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After finishing at $4.25 in the prior trading day, Mereo Biopharma Group Plc ADR (NASDAQ: MREO) closed at $4.09, down -3.76%. In other words, the price has decreased by -$3.76 from its previous closing price. On the day, 0.54 million shares were traded. MREO stock price reached its highest trading level at $4.24 during the session, while it also had its lowest trading level at $4.05.
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 6.07 and its Current Ratio is at 6.07. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Robert W. Baird on June 13, 2024, initiated with a Outperform rating and assigned the stock a target price of $8.
On August 12, 2022, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $4.Cantor Fitzgerald initiated its Overweight rating on August 12, 2022, with a $4 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 13 ’24 when Scots-Knight Denise sold 60,046 shares for $4.22 per share. The transaction valued at 253,454 led to the insider holds 808,921 shares of the business.
Scots-Knight Denise sold 28,611 shares of MREO for $127,968 on Sep 12 ’24. The Chief Executive Officer now owns 868,967 shares after completing the transaction at $4.47 per share. On Sep 13 ’24, another insider, Lewicki John A., who serves as the Chief Scientific Officer of the company, sold 10,937 shares for $4.22 each. As a result, the insider received 46,165 and left with 78,630 shares of the company.
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 629258752 and an Enterprise Value of 3059954688. For the stock, the TTM Price-to-Sale (P/S) ratio is 71.54 while its Price-to-Book (P/B) ratio in mrq is 8.00. Its current Enterprise Value per Revenue stands at 3059.955 whereas that against EBITDA is -82.012.
Stock Price History:
Over the past 52 weeks, MREO has reached a high of $5.02, while it has fallen to a 52-week low of $1.07. The 50-Day Moving Average of the stock is -2.98%, while the 200-Day Moving Average is calculated to be 18.75%.
Shares Statistics:
The stock has traded on average 969.73K shares per day over the past 3-months and 992910 shares per day over the last 10 days, according to various share statistics. A total of 153.76M shares are outstanding, with a floating share count of 141.76M. Insiders hold about 7.81% of the company’s shares, while institutions hold 57.65% stake in the company. Shares short for MREO as of 1724976000 were 4496821 with a Short Ratio of 4.64, compared to 1722384000 on 4373431. Therefore, it implies a Short% of Shares Outstanding of 4496821 and a Short% of Float of 3.47.
