Is MeiraGTx Holdings PLC (MGTX) Stock About to Get Hot Monday?

Overall market sentiment has been neutral on MeiraGTx Holdings PLC (MGTX) stock lately. MGTX receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.

MeiraGTx Holdings PLC has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on MGTX!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With MGTX Stock Today?

MeiraGTx Holdings PLC (MGTX) stock is trading at $4.38 as of 1:00 PM on Monday, Oct 30, a gain of $0.67, or 18.24% from the previous closing price of $3.70. Volume today is more active than usual. So far 11,323,595 shares have traded compared to average volume of 97,672 shares. The stock has traded between $4.05 and $5.41 so far today.

More About MeiraGTx Holdings PLC

MeiraGTx Holdings PLC is a clinical-stage gene therapy company. It focuses on the eye, salivary gland, and central nervous system disorders. The company's pipeline products include AAV-CNGB3, AAV-CNGA3 and AAV-RPGR, and others. Geographically, it operates in the United States, United Kingdom, and European Union. Click Here to get the full Stock Report for MeiraGTx Holdings PLC stock.