7.79%. Furthermore, MeiraGTx Holdings plc (MGTX)’s beta value is 1.29, and its average true range (ATR) is 0.52.
A comparison of MeiraGTx Holdings plc (MGTX) with its peers suggests the former has fared considerably weaker in the market. MGTX showed an intraday change of -0.91% in last session, and over the past year, it grew by 0.74%%.
Data on historical trading for MeiraGTx Holdings plc (NASDAQ:MGTX) indicates that the trading volumes over the past 3 months, they’ve averaged 631.00K. According to company’s latest data on outstanding shares, there are 78.40 million shares outstanding.
Nearly 32.68% of MeiraGTx Holdings plc’s shares belong to company insiders and institutional investors own 50.26% of the company’s shares. The stock has fallen by -11.00% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MGTX stock heading into the next quarter.
