With 0.82 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.04 million shares. The 52-week range on MREO shows that it touched its highest point at $5.02 and its lowest point at $2.53 during that stretch. It currently has a 1-year price target of $7.34. Beta for the stock currently stands at 0.94.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MREO was down-trending over the past week, with a drop of -1.04%, but this was down by -2.40% over a month. Three-month performance dropped to -14.41% while six-month performance fell -35.81%. The stock lost -20.39% in the past year, while it has lost -18.57% so far this year. For the next quarter, that number is -0.01. This implies an EPS growth rate of -53.57% for this year and 58.14% for next year. EPS is expected to grow by 6.69% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 41.78%.
Float and Shares Shorts:
At present, 154.73 million MREO shares are outstanding with a float of 142.29 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MREO since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.0981746 being high and -$0.0981746 being low. For MREO, this leads to a yearly average estimate of -$0.0490873. Based on analyst estimates, the high estimate for the next quarter is $0.06 and the low estimate is -$0.02. The average estimate for the next quarter is thus $0.01.
