Mereo BioPharma Group plc (NASDAQ:MREO) currently has a daily average trading volume of 1.38M but it saw 2248017 shares traded on Thursday. With a market cap of 132.48M USD, stock’s current market price of $1.06 came falling about -6.19 while comparing to the previous closing price of $1.13. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.85 and as low as $0.44. In the recent trading on the day, stock has struck highest price mark of $1.14 while lowest mark touched by it was $1.01.
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Taking a look at 20-day trading activity of Mereo BioPharma Group plc (MREO) gives us an average price of $1.2135, while its current price level is -42.70% below from 52-week high level whereas it is 140.36% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.0337 while that of 200 days or SMA-200 reads an average of $0.9516. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.87% during that period while stretching the period over a month that decreases to 11.05%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 44.16 which implies that the stock is in neutral territory.
Mereo BioPharma Group plc (MREO)’s stock is currently under the radar of 4 analysts who are in consensus at a 12-month price target range of between $4.00 and $5.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $4.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $5.00. Average price target assigned by them is $4.25 which highlights an upside potential of 75.06% for the stock over that period. And to attain the median price target of $4.00 assigned by those analysts, stock has to add about 73.5% of value to its current levels.
Data by FactSet Research shows that 4 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 4 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Strong Buy.
Over the week, MREO’s stock price is moving -15.20% down while it is -13.82% when we observe its performance for the past one month. Year-to-date it is 41.33% up and over the past year, the stock is showing an upside performance of 123.72%.
The company is expected to be releasing its next quarterly report in 08/09/2023, for which analysts forecasted an EPS of $0 while estimate for next year EPS is $0.
Currently, Mereo BioPharma Group plc’s total number of outstanding shares is 124.99M with 0.00% of that held by the insiders while 51.68% of its common stock has been owned by the institutions. Stock has a price to book (P/B) ratio of 2.14.
In the most recent quarter, APO Medical Opportunities came rising its stake by 16.36% in the company and now holds 0.61 million or 0.49% of the company’s stake having worth of about 0.8 million.
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