Mereo BioPharma Group plc (MREO) market price of $1.95 offers the impression of an exciting value play

Let’s start up with the current stock price of Mereo BioPharma Group plc (MREO), which is $1.95 to be very precise. The Stock rose vividly during the last session to $2.23 after opening rate of $2.10 while the lowest price it went was recorded $1.90 before closing at $2.05.

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Recently in News on November 23, 2020, Mereo BioPharma Appoints Suba Krishnan, M.D. as Senior Vice President of Clinical Development. Mereo BioPharma Group plc (NASDAQ: MREO, AIM: MPH) (“Mereo” or “the Company”), a clinical stage biopharmaceutical company focused on oncology and rare diseases, today announces the appointment of Suba Krishnan, M.D. as Senior Vice President of Clinical Development, effective December 7, 2020. Dr. Krishnan joins Mereo with more than 20 years of experience, encompassing early and late stage immuno-oncology drug development, academia and clinical practice. You can read further details here


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Mereo BioPharma Group plc had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $4.2500 on 06/19/20, with the lowest value was $0.6900 for the same time period, recorded on 03/18/20.

Mereo BioPharma Group plc (MREO) full year performance was 11.43%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Mereo BioPharma Group plc shares are logging -54.12% during the 52-week period from high price, and 182.61% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.69 and $4.25.

The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 2068153 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Mereo BioPharma Group plc (MREO) recorded performance in the market was -40.55%, having the revenues showcasing -28.04% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 132.10M, as it employees total of 50 workers.

Specialists analysis on Mereo BioPharma Group plc (MREO)

During the last month, 0 analysts gave the Mereo BioPharma Group plc a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 2.6379, with a change in the price was noted -1.0600. In a similar fashion, Mereo BioPharma Group plc posted a movement of -35.22% for the period of last 100 days, recording 245,609 in trading volumes.

Trends and Technical analysis: Mereo BioPharma Group plc (MREO)

Raw Stochastic average of Mereo BioPharma Group plc in the period of last 50 days is set at 6.37%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 7.94%. In the last 20 days, the company’s Stochastic %K was 6.44% and its Stochastic %D was recorded 6.56%.

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Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -40.55%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -29.86%, alongside a boost of 11.43% for the period of the last 12 months. The shares increased approximately by -14.85% in the 7-day charts and went up by -19.09% in the period of the last 30 days. Common stock shares were lifted by -28.04% during last recorded quarter.

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