Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Milestone Pharmaceuticals Inc (NASDAQ: MIST) was $2.17 for the day, down -8.05% from the previous closing price of $2.36. In other words, the price has decreased by -$8.05 from its previous closing price. On the day, 0.99 million shares were traded. MIST stock price reached its highest trading level at $2.39 during the session, while it also had its lowest trading level at $2.17.
Ratios:
Our analysis of MIST’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 15.40 and its Current Ratio is at 15.40. In the meantime, Its Debt-to-Equity ratio is 2.25 whereas as Long-Term Debt/Eq ratio is at 2.23.
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, Rodman & Renshaw on August 22, 2024, initiated with a Buy rating and assigned the stock a target price of $9.
On June 20, 2023, Jefferies Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $8 to $4.
Piper Sandler Upgraded its Neutral to Overweight on April 22, 2022, whereas the target price for the stock was revised from $8 to $10.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MIST now has a Market Capitalization of 115721544 and an Enterprise Value of 93757888.
Stock Price History:
Over the past 52 weeks, MIST has reached a high of $2.75, while it has fallen to a 52-week low of $1.12. The 50-Day Moving Average of the stock is 20.97%, while the 200-Day Moving Average is calculated to be 35.73%.
Shares Statistics:
MIST traded an average of 402.43K shares per day over the past three months and 608600 shares per day over the past ten days. A total of 53.33M shares are outstanding, with a floating share count of 50.59M. Insiders hold about 5.14% of the company’s shares, while institutions hold 49.68% stake in the company. Shares short for MIST as of 1730332800 were 454790 with a Short Ratio of 1.28, compared to 1727654400 on 436935. Therefore, it implies a Short% of Shares Outstanding of 454790 and a Short% of Float of 0.86.
