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Meiragtx Holdings
(NASDAQ:MGTX)
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Rating:54Neutral
Price Target:
$12.50
▲(6.20% Upside)
Action:Reiterated
Date:07/08/26
Overall score reflects weak financial quality (large losses and negative equity) as the primary constraint, partially offset by improving cash flow and a strong technical uptrend. Valuation is hard to assess due to negative earnings, while recent financing and program-related corporate events meaningfully strengthen near-term funding and strategic positioning.
Positive Factors
High gross margins
A sustained ~94% gross margin reflects a high-value revenue mix and durable pricing or IP advantage in gene therapy. Such strong unit economics mean incremental revenue can flow to EBITDA quickly as fixed R&D and SG&A scale, supporting long-term cash generation if revenue grows.
Negative Factors
Negative stockholders' equity
Negative equity indicates cumulative losses have eroded capital, limiting balance sheet flexibility. This raises the likelihood of future dilutive financings or structured transactions, constrains unsecured borrowing capacity, and increases vulnerability to adverse shocks or covenant triggers over months.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margins
A sustained ~94% gross margin reflects a high-value revenue mix and durable pricing or IP advantage in gene therapy. Such strong unit economics mean incremental revenue can flow to EBITDA quickly as fixed R&D and SG&A scale, supporting long-term cash generation if revenue grows.
Read all positive factors
Meiragtx Holdings (MGTX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.09B
Dividend YieldN/A
Average Volume (3M)1.06M
Price to Earnings (P/E)―
Beta (1Y)1.62
Revenue Growth131.13%
EPS Growth35.61%
CountryUS
Employees409
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)-1.48
Shares Outstanding92,609,510
10 Day Avg. Volume681,602
30 Day Avg. Volume1,056,260
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)-110.38
Price to Sales (P/S)7.86
P/FCF Ratio-12.74
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$25.00Price Target Upside112.40% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)-1.66
Revenue Forecast (FY)$33.38M
Meiragtx Holdings Business Overview & Revenue Model
Company Description
MeiraGTx Holdings plc operates as a clinical-stage gene therapy company, dedicated to pioneering therapeutic solutions for individuals afflicted by serious illnesses. Its development efforts span a broad spectrum of conditions, encompassing ocular...
Meiragtx Holdings Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
18
Very Negative
Cash Flow
41
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 79.76M | 81.39M | 33.28M | 14.02M | 15.92M | 37.70M |
| Gross Profit | 73.09M | 76.55M | 9.49M | 14.02M | 15.92M | 37.70M |
| EBITDA | -95.72M | -89.40M | -121.69M | -57.05M | -116.07M | -71.40M |
| Net Income | -120.53M | -114.20M | -147.79M | -84.03M | -129.62M | -79.56M |
Balance Sheet | ||||||
| Total Assets | 244.66M | 244.43M | 269.75M | 326.74M | 318.24M | 320.16M |
| Cash, Cash Equivalents and Short-Term Investments | 71.54M | 65.93M | 103.66M | 129.57M | 115.52M | 137.70M |
| Total Debt | 87.53M | 88.69M | 84.80M | 89.26M | 92.25M | 23.73M |
| Total Liabilities | 302.79M | 250.22M | 201.92M | 188.57M | 200.50M | 134.76M |
| Stockholders Equity | -58.13M | -5.79M | 67.83M | 138.18M | 117.74M | 185.40M |
Cash Flow | ||||||
| Free Cash Flow | -2.34M | -50.19M | -109.45M | -125.54M | -118.06M | -65.75M |
| Operating Cash Flow | 8.28M | -46.36M | -104.50M | -105.36M | -73.10M | -10.53M |
| Investing Cash Flow | -4.66M | -4.11M | 23.48M | 34.03M | -44.96M | -61.72M |
| Financing Cash Flow | 446.00K | 12.27M | 54.53M | 84.02M | 95.20M | 1.71M |
Meiragtx Holdings Technical Analysis
Positive
11.77
Price Trends
11.63
Positive
10.42
Positive
9.19
Positive
Market Momentum
0.16
Negative
60.38
Neutral
91.80
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MGTX, the sentiment is Positive. The current price of 11.77 is below the 20-day moving average (MA) of 12.25, above the 50-day MA of 11.63, and above the 200-day MA of 9.19, indicating a bullish trend. The MACD of 0.16 indicates Negative momentum. The RSI at 60.38 is Neutral, neither overbought nor oversold. The STOCH value of 91.80 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MGTX.
Meiragtx Holdings Risk Analysis
Meiragtx Holdings disclosed 78 risk factors in its most recent earnings report. Meiragtx Holdings reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Meiragtx Holdings Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
57 Neutral | $6.30B | -19.52 | -77.01% | ― | ― | -49.51% | |
55 Neutral | $1.87B | -15.31 | -56.07% | ― | 3.42% | -11.04% | |
54 Neutral | $1.09B | -7.97 | 474.91% | ― | 131.13% | 35.61% | |
54 Neutral | $532.17M | -3.83 | -36.83% | ― | 383560.87% | 20.87% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% |
* Healthcare Sector Average
MGTX
Meiragtx Holdings
13.07
5.23
66.71%
TSHA
Taysha Gene Therapies
6.56
3.80
137.68%
FDMT
4D Molecular Therapeutics
10.75
5.22
94.39%
ERAS
Erasca
18.41
16.93
1143.92%
Meiragtx Holdings Corporate Events
Business Operations and StrategyPrivate Placements and Financing
MeiraGTx Secures Major Royalty Financing and Restructures Debt
Positive
Jul 7, 2026
On June 30, 2026, MeiraGTx entered into a Royalty Note Purchase Agreement with Oberland Capital affiliates providing up to $375 million in senior secured royalty financing tied to future net sales of three gene therapy products. An initial $100 mi...
Executive/Board ChangesShareholder Meetings
MeiraGTx Shareholders Back Board Slate and Auditor Renewal
Positive
Jun 15, 2026
On June 11, 2026, MeiraGTx Holdings plc held its annual general meeting of shareholders, with about 81.4% of outstanding ordinary shares represented. Shareholders elected three Class II directors, Ellen Hukkelhoven, Ph.D., Nicole Seligman, and Deb...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.