Meiragtx Holdings (MGTX)
NASDAQ:MGTX
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Meiragtx Holdings
(NASDAQ:MGTX)
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Rating:56Neutral
Price Target:
$10.50
▲(3.75% Upside)
Action:Reiterated
Date:05/14/26
Overall score reflects financial risk as the main constraint (large ongoing losses and negative equity) partially offset by improving cash flow, constructive technical momentum (price above key moving averages with positive MACD), and a strong set of recent corporate catalysts and financing actions that improve funding visibility. Valuation is supportive but not a primary driver.
Positive Factors
High Gross Margin & Improving Cash Flow
A ~94% gross margin combined with TTM positive operating cash flow (~$8M) indicates strong unit economics and improving cash generation. Over the medium term this supports reinvestment into late-stage programs and reduces reliance on emergency financing if operating cash conversion is sustained.
Negative Factors
Negative Equity Position
A negative shareholders' equity (~-$58M) constrains financial flexibility and can complicate access to capital or favorable borrowing terms. Over months this condition increases reliance on external funding, potential asset sales, or dilution to support commercialization and late-stage trials.
Read all positive and negative factors
Positive Factors
Negative Factors
High Gross Margin & Improving Cash Flow
A ~94% gross margin combined with TTM positive operating cash flow (~$8M) indicates strong unit economics and improving cash generation. Over the medium term this supports reinvestment into late-stage programs and reduces reliance on emergency financing if operating cash conversion is sustained.
Read all positive factors
Meiragtx Holdings (MGTX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$926.10M
Dividend YieldN/A
Average Volume (3M)930.98K
Price to Earnings (P/E)―
Beta (1Y)1.46
Revenue Growth131.13%
EPS Growth35.61%
CountryUS
Employees375
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)-1.48
Shares Outstanding92,609,510
10 Day Avg. Volume893,381
30 Day Avg. Volume930,975
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 Cap1.02
Enterprise Value/Revenue11.81
Enterprise Value/Gross Profit12.89
Enterprise Value/Ebitda-10.12
Forecast
1Y Price Target
$24.00Price Target Upside137.15% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)-1.66
Revenue Forecast (FY)$49.29M
Meiragtx Holdings Business Overview & Revenue Model
Company Description
MeiraGTx Holdings plc, a clinical stage gene therapy company, focusing on developing treatments for patients with serious diseases. The company develops various therapies for ocular diseases, including inherited blindness, as well as Xerostomia fo...
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 | -93.07M | -105.97M | -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
10.12
Price Trends
9.32
Positive
8.45
Positive
8.28
Positive
Market Momentum
0.17
Negative
64.55
Neutral
89.17
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 10.12 is above the 20-day moving average (MA) of 9.71, above the 50-day MA of 9.32, and above the 200-day MA of 8.28, indicating a bullish trend. The MACD of 0.17 indicates Negative momentum. The RSI at 64.55 is Neutral, neither overbought nor oversold. The STOCH value of 89.17 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 |
|---|---|---|---|---|---|---|---|
58 Neutral | $1.70B | -16.57 | -56.07% | ― | 3.42% | -11.04% | |
56 Neutral | $926.10M | -7.18 | 474.91% | ― | 131.13% | 35.61% | |
52 Neutral | $468.92M | -4.19 | -36.83% | ― | 383560.87% | 20.87% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
45 Neutral | $3.79B | -14.11 | -77.01% | ― | ― | -49.51% |
* Healthcare Sector Average
MGTX
Meiragtx Holdings
10.65
5.53
108.01%
TSHA
Taysha Gene Therapies
5.87
3.16
116.61%
FDMT
4D Molecular Therapeutics
9.91
6.29
173.76%
ERAS
Erasca
12.84
11.44
817.14%
Meiragtx Holdings Corporate Events
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
MeiraGTx Forms Strategic Gene Therapy Collaboration with Hologen
Positive
Apr 24, 2026
On April 20, 2026, MeiraGTx Holdings and affiliates completed the initial closing of a strategic collaboration with Guernsey-based Hologen Limited to jointly research, develop, manufacture and commercialize MeiraGTx’s AAV-GAD and AAV-BDNF ge...
Business Operations and StrategyPrivate Placements and Financing
MeiraGTx Announces Public Equity Offering to Fund Growth
Positive
Apr 16, 2026
On April 16, 2026, MeiraGTx Holdings plc entered into an underwriting agreement with BofA Securities, Inc. and Goldman Sachs Co. LLC for a public offering of 11,111,111 ordinary shares at $9.00 per share, with all shares sold by the company. The ...
Business Operations and StrategyPrivate Placements and Financing
MeiraGTx Reacquires Bota-Vec Rights, Advances XLRP Program
Positive
Apr 16, 2026
On April 15, 2026, MeiraGTx reacquired from Janssen all rights and related intellectual property to botaretigene sparoparvovec (bota-vec), an AAV-RPGR gene therapy for X-linked retinitis pigmentosa, for $25 million upfront plus potential milestone...
Business Operations and StrategyProduct-Related Announcements
MeiraGTx Reports Durable Phase 1 AQUAx Gene Therapy Data
Positive
Apr 16, 2026
On April 16, 2026, MeiraGTx reported three-year follow-up data from its Phase 1 AQUAx trial of AAV-hAQP1 in patients with grade 2/3 late radiation-induced xerostomia, showing the one-time gene therapy remained safe and well tolerated with no dose-...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
MeiraGTx Highlights Breakthrough Gene Therapy and Strategic Alliances
Positive
Mar 26, 2026
On March 25, 2026, MeiraGTx amended its notes purchase and warrant agreements with Perceptive Credit Holdings, extending note maturity to May 2, 2027, committing to redeem $25 million of principal by June 30, 2026, and cutting the warrant exercise...
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.