Madrigal Pharmaceuticals MDGL
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Madrigal Pharmaceuticals (MDGL) Business Model and Operations Summary
Madrigal Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, focuses on the development and commercialization of therapeutic candidates for the treatment of cardiovascular, metabolic, and liver diseases. Its lead product candidate is resmetirom, a liver-directed selective thyroid hormone receptor-ß agonist, which is in Phase III clinical trials for the treatment of non-alcoholic steatohepatitis. The company also develops MGL-3745, a backup compound to resmetirom. It has research, development, and commercialization agreement with Hoffmann-La Roche. Madrigal Pharmaceuticals, Inc. is headquartered in West Conshohocken, Pennsylvania.
Key Insights
Madrigal Pharmaceuticals (MDGL) Stock Information & Key Business Metrics
Market Cap
$11.61 BillionAverage Daily Volume
306,772 Shares52-Week Range
$265.00-$615.00Free Cash Flow
-$161.63 MillionTotal Outstanding Shares
22.71 Million SharesