Is MeiraGTx Holdings Stock a Good Investment?
MeiraGTx Holdings Investment Advice | MGTX |
- Examine MeiraGTx Holdings' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research MeiraGTx Holdings' leadership team and their track record. Good management can help MeiraGTx Holdings navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Biotechnology space and any emerging trends that could impact MeiraGTx Holdings' business and its evolving consumer preferences.
- Compare MeiraGTx Holdings' performance and market position to its competitors. Analyze how MeiraGTx Holdings is positioned in terms of product offerings, innovation, and market share.
- Check if MeiraGTx Holdings pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about MeiraGTx Holdings' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in MeiraGTx Holdings PLC stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if MeiraGTx Holdings PLC is a good investment.
Sell | Buy |
Hold
Market Performance | Good | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine MeiraGTx Holdings Stock
Researching MeiraGTx Holdings' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 24.0% of the company outstanding shares are owned by corporate insiders. The book value of MeiraGTx Holdings was now reported as 2.17. The company recorded a loss per share of 1.17. MeiraGTx Holdings PLC had not issued any dividends in recent years.
To determine if MeiraGTx Holdings is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding MeiraGTx Holdings' research are outlined below:
| MeiraGTx Holdings appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 14.02 M. Net Loss for the year was (84.03 M) with profit before overhead, payroll, taxes, and interest of 15.92 M. | |
| MeiraGTx Holdings PLC currently holds about 72.11 M in cash with (105.36 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.61. | |
| MeiraGTx Holdings has a frail financial position based on the latest SEC disclosures | |
| Roughly 55.0% of the company shares are owned by institutional investors | |
| Latest headline from thelincolnianonline.com: Cornercap Investment Counsel Inc. Trims Holdings in MeiraGTx Holdings plc |
MeiraGTx Holdings uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in MeiraGTx Holdings PLC. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to MeiraGTx Holdings' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 12th of March 2024 Upcoming Quarterly Report | View | |
| 9th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 12th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact MeiraGTx Holdings' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises MeiraGTx Holdings' investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2020-05-07 | 2020-03-31 | -0.48 | -0.43 | 0.05 | 10 | ||
2021-11-10 | 2021-09-30 | -0.51 | -0.59 | -0.08 | 15 | ||
2021-08-11 | 2021-06-30 | -0.54 | -0.46 | 0.08 | 14 | ||
2021-03-11 | 2020-12-31 | -0.35 | -0.25 | 0.1 | 28 | ||
2023-03-14 | 2022-12-31 | -0.49 | -0.6 | -0.11 | 22 | ||
2022-08-11 | 2022-06-30 | -0.64 | -0.76 | -0.12 | 18 | ||
2021-05-11 | 2021-03-31 | -0.42 | -0.54 | -0.12 | 28 | ||
2024-05-09 | 2024-03-31 | -0.5 | -0.32 | 0.18 | 36 |
Know MeiraGTx Holdings' Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as MeiraGTx Holdings is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading MeiraGTx Holdings PLC backward and forwards among themselves. MeiraGTx Holdings' institutional investor refers to the entity that pools money to purchase MeiraGTx Holdings' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | J. Goldman & Co Lp | 2024-06-30 | 389.9 K | Vanguard Group Inc | 2024-09-30 | 381.8 K | Jpmorgan Chase & Co | 2024-06-30 | 338.5 K | Alyeska Investment Group, L.p. | 2024-06-30 | 330.2 K | Northern Trust Corp | 2024-09-30 | 265.4 K | Junked Platinum Investment Management Ltd | 2024-09-30 | 250 K | Laurion Capital Management Lp | 2024-06-30 | 236.4 K | Citadel Advisors Llc | 2024-06-30 | 218 K | Privium Fund Management B.v. | 2024-09-30 | 214 K | Perceptive Advisors Llc | 2024-09-30 | 12.6 M | Johnson & Johnson | 2024-06-30 | 6.6 M |
MeiraGTx Holdings' market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 467.36 M.Market Cap |
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MeiraGTx Holdings' profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.26) | (0.27) | |
| Return On Capital Employed | (0.53) | (0.55) | |
| Return On Assets | (0.26) | (0.27) | |
| Return On Equity | (0.61) | (0.58) |
Determining MeiraGTx Holdings' profitability involves analyzing its financial statements and using various financial metrics to determine if MeiraGTx Holdings is a good buy. For example, gross profit margin measures MeiraGTx Holdings' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of MeiraGTx Holdings' profitability and make more informed investment decisions.
Please note, the imprecision that can be found in MeiraGTx Holdings' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of MeiraGTx Holdings PLC. Check MeiraGTx Holdings' Beneish M Score to see the likelihood of MeiraGTx Holdings' management manipulating its earnings.
