Mei Pharma Stock Price on November 2, 2023
| MEIP Stock | USD 2.58 0.12 4.44% |
Below is the normalized historical share price chart for MEI Pharma extending back to December 18, 2003. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of MEI Pharma stands at 2.58, as last reported on the 16th of December 2024, with the highest price reaching 2.70 and the lowest price hitting 2.55 during the day.
If you're considering investing in MEI Stock, it is important to understand the factors that can impact its price. MEI Pharma has Sharpe Ratio of -0.0577, which conveys that the firm had a -0.0577% return per unit of volatility over the last 3 months. MEI Pharma exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MEI Pharma's risk adjusted performance of (0.04), and Mean Deviation of 1.45 to check out the risk estimate we provide.
At this time, MEI Pharma's Common Stock Shares Outstanding is relatively stable compared to the past year. As of 12/16/2024, Liabilities And Stockholders Equity is likely to grow to about 62.7 M, while Issuance Of Capital Stock is likely to drop 0.00. . As of 12/16/2024, Price Earnings Ratio is likely to grow to 1.12, while Price To Sales Ratio is likely to drop 0.28. MEI Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 19th of December 2003 | 200 Day MA 3.1335 | 50 Day MA 2.8484 | Beta 0.706 |
MEI |
Sharpe Ratio = -0.0577
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| Negative Returns | MEIP |
Estimated Market Risk
| 2.38 actual daily | 21 79% of assets are more volatile |
Expected Return
| -0.14 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average MEI Pharma is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of MEI Pharma by adding MEI Pharma to a well-diversified portfolio.
Price Book 0.7231 | Enterprise Value Ebitda (1.58) | Price Sales 0.2755 | Shares Float 4.9 M | Wall Street Target Price 20 |
MEI Pharma Valuation on November 2, 2023
It is possible to determine the worth of MEI Pharma on a given historical date. On November 2, 2023 MEI was worth 5.41 at the beginning of the trading date compared to the closed value of 5.36. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of MEI Pharma stock. Still, in general, we apply an absolute valuation method to find MEI Pharma's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of MEI Pharma where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against MEI Pharma's related companies.
| Open | High | Low | Close | Volume | |
| 5.34 | 5.45 | 5.26 | 5.45 | 59,586 | |
11/02/2023 | 5.41 | 5.46 | 5.20 | 5.36 | 55,574 |
| 5.40 | 5.57 | 5.33 | 5.53 | 38,565 |
| Backtest MEI Pharma | | | MEI Pharma History | | | MEI Pharma Valuation | Previous | Next |
MEI Pharma Trading Date Momentum on November 2, 2023
| On November 03 2023 MEI Pharma was traded for 5.53 at the closing time. The top price for the day was 5.57 and the lowest listed price was 5.33 . The trading volume for the day was 38.6 K. The trading history from November 3, 2023 was a factor to the next trading day price gain. The trading delta at closing time against the next closing price was 3.17% . The trading delta at closing time against the current closing price is 7.28% . |
MEI Pharma Fundamentals Correlations and Trends
By evaluating MEI Pharma's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among MEI Pharma's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. MEI financial account trend analysis is a perfect complement when working with valuation or volatility modules.About MEI Pharma Stock history
MEI Pharma investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for MEI is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in MEI Pharma will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing MEI Pharma stock prices may prove useful in developing a viable investing in MEI Pharma
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 6.7 M | 7 M | |
| Net Loss | -28.7 M | -30.1 M |
MEI Pharma Quarterly Net Working Capital |
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MEI Pharma Stock Technical Analysis
MEI Pharma technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
MEI Pharma Period Price Range
Low | December 16, 2024
| High |
0.00 | 0.00 |
MEI Pharma cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
MEI Pharma December 16, 2024 Market Strength
Market strength indicators help investors to evaluate how MEI Pharma stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MEI Pharma shares will generate the highest return on investment. By undertsting and applying MEI Pharma stock market strength indicators, traders can identify MEI Pharma entry and exit signals to maximize returns
MEI Pharma Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for MEI Pharma's price direction in advance. Along with the technical and fundamental analysis of MEI Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of MEI to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.29) |
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Additional Tools for MEI Stock Analysis
When running MEI Pharma's price analysis, check to measure MEI Pharma's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MEI Pharma is operating at the current time. Most of MEI Pharma's value examination focuses on studying past and present price action to predict the probability of MEI Pharma's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MEI Pharma's price. Additionally, you may evaluate how the addition of MEI Pharma to your portfolios can decrease your overall portfolio volatility.