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NASDAQ:MGTX

MeiraGTx Stock Forecast, Price & News

$12.30
+0.22 (+1.82 %)
(As of 09/25/2020 12:00 AM ET)
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Compare
Today's Range
$12.01
Now: $12.30
$12.56
50-Day Range
$12.29
MA: $13.32
$14.32
52-Week Range
$8.82
Now: $12.30
$22.32
Volume46,165 shs
Average Volume115,765 shs
Market Capitalization$459.56 million
P/E RatioN/A
Dividend YieldN/A
Beta1.41
MeiraGTx Holdings plc, a clinical-stage gene therapy company, focusing on developing treatments for patients living with serious diseases. The company develops various therapies for ocular diseases, including rare inherited blindness, as well as Xerostomia following radiation treatment for head and neck cancers; neurodegenerative diseases, such as amyothrophic lateral sclerosis; and Parkinson's diseases. Its programs in clinical development include Phase 1/2 clinical stage programs in Achromatopsia, X-Linked Retinitis Pigmentosa, RPE65-deficiency, and radiation-induced Xerostomia, as well as Parkinson's program. The company also focuses on initiating a clinical program in xerostomia related to Sjogren's syndrome and have preclinical programs in neurodegenerative diseases. It has a research collaboration agreement with Janssen Pharmaceuticals, Inc. to develop regulatable gene therapy treatment using the company's proprietary riboswitch technology. The company was founded in 2015 and is headquartered in New York, New York.
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MeiraGTx logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.48 out of 5 stars


Industry, Sector and Symbol

Industry Biological products, except diagnostic
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:MGTX
CUSIPN/A
CIKN/A
Phone646-860-7985

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$13.29 million
Book Value$5.22 per share

Profitability

Net Income$-54,750,000.00
Net Margins-331.44%

Miscellaneous

Employees68
Market Cap$459.56 million
Next Earnings Date11/5/2020 (Estimated)
OptionableNot Optionable
$12.30
+0.22 (+1.82 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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MeiraGTx (NASDAQ:MGTX) Frequently Asked Questions

How has MeiraGTx's stock been impacted by COVID-19 (Coronavirus)?

MeiraGTx's stock was trading at $14.10 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MGTX stock has decreased by 12.8% and is now trading at $12.30.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of MeiraGTx?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MeiraGTx in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for MeiraGTx
.

When is MeiraGTx's next earnings date?

MeiraGTx is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for MeiraGTx
.

How were MeiraGTx's earnings last quarter?

MeiraGTx Holdings PLC (NASDAQ:MGTX) posted its quarterly earnings results on Thursday, August, 6th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.46) by $0.23. The firm had revenue of $2.47 million for the quarter. MeiraGTx had a negative net margin of 331.44% and a negative return on equity of 30.69%.
View MeiraGTx's earnings history
.

What price target have analysts set for MGTX?

5 Wall Street analysts have issued 1 year price objectives for MeiraGTx's stock. Their forecasts range from $20.00 to $45.00. On average, they anticipate MeiraGTx's stock price to reach $33.00 in the next twelve months. This suggests a possible upside of 168.3% from the stock's current price.
View analysts' price targets for MeiraGTx
.

Are investors shorting MeiraGTx?

MeiraGTx saw a decline in short interest during the month of August. As of August 31st, there was short interest totaling 426,600 shares, a decline of 15.0% from the August 15th total of 502,100 shares. Based on an average daily volume of 106,800 shares, the short-interest ratio is currently 4.0 days. Currently, 1.7% of the company's stock are sold short.
View MeiraGTx's Short Interest
.

Who are some of MeiraGTx's key competitors?

What other stocks do shareholders of MeiraGTx own?

Based on aggregate information from My MarketBeat watchlists, some companies that other MeiraGTx investors own include AbbVie (ABBV), Inovio Pharmaceuticals (INO), Kadmon (KDMN), Novavax (NVAX), Sorrento Therapeutics (SRNE), Aldeyra Therapeutics (ALDX), Pfizer (PFE), VBI Vaccines (VBIV), Viking Therapeutics (VKTX) and Corbus Pharmaceuticals (CRBP).

Who are MeiraGTx's key executives?

MeiraGTx's management team includes the following people:
  • Dr. Alexandria Forbes, CEO, Pres & Director (Age 54)
  • Mr. Richard Brian Giroux, Chief Operating Officer (Age 46)
  • Dr. Stuart Naylor Ph.D., Chief Devel. Officer & Director (Age 56)
  • Ms. Katherine Edna Breedis C.F.A., CFA, CMT, Chief Financial Officer
  • Mr. Micah Zajic, VP of Corp. Devel.

When did MeiraGTx IPO?

(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 served as the underwriters for the IPO and Chardan was co-manager.

What is MeiraGTx's stock symbol?

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

Who are MeiraGTx's major shareholders?

MeiraGTx's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Orbimed Advisors LLC (9.94%), Alyeska Investment Group L.P. (1.79%), Prosight Management LP (1.39%), Rhenman & Partners Asset Management AB (0.80%), Bank of New York Mellon Corp (0.42%) and Nuveen Asset Management LLC (0.22%). Company insiders that own MeiraGTx stock include Alexandria Forbes, Joel S Marcus, Life Sciences Maste Perceptive, Nicole Seligman, Richard Giroux, Stuart Naylor and Thomas E Shenk.
View institutional ownership trends for MeiraGTx
.

Which institutional investors are selling MeiraGTx stock?

MGTX stock was sold by a variety of institutional investors in the last quarter, including Prosight Management LP, Strs Ohio, AQR Capital Management LLC, Nuveen Asset Management LLC, Marshall Wace LLP, and Two Sigma Advisers LP. Company insiders that have sold MeiraGTx company stock in the last year include Alexandria Forbes, Joel S Marcus, Richard Giroux, Stuart Naylor, and Thomas E Shenk.
View insider buying and selling activity for MeiraGTx
.

Which institutional investors are buying MeiraGTx stock?

MGTX stock was bought by a variety of institutional investors in the last quarter, including Alyeska Investment Group L.P., Orbimed Advisors LLC, Bank of New York Mellon Corp, Rhenman & Partners Asset Management AB, Jacobs Levy Equity Management Inc., Goldman Sachs Group Inc., Virtus ETF Advisers LLC, and California Public Employees Retirement System. Company insiders that have bought MeiraGTx stock in the last two years include Life Sciences Maste Perceptive, and Nicole Seligman.
View insider buying and selling activity for MeiraGTx
.

How do I buy shares of MeiraGTx?

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.

What is MeiraGTx's stock price today?

One share of MGTX stock can currently be purchased for approximately $12.30.

How big of a company is MeiraGTx?

MeiraGTx has a market capitalization of $459.56 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.

What is MeiraGTx's official website?

The official website for MeiraGTx is www.meiragtx.com.

How can I contact MeiraGTx?

MeiraGTx's mailing address is 450 East 29thStreet 14thFloor, NEW YORK NY, 10016. The company can be reached via phone at 646-860-7985 or via email at [email protected]

This page was last updated on 9/25/2020 by MarketBeat.com Staff

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