Mereo BioPharma stock hits 52-week low at $2.25

Published 26/03/2025, 19:12
Mereo BioPharma stock hits 52-week low at $2.25

Mereo BioPharma Group plc (MREO) stock has reached a 52-week low, trading at $2.25. The company, with a market capitalization of $364 million, currently trades below analyst targets ranging from $6.36 to $10.61. This price level reflects a significant downturn for the biopharmaceutical company, which specializes in developing and commercializing innovative therapeutics. Over the past year, Mereo BioPharma’s stock has experienced a notable decline, with a 1-year change showing a decrease of 24.83%. According to InvestingPro analysis, the company maintains strong financial health with a current ratio of 6.1 and holds more cash than debt on its balance sheet. Discover 9 additional exclusive ProTips and comprehensive financial analysis available on InvestingPro. This downward trend highlights the challenges faced by the company in a competitive market, as investors and stakeholders look closely at its performance and future prospects. Despite recent price weakness, the company maintains solid fundamentals with liquid assets exceeding short-term obligations, suggesting potential resilience in its financial position.

In other recent news, Mereo BioPharma’s financial and clinical developments have drawn attention from analysts. The company concluded fiscal year 2024 with $69.8 million in cash and equivalents, which is projected to support operations through 2027. Analysts from BTIG have maintained a Buy rating for Mereo BioPharma, citing a $6.00 price target, while Cantor Fitzgerald has reiterated an Overweight rating with a $7.00 price target. Mereo BioPharma’s drug, setrusumab, is in Phase 3 trials for treating osteogenesis imperfecta (OI), and analysts express confidence in its potential efficacy. The next interim analysis for setrusumab is expected in mid-2025, with a focus on its efficacy, which could expedite approval if results are favorable. The company is also preparing for a potential launch of setrusumab and exploring partnership opportunities for another drug, alvelestat. Mereo BioPharma has a financial interest in setrusumab, including tiered double-digit royalties and potential milestone payments. The collaboration with Ultragenyx (NASDAQ:RARE) on setrusumab is closely watched, with the Osteogenesis Imperfecta Foundation highlighting the treatment’s potential impact.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.