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The closing price of MEI Pharma Inc (NASDAQ: MEIP) was $6.86 for the day, up 4.73% from the previous closing price of $6.55. In other words, the price has increased by $4.73 from its previous closing price. On the day, 1.77 million shares were traded. MEIP stock price reached its highest trading level at $7.4 during the session, while it also had its lowest trading level at $6.26.
Ratios:
Our analysis of MEIP’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 16.78 and its Current Ratio is at 16.78. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
On March 25, 2022, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $13 to $2.
Stifel Downgraded its Buy to Hold on March 25, 2022, whereas the target price for the stock was revised from $6 to $2.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MEIP now has a Market Capitalization of 45707220 and an Enterprise Value of 23169714.
Stock Price History:
The Beta on a monthly basis for MEIP is 0.34, which has changed by 1.0725076 over the last 52 weeks, in comparison to a change of 0.16260707 over the same period for the S&P500. Over the past 52 weeks, MEIP has reached a high of $9.00, while it has fallen to a 52-week low of $1.46. The 50-Day Moving Average of the stock is 158.56%, while the 200-Day Moving Average is calculated to be 164.97%.
Shares Statistics:
MEIP traded an average of 830.36K shares per day over the past three months and 5265250 shares per day over the past ten days. A total of 6.66M shares are outstanding, with a floating share count of 6.58M. Insiders hold about 1.24% of the company’s shares, while institutions hold 40.06% stake in the company. Shares short for MEIP as of 1751241600 were 5017 with a Short Ratio of 0.01, compared to 1748563200 on 2667. Therefore, it implies a Short% of Shares Outstanding of 5017 and a Short% of Float of 0.09000000400000001.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0The current Payout Ratio is 0.00% for MEIP, which recently paid a dividend on 2023-11-16 with an ex-dividend date of 2023-11-16. Stock splits for the company last occurred on 2023-04-17 when the company split stock in a 1:20 ratio.
