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As of close of business last night, Mereo Biopharma Group Plc ADR’s stock clocked out at $4.56, up 1.11% from its previous closing price of $4.51. In other words, the price has increased by $1.11 from its previous closing price. On the day, 0.75 million shares were traded. MREO stock price reached its highest trading level at $4.64 during the session, while it also had its lowest trading level at $4.415.
Ratios:
To gain a deeper understanding of MREO’s stock, we examine 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 701569664 and an Enterprise Value of 3420926464. Its current Enterprise Value per Revenue stands at 3420.927 whereas that against EBITDA is -91.687.
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 $1.54. The 50-Day Moving Average of the stock is 5.62%, while the 200-Day Moving Average is calculated to be 25.04%.
Shares Statistics:
It appears that MREO traded 862.58K shares on average per day over the past three months and 589380 shares per day over the past ten days. 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 57.63% stake in the company. Shares short for MREO as of 1727654400 were 4881549 with a Short Ratio of 5.66, compared to 1724976000 on 4496821. Therefore, it implies a Short% of Shares Outstanding of 4881549 and a Short% of Float of 3.7600000000000002.
