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MGTX
Stock ticker: NASDAQ
AS OF
Jan 17 closing price
Price
$6.26
Change
+$0.33 (+5.56%)
Capitalization
489.24M

MGTX MeiraGTx Holdings plc Forecast, Technical & Fundamental Analysis

a developer of novel treatments for inherited and acquired genetic disorders

Industry Biotechnology
MGTX
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for MGTX with price predictions
Jan 08, 2025

MGTX saw its Stochastic Oscillator peaks and leaves the overbought zone

The Stochastic Oscillator for MGTX moved out of overbought territory on January 08, 2025. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 53 similar instances where the indicator exited the overbought zone. In of the 53 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day moving average for MGTX crossed bearishly below the 50-day moving average on December 23, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

The Aroon Indicator for MGTX entered a downward trend on December 31, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on January 03, 2025. You may want to consider a long position or call options on MGTX as a result. In of 100 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for MGTX just turned positive on January 03, 2025. Looking at past instances where MGTX's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .

MGTX moved above its 50-day moving average on January 02, 2025 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MGTX advanced for three days, in of 258 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MGTX’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (5.110) is normal, around the industry mean (14.746). P/E Ratio (0.000) is within average values for comparable stocks, (88.252). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.853). MGTX has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.013). P/S Ratio (29.499) is also within normal values, averaging (264.084).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. MGTX’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 94, placing this stock worse than average.

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MGTX
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published Earnings

MGTX is expected to report earnings to rise 3.64% to -56 cents per share on March 12

MeiraGTx Holdings plc MGTX Stock Earnings Reports
Q4'24
Est.
$-0.57
Q3'24
Beat
by $0.01
Q2'24
Missed
by $0.36
Q1'24
Beat
by $0.09
Q4'23
Beat
by $0.38
The last earnings report on November 13 showed earnings per share of -55 cents, beating the estimate of -56 cents. With 445.64K shares outstanding, the current market capitalization sits at 489.24M.
A.I. Advisor
published General Information

General Information

a developer of novel treatments for inherited and acquired genetic disorders

Industry Biotechnology

Profile
Fundamentals
Details
Industry
Biotechnology
Address
450 East 29th Street
Phone
+1 646 860-7985
Employees
425
Web
https://www.meiragtx.com
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MGTX and Stocks

Correlation & Price change

A.I.dvisor indicates that over the last year, MGTX has been loosely correlated with BEAM. These tickers have moved in lockstep 54% of the time. This A.I.-generated data suggests there is some statistical probability that if MGTX jumps, then BEAM could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MGTX
1D Price
Change %
MGTX100%
+5.56%
BEAM - MGTX
54%
Loosely correlated
+0.17%
NTLA - MGTX
54%
Loosely correlated
+0.85%
CRSP - MGTX
51%
Loosely correlated
+0.57%
AURA - MGTX
50%
Loosely correlated
+1.30%
PRME - MGTX
50%
Loosely correlated
+0.70%
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