Meiragtx Holdings (MGTX) AI Stock Analysis

• Market Cap: $658.06M
• Dividend Yield: N/A
• Average Volume (3M): 323.84K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.81
• Revenue Growth: 366.84%
• EPS Growth: -35.87%
• Country: US
• Employees: 375
• Sector: Healthcare
• Sector Strength: 45
• Industry: Biotechnology
• EPS (TTM): -0.48
• Shares Outstanding: 80,447,480
• 10 Day Avg. Volume: 331,750
• 30 Day Avg. Volume: 323,839
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.87
• Enterprise Value/Revenue: 15.13
• Enterprise Value/Gross Profit: 56.96
• Enterprise Value/Ebitda: -4.34
• 1Y Price Target: $20.00
• Price Target Upside: 144.50% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 41 Neutral
• Price Target: $7.00 ▼(-14.43% Downside)

The overall stock score for Meiragtx Holdings is primarily influenced by its weak financial performance, characterized by persistent losses and high leverage. Technical analysis suggests a neutral to slightly bearish trend, while valuation metrics are unattractive due to negative earnings. The absence of earnings call data and corporate events means these factors do not impact the score.

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 following radiation treatment for head and neck cancers; degenerative diseases; neurodegenerative diseases, such as amyotrophic lateral sclerosis; and Parkinson's diseases. Its programs in clinical development include Phase 1/2 clinical stage programs in Achromatopsia, X-Linked Retinitis Pigmentosa, RPE65-deficiency, and radiation-induced Xerostomia, as well as Parkinson's program. The company also focuses on initiating a clinical program in xerostomia related to Sjogren's syndrome and have preclinical programs in neurodegenerative diseases. It has a research collaboration agreement with Janssen Pharmaceuticals, Inc. to develop regulatable gene therapy treatment using the company's proprietary riboswitch technology. MeiraGTx Holdings plc was incorporated in 2015 and is based in New York, New York.

How the Company Makes Money

MeiraGTx Holdings generates revenue primarily through collaborations and partnerships with pharmaceutical companies and research institutions. The company may receive milestone payments and royalties based on the commercial success of its gene therapy products developed in conjunction with these partners. Additionally, MeiraGTx is involved in the licensing of its proprietary technology and processes, which can also contribute to its revenue streams. As the company progresses its product candidates through clinical trials and toward commercialization, it anticipates that successful outcomes will lead to increased revenue from product sales and ongoing collaborations.

Meiragtx Holdings Financial Statement Overview

Summary

Meiragtx Holdings faces significant financial challenges with persistent losses and high leverage. While there are some positive signs in revenue growth and free cash flow improvement, the overall financial health is concerning due to negative profitability metrics and high debt levels.

Income Statement

Meiragtx Holdings shows a modest revenue growth rate of 9.88% TTM, but the company struggles with profitability as evidenced by negative net profit margins and EBIT margins. The gross profit margin has improved to 36.55% TTM, indicating some efficiency in cost management. However, the persistent negative EBIT and net profit margins highlight ongoing operational challenges.

Balance Sheet

The company's debt-to-equity ratio has increased to 2.44 TTM, indicating a high level of leverage which could pose financial risks. Return on equity remains negative, reflecting continued losses. The equity ratio is low, suggesting limited shareholder equity relative to total assets. These factors point to financial instability and potential risk.

Cash Flow

Free cash flow has shown growth of 22.27% TTM, which is a positive sign. However, operating cash flow remains negative, and the operating cash flow to net income ratio is unfavorable, indicating cash flow challenges. The free cash flow to net income ratio is slightly above 1, suggesting some ability to cover net losses with free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	37.92M	33.28M	14.02M	15.92M	37.70M	15.56M
Gross Profit	10.07M	9.49M	14.02M	7.20M	29.83M	15.56M
EBITDA	-132.21M	-121.69M	-57.05M	-115.95M	-71.40M	-53.68M
Net Income	-157.50M	-147.79M	-84.03M	-142.88M	-71.98M	-53.96M
Balance Sheet
Total Assets	198.72M	269.75M	326.74M	318.24M	320.16M	363.70M
Cash, Cash Equivalents and Short-Term Investments	32.17M	103.66M	129.57M	115.52M	137.70M	209.52M
Total Debt	80.47M	84.80M	89.26M	92.25M	23.73M	22.25M
Total Liabilities	195.76M	201.92M	188.57M	200.50M	134.76M	125.14M
Stockholders Equity	2.96M	67.83M	138.18M	117.74M	185.40M	238.56M
Cash Flow
Free Cash Flow	-133.97M	-109.45M	-125.54M	-118.06M	-65.75M	-100.99M
Operating Cash Flow	-129.07M	-104.50M	-105.36M	-73.10M	-10.53M	-63.97M
Investing Cash Flow	-5.00M	23.48M	34.03M	-44.96M	-61.72M	-37.02M
Financing Cash Flow	61.36M	54.53M	84.02M	95.20M	1.71M	82.73M

Meiragtx Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.18
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 8.18 is above the 20-day moving average (MA) of 7.68, above the 50-day MA of 7.85, and above the 200-day MA of 6.78, indicating a bullish trend. The MACD of 0.12 indicates Negative momentum. The RSI at 58.29 is Neutral, neither overbought nor oversold. The STOCH value of 83.74 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MGTX.

Meiragtx Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KROS	72 Outperform	651.88M	51.23	2.66%	―	85820.30%	―
TBPH	66 Neutral	708.58M	60.15	5.80%	―	24.49%	―
QURE	54 Neutral	2.98B	-13.85	3547.93%	―	-48.25%	33.77%
AKBA	49 Neutral	726.50M	-15.81	―	―	16.75%	14.72%
CAPR	43 Neutral	324.13M	-4.32	-27.82%	―	-50.68%	-76.38%
MGTX	41 Neutral	$658.06M	―	-379.53%	―	366.84%	-35.87%
Sector *	51 Neutral	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%

Meiragtx Holdings Corporate Events

MeiraGTx Gains UK Approval for Hologen Transactions

MeiraGTx Holdings plc has received the necessary clearances and approvals under the UK’s foreign direct investment laws for its proposed transactions with Hologen Limited, which were initiated on March 9, 2025. These transactions are anticipated to conclude in July 2025, potentially impacting the company’s operational and strategic positioning in the market.