NASDAQ:MGTX - MeiraGTx Stock Price, Forecast & News

MeiraGTx's stock was trading at $14.10 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MGTX stock has decreased by 12.1% and is now trading at $12.40. View which stocks have been mosted impacted by Coronavirus.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MeiraGTx in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for MeiraGTx.

MeiraGTx is scheduled to release its next quarterly earnings announcement on Tuesday, May 12th 2020. View our earnings forecast for MeiraGTx.

MeiraGTx Holdings PLC (NASDAQ:MGTX) posted its quarterly earnings results on Wednesday, March, 11th. The company reported ($0.12) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.52) by $0.40. The business earned $6.94 million during the quarter, compared to analysts' expectations of $0.70 million. MeiraGTx had a negative net margin of 411.84% and a negative return on equity of 33.20%. View MeiraGTx's earnings history.

3 equities research analysts have issued 1-year target prices for MeiraGTx's shares. Their forecasts range from $30.00 to $45.00. On average, they expect MeiraGTx's share price to reach $38.33 in the next year. This suggests a possible upside of 209.1% from the stock's current price. View analysts' price targets for MeiraGTx.

News stories about MGTX stock have been trending negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. MeiraGTx earned a daily sentiment score of -2.3 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutMeiraGTx.

MeiraGTx saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 773,100 shares, an increase of 7.6% from the February 27th total of 718,800 shares. Based on an average daily volume of 110,500 shares, the short-interest ratio is currently 7.0 days. Approximately 6.0% of the shares of the company are short sold. View MeiraGTx's Current Options Chain.

Some companies that are related to MeiraGTx include Denali Therapeutics (DNLI), Alector (ALEC), Fate Therapeutics (FATE), Cortexyme (CRTX), Bill.com (RVMD), Regenxbio (RGNX), SpringWorks Therapeutics (SWTX), Coherus Biosciences (CHRS), Editas Medicine (EDIT), Twist Bioscience (TWST), I-Mab (BDTX), Beam Therapeutics (BEAM), NanoString Technologies (NSTG), Adverum Biotechnologies (ADVM) and Krystal Biotech (KRYS).

Based on aggregate information from My MarketBeat watchlists, some companies that other MeiraGTx investors own include AbbVie (ABBV), Crispr Therapeutics (CRSP), Inovio Pharmaceuticals (INO), Kadmon (KDMN), InVitae (NVTA), Amarin (AMRN), Corbus Pharmaceuticals (CRBP), Portola Pharmaceuticals (PTLA), Viking Therapeutics (VKTX) and Advanced Micro Devices (AMD).

(MGTX) raised $75 million in an initial public offering on Friday, June 8th 2018. The company issued 5,000,000 shares at a price of $14.00-$16.00 per share. BofA Merrill Lynch, Barclays and Evercore ISI acted as the underwriters for the IPO and Chardan was co-manager.

MeiraGTx trades on the NASDAQ under the ticker symbol "MGTX."

Shares of MGTX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MGTX stock can currently be purchased for approximately $12.40.

MeiraGTx has a market capitalization of $456.54 million and generates $13.29 million in revenue each year. The company earns $-54,750,000.00 in net income (profit) each year or ($1.65) on an earnings per share basis. MeiraGTx employs 68 workers across the globe. View additional information about MeiraGTx.

The official website for MeiraGTx is http://www.meiragtx.com/.

MeiraGTx's mailing address is 450 East 29thStreet 15thFloor, NEW YORK NY, 10016. The company can be reached via phone at 646-860-7985 or via email at [email protected]