Evaluate MeiraGTx Holdings' management efficiency
MeiraGTx Holdings PLC has return on total asset (ROA) of (0.3666) % which means that it has lost $0.3666 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.9151) %, meaning that it created substantial loss on money invested by shareholders. MeiraGTx Holdings' management efficiency ratios could be used to measure how well MeiraGTx Holdings manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.27 in 2024. Return On Capital Employed is likely to drop to -0.55 in 2024. At this time, MeiraGTx Holdings' Non Currrent Assets Other are fairly stable compared to the past year. Intangible Assets is likely to rise to about 1.5 M in 2024, whereas Total Assets are likely to drop slightly above 247.2 M in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 2.45 | 1.92 | |
| Tangible Book Value Per Share | 2.43 | 1.90 | |
| Enterprise Value Over EBITDA | (6.24) | (6.56) | |
| Price Book Value Ratio | 2.87 | 3.01 | |
| Enterprise Value Multiple | (6.24) | (6.56) | |
| Price Fair Value | 2.87 | 3.01 | |
| Enterprise Value | 356.2 M | 336 M |
Understanding the operational decisions made by MeiraGTx Holdings management offers insights into its financial robustness. This evaluation is crucial for assessing the stock's investment potential.
Beta 1.247 |
Basic technical analysis of MeiraGTx Stock
As of the 21st of November, MeiraGTx Holdings secures the Risk Adjusted Performance of 0.12, downside deviation of 3.11, and Mean Deviation of 2.69. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of MeiraGTx Holdings PLC, as well as the relationship between them.MeiraGTx Holdings' insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific MeiraGTx Holdings insiders, such as employees or executives, is commonly permitted as long as it does not rely on MeiraGTx Holdings' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases MeiraGTx Holdings insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
MeiraGTx Holdings' Outstanding Corporate Bonds
MeiraGTx Holdings issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. MeiraGTx Holdings PLC uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most MeiraGTx bonds can be classified according to their maturity, which is the date when MeiraGTx Holdings PLC has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Understand MeiraGTx Holdings' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing MeiraGTx Holdings' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.12 | |||
| Market Risk Adjusted Performance | 0.3026 | |||
| Mean Deviation | 2.69 | |||
| Semi Deviation | 2.64 | |||
| Downside Deviation | 3.11 | |||
| Coefficient Of Variation | 672.48 | |||
| Standard Deviation | 3.76 | |||
| Variance | 14.17 | |||
| Information Ratio | 0.1234 | |||
| Jensen Alpha | 0.3892 | |||
| Total Risk Alpha | 0.1229 | |||
| Sortino Ratio | 0.1494 | |||
| Treynor Ratio | 0.2926 | |||
| Maximum Drawdown | 21.07 | |||
| Value At Risk | (5.68) | |||
| Potential Upside | 5.71 | |||
| Downside Variance | 9.65 | |||
| Semi Variance | 6.96 | |||
| Expected Short fall | (3.07) | |||
| Skewness | 1.07 | |||
| Kurtosis | 2.93 |
| Risk Adjusted Performance | 0.12 | |||
| Market Risk Adjusted Performance | 0.3026 | |||
| Mean Deviation | 2.69 | |||
| Semi Deviation | 2.64 | |||
| Downside Deviation | 3.11 | |||
| Coefficient Of Variation | 672.48 | |||
| Standard Deviation | 3.76 | |||
| Variance | 14.17 | |||
| Information Ratio | 0.1234 | |||
| Jensen Alpha | 0.3892 | |||
| Total Risk Alpha | 0.1229 | |||
| Sortino Ratio | 0.1494 | |||
| Treynor Ratio | 0.2926 | |||
| Maximum Drawdown | 21.07 | |||
| Value At Risk | (5.68) | |||
| Potential Upside | 5.71 | |||
| Downside Variance | 9.65 | |||
| Semi Variance | 6.96 | |||
| Expected Short fall | (3.07) | |||
| Skewness | 1.07 | |||
| Kurtosis | 2.93 |
Consider MeiraGTx Holdings' intraday indicators
MeiraGTx Holdings intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of MeiraGTx Holdings stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
MeiraGTx Holdings Corporate Filings
8K | 13th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
13A | 12th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
F4 | 14th of August 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
F3 | 13th of August 2024 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock | ViewVerify |
MeiraGTx Stock media impact
Far too much social signal, news, headlines, and media speculation about MeiraGTx Holdings that are available to investors today. That information is available publicly through MeiraGTx media outlets and privately through word of mouth or via MeiraGTx internal channels. However, regardless of the origin, that massive amount of MeiraGTx data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of MeiraGTx Holdings news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of MeiraGTx Holdings relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to MeiraGTx Holdings' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive MeiraGTx Holdings alpha.
MeiraGTx Holdings Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards MeiraGTx Holdings can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
MeiraGTx Holdings Corporate Management
| Robert MD | Chief Officer | Profile | |
| Tim Randall | Senior Controls | Profile | |
| Christine Sheehy | Senior Integration | Profile | |
| Richard BA | COO CFO | Profile | |
| Joel Brooks | VP Fin | Profile | |
| Alastair Leighton | Senior Chain | Profile |
Additional Tools for MeiraGTx Stock Analysis
When running MeiraGTx Holdings' price analysis, check to measure MeiraGTx Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MeiraGTx Holdings is operating at the current time. Most of MeiraGTx Holdings' value examination focuses on studying past and present price action to predict the probability of MeiraGTx Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MeiraGTx Holdings' price. Additionally, you may evaluate how the addition of MeiraGTx Holdings to your portfolios can decrease your overall portfolio volatility.