Stocks of Mereo Biopharma Group Plc ADR (MREO) are poised to climb above their peers

With 0.93 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.78 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $3.4750 whereas the lowest price it dropped to was $3.2000. The 52-week range on MREO shows that it touched its highest point at $4.36 and its lowest point at $0.69 during that stretch. It currently has a 1-year price target of $5.75. Beta for the stock currently stands at 0.78.

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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 up-trending over the past week, with a rise of 14.43%, but this was down by -10.26% over a month. Three-month performance surged to 46.35% while six-month performance rose 160.31%. The stock gained 360.81% in the past year, while it has gained 47.62% so far this year. A look at the trailing 12-month EPS for MREO yields -0.25 with Next year EPS estimates of -0.04.

Float and Shares Shorts:

At present, 140.06 million MREO shares are outstanding with a float of 140.06 million shares on hand for trading. On Mar 15, 2024, short shares totaled 2.19 million, which was 1.56% higher than short shares on Feb 15, 2024. In addition to MRO as the firm’s Marathon Oil Corporation, MREO serves as its Mereo BioPharma Group plc.

Institutional Ownership:

Through their ownership of 61.41% of MREO’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MREO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

Dividends & Yield:

In terms of dividends, MREO has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and MREO currently yields $0.00. In the past year, MREO’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, MREO has a current buyback yield of $–. This was $– for the TTM, and it was $– for the past five years.