Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
After finishing at $2.81 in the prior trading day, Mereo Biopharma Group Plc ADR (NASDAQ: MREO) closed at $2.74, down -2.49%. In other words, the price has decreased by -$2.49 from its previous closing price. On the day, 0.56 million shares were traded. MREO stock price reached its highest trading level at $2.81 during the session, while it also had its lowest trading level at $2.73.
Ratios:
Our goal is to gain a better understanding of MREO by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.11 and its Current Ratio is at 3.11. In the meantime, Its Debt-to-Equity ratio is 0.16 whereas as Long-Term Debt/Eq ratio is at 0.08.
On August 12, 2022, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $4.
On May 05, 2021, BTIG Research started tracking the stock assigning a Buy rating and target price of $10.BTIG Research initiated its Buy rating on May 05, 2021, with a $10 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MREO now has a Market Capitalization of 384304160 and an Enterprise Value of 1866667392. For the stock, the TTM Price-to-Sale (P/S) ratio is 43.66 while its Price-to-Book (P/B) ratio in mrq is 4.79. Its current Enterprise Value per Revenue stands at 186.667 whereas that against EBITDA is -70.255.
Stock Price History:
Over the past 52 weeks, MREO has reached a high of $4.36, while it has fallen to a 52-week low of $0.92. The 50-Day Moving Average of the stock is -15.74%, while the 200-Day Moving Average is calculated to be 19.48%.
Shares Statistics:
The stock has traded on average 1.38M shares per day over the past 3-months and 836920 shares per day over the last 10 days, according to various share statistics. A total of 140.06M shares are outstanding, with a floating share count of 140.06M. Insiders hold about 0.00% of the company’s shares, while institutions hold 61.44% stake in the company. Shares short for MREO as of 1713139200 were 2767401 with a Short Ratio of 2.00, compared to 1710460800 on 2193972. Therefore, it implies a Short% of Shares Outstanding of 2767401 and a Short% of Float of 2.3800000000000003.
