Stocks of MeiraGTx Holdings plc (NASDAQ:MGTX) traded higher last session on Wall Street, up 1.69% to $5.41.
MGTX stock price is now -18.64% away from the 50-day moving average and -3.67% away from the 200-day moving average. The market capitalization of the company currently stands at $426.61M.
On October 23, 2020, RBC Capital Mkts recently initiated its ‘Outperform’ rating on the stock quoting a target price of $27, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, Forbes Alexandria, PRESIDENT & CEO sold 47,500 shares of the company’s stock on Apr 08 ’25. The stock was sold for $253,650 at an average price of $5.34. Upon completion of the transaction, the PRESIDENT & CEO now directly owns 1,408,983 shares in the company, valued at $7.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 08 ’25, President / CEO Forbes Alexandria bought 47,500 shares of the business’s stock. A total of $251,265 was incurred on buying the stock at an average price of $5.29. A total of 32.71% of the company’s stock is owned by insiders.
During the past 12 months, MeiraGTx Holdings plc has had a low of $3.85 and a high of $8.75. As of last week, the company has a debt-to-equity ratio of 1.25, a current ratio of 2.03, and a quick ratio of 2.03. The fifty day moving average price for MGTX is $6.6496 and a two-hundred day moving average price translates $5.616075 for the stock.
The latest earnings results from MeiraGTx Holdings plc (NASDAQ: MGTX) was released for 2024-12-31. The net profit margin was -444.10% and return on equity was -143.48% for MGTX. The company reported revenue of $21.39 million for the quarter, compared to $2.04 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 948.53 percent.
