MEI Pharma - MEIP Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MEI Pharma in the last year. There are currently 1 sell rating, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" MEIP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MEIP, but not buy additional shares or sell existing shares.
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6 brokers have issued 12 month price targets for MEI Pharma's stock. Their MEIP share price forecasts range from $1.00 to $5.00. On average, they expect the company's stock price to reach $2.86 in the next year. This suggests a possible upside of 728.2% from the stock's current price.
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MEI Pharma's stock was trading at $0.2436 at the beginning of 2023. Since then, MEIP stock has increased by 41.6% and is now trading at $0.3450.
View the best growth stocks for 2023 here.

MEI Pharma saw a increase in short interest in January. As of January 15th, there was short interest totaling 4,560,000 shares, an increase of 19.4% from the December 31st total of 3,820,000 shares. Based on an average daily trading volume, of 1,270,000 shares, the days-to-cover ratio is currently 3.6 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
View our MEIP earnings forecast.

MEI Pharma, Inc. (NASDAQ:MEIP) announced its earnings results on Monday, November, 14th. The company reported ($0.13) earnings per share for the quarter, meeting the consensus estimate of ($0.13). The firm had revenue of $8.73 million for the quarter, compared to analyst estimates of $9.75 million. MEI Pharma had a negative net margin of 98.17% and a negative trailing twelve-month return on equity of 115.15%.

Based on aggregate information from My MarketBeat watchlists, some companies that other MEI Pharma investors own include Inovio Pharmaceuticals (INO), Rigel Pharmaceuticals (RIGL), Gilead Sciences (GILD), Novavax (NVAX), Dynavax Technologies (DVAX), SCYNEXIS (SCYX), OPKO Health (OPK), VBI Vaccines (VBIV), Sorrento Therapeutics (SRNE) and TherapeuticsMD (TXMD).

MEI Pharma trades on the NASDAQ under the ticker symbol "MEIP."

MEI Pharma's stock is owned by a number of institutional and retail investors. Top institutional investors include UBS Group AG (0.10%) and Concourse Financial Group Securities Inc. (0.00%).
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Shares of MEIP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MEIP stock can currently be purchased for approximately $0.35.

MEI Pharma (NASDAQ:MEIP) has a market capitalization of $45.97 million and generates $40.70 million in revenue each year. The company earns $-54,450,000.00 in net income (profit) each year or ($0.40) on an earnings per share basis.

MEI Pharma's mailing address is 11455 EL CAMINO REAL SUITE 250, SAN DIEGO CA, 92130. The official website for the company is www.meipharma.com. The company can be reached via phone at (858) 369-7100, via email at investor@meipharma.com, or via fax at 302-655-5049.