NASDAQ:MGTXMeiraGTx Stock Price, Forecast & News

$14.40

-0.44 (-2.96 %)

(As of 06/2/2020 04:00 PM ET)

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Today's Range

$14.32

Now: $14.40▼

$15.19

50-Day Range

$12.89

MA: $14.26▼

$15.97

52-Week Range

$8.82

Now: $14.40▼

$30.23

Volume140,800 shs

Average Volume94,469 shs

Market Capitalization$537.98 million

P/E RatioN/A

Dividend YieldN/A

Beta1.55

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.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
MeiraGTx has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $42.50, MeiraGTx has a potential upside of 195.1% from its current price of $14.40.
Amount of Analyst Coverage
MeiraGTx has only been the subject of 1 research reports in the past 90 days.

2.9 Community Rank

Outperform Votes
MeiraGTx has received 168 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
MeiraGTx has received 117 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
MeiraGTx has received 58.95% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about MeiraGTx and other stocks. Vote “Outperform” if you believe MGTX will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MGTX will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
MeiraGTx does not currently pay a dividend.
Dividend Growth
MeiraGTx does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MeiraGTx insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $472,343.00 in company stock.
Percentage Held by Insiders
Only 17.40% of the stock of MeiraGTx is held by insiders.
Percentage Held by Institutions
52.53% of the stock of MeiraGTx is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0 Earnings and Valuation

Earnings Growth
Earnings for MeiraGTx are expected to decrease in the coming year, from ($2.27) to ($3.35) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of MeiraGTx is -9.73, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of MeiraGTx is -9.73, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
MeiraGTx has a P/B Ratio of 2.76. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.48 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Biological products, except diagnostic

Sub-IndustryN/A

SectorMedical

Current SymbolNASDAQ:MGTX

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.meiragtx.com

Phone646-860-7985

Debt

Debt-to-Equity Ratio0.10

Current Ratio5.83

Quick Ratio5.83

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$13.29 million

Price / Sales40.48

Cash FlowN/A

Price / Cash FlowN/A

Book Value$5.22 per share

Price / Book2.76

Profitability

EPS (Most Recent Fiscal Year)($1.65)

Net Income$-54,750,000.00

Net Margins-313.70%

Return on Equity-29.96%

Return on Assets-17.49%

Miscellaneous

Employees68

Outstanding Shares37,360,000

Market Cap$537.98 million

Next Earnings Date8/5/2020 (Estimated)

OptionableNot Optionable

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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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MGTX shares have increased by 2.1% and is now trading at $14.40. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of MeiraGTx?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MeiraGTx in the last year. There are currently 2 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 Wednesday, August 5th 2020. View our earnings forecast for MeiraGTx.

How were MeiraGTx's earnings last quarter?

MeiraGTx Holdings PLC (NASDAQ:MGTX) posted its quarterly earnings data on Thursday, May, 7th. The company reported ($0.43) earnings per share for the quarter, topping the consensus estimate of ($0.48) by $0.05. The business earned $4.21 million during the quarter. MeiraGTx had a negative return on equity of 29.96% and a negative net margin of 313.70%. View MeiraGTx's earnings history.

What price target have analysts set for MGTX?

2 equities research analysts have issued twelve-month price targets for MeiraGTx's shares. Their forecasts range from $40.00 to $45.00. On average, they anticipate MeiraGTx's stock price to reach $42.50 in the next year. This suggests a possible upside of 195.1% from the stock's current price. View analysts' price targets for MeiraGTx.

What are Wall Street analysts saying about MeiraGTx stock?

Here are some recent quotes from research analysts about MeiraGTx stock:

1. According to Zacks Investment Research, "MeiraGTx Holdings plc focuses on operating as a holding company for MeiraGTx Limited which operates as a clinical stage gene therapy company. It develops novel gene therapy treatments for inherited and acquired disorders. The company's product pipeline consists of AAV-CNGB3, AAV-CNGA3, AAV-RPE65, AAV-RPGR, AAV-AQP1, AAV-AQP1 and AAV-UPF1 which are in clinical stage. MeiraGTx Holdings plc is based in New York. " (3/18/2020)
2. Chardan Capital analysts commented, "We rate MeiraGTx Buy on the forward- looking approach Meira management has taken to develop one of the broadest pipelines in all of AAV-based GT, including one with both lower-risk IRD opportunities for early wins and with higher-risk large-market opportunities that could generate profound investment returns." (9/23/2019)

Has MeiraGTx been receiving favorable news coverage?

News headlines about MGTX stock have been trending extremely negative this week, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources. 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 coverage optimism score of -4.6 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutMeiraGTx.

Are investors shorting MeiraGTx?

MeiraGTx saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 579,000 shares, a decrease of 7.5% from the April 30th total of 626,000 shares. Based on an average daily trading volume, of 114,000 shares, the days-to-cover ratio is presently 5.1 days. Approximately 2.0% of the shares of the stock are short sold. View MeiraGTx's Current Options Chain.

Who are some of MeiraGTx's key competitors?

Some companies that are related to MeiraGTx include Bill.com (RVMD), Adverum Biotechnologies (ADVM), SpringWorks Therapeutics (SWTX), Sangamo Therapeutics (SGMO), Twist Bioscience (TWST), Mesoblast (MESO), Adaptimmune Therapeutics (ADAP), Editas Medicine (EDIT), I-Mab (BDTX), Regenxbio (RGNX), Beam Therapeutics (BEAM), Coherus Biosciences (CHRS), Cortexyme (CRTX), Translate Bio (TBIO) and Proteon Therapeutics (PRTO). View all 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), Crispr Therapeutics (CRSP), Inovio Pharmaceuticals (INO), Kadmon (KDMN), Viking Therapeutics (VKTX), Advanced Micro Devices (AMD), Corbus Pharmaceuticals (CRBP), InVitae (NVTA), Sorrento Therapeutics (SRNE) and Canopy Growth (CGC).

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 IPO 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.

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 investors include Orbimed Advisors LLC (9.59%), Johnson & Johnson Innovation JJDC Inc. (7.76%), BlackRock Inc. (3.29%), Prosight Management LP (1.52%), State Street Corp (0.96%) and Alyeska Investment Group L.P. (0.93%). 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 major investors are selling MeiraGTx stock?

MGTX stock was sold by a variety of institutional investors in the last quarter, including Squarepoint Ops LLC, BlackRock Inc., Morgan Stanley, UBS Group AG, Ensign Peak Advisors Inc, Victory Capital Management Inc., Victory Capital Management Inc., and SG Americas Securities LLC. 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 major investors are buying MeiraGTx stock?

MGTX stock was purchased by a variety of institutional investors in the last quarter, including Johnson & Johnson Innovation JJDC Inc., Orbimed Advisors LLC, Alps Advisors Inc., Rhenman & Partners Asset Management AB, Prosight Management LP, JPMorgan Chase & Co., Fort Sheridan Advisors LLC, and AQR Capital Management LLC. 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 $14.40.

How big of a company is MeiraGTx?

MeiraGTx has a market capitalization of $537.98 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 15thFloor, 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 6/3/2020 by MarketBeat.com Staff