MeiraGTx Holdings plc’s filing revealed that its Director PERCEPTIVE ADVISORS LLC acquired Company’s shares for reported $25.0 million on May 05. In the deal valued at $5.75 per share,4,347,826 shares were bought. As a result of this transaction, PERCEPTIVE ADVISORS LLC now holds 11,281,103 shares worth roughly $ 71.86 million.
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RBC Capital Mkts initiated its MeiraGTx Holdings plc [MGTX] rating to an Outperform in a research note published on Friday, October 23, 2020; the price target was $27. PT values the company’s stock at a premium of 76.41 to its Friday closing price.
Price Performance Review of MGTX
On Friday, MeiraGTx Holdings plc [NASDAQ:MGTX] saw its stock jump 1.27% to $6.37. On the same session, the stock had its day’s lowest price of $6.28, but rose to a high of $6.58. Over the last five days, the stock has gained 2.91%. MeiraGTx Holdings plc shares have fallen nearly -2.30% since the year began. Nevertheless, the stocks have fallen -23.25% over the past one year. While a 52-week high of $9.49 was reached on 02/22/23, a 52-week low of $4.77 was recorded on 03/24/23. SMA at 50 days reached $6.38, while 200 days put it at $6.52. A total of 0.13 million shares were traded, compared to the trading of 0.11 million shares in the previous session.
Levels Of Support And Resistance For MGTX Stock
The 24-hour chart illustrates a support level at 6.24, which if violated will result in even more drops to 6.11. On the upside, there is a resistance level at 6.54. A further resistance level may holdings at 6.71. The Relative Strength Index (RSI) on the 14-day chart is 54.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.79%. Stochastics %K at 66.54% indicates the stock is a holding.
How much short interest is there in MeiraGTx Holdings plc?
A steep rise in short interest was recorded in MeiraGTx Holdings plc stocks on Aug 14, 2023, dropping by 10000.0 shares to a total of 1.19 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.2 million shares. There was a decline of -0.84%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.76% of the overall stock float, the days-to-cover ratio (short ratio) fell to 11.33.
MeiraGTx Holdings plc [MGTX] – Who Are The Largest Shareholders?
In filings from Perceptive Advisors LLC, it is revealed that the company now owns 11,331,103 shares, or roughly 23.26% of the outstanding MGTX shares. In other words, the investor’s shares have risen by 4,367,826 from its previous 13-F filing of 6963277.0. Additionally, Adage Capital Management LP increased 50.40% of its stake after which the total value it holdings stand at $29,427,407, while Prosight Management LP added 173.94% of its stake to hold $25.7 million in the firm. Over the last quarter, 683 Capital Management LLC purchased 782,609 shares of MeiraGTx Holdings plc, while BlackRock Fund Advisors bought 21,638 shares. At present, Royce & Associates LP is holding 677,715 shares valued at $4.27 million. SSgA Funds Management, Inc. owned 540,487 shares of the company at the time of its most recent 13F filing, worth $3.41 million.
According to FactSet, MeiraGTx Holdings plc’s share price will average $23.60 in the next year, based on opinions of analysts polled by the firm. This is up nearly 233.86 percent from its previous closing price of $6.29. Analysts expect MeiraGTx Holdings plc stock to reach the higher price of $41.00, while the lowest price estimate is $11.00. However, 5 analysts have rated MGTX stock as a Buy in their predictions for 2023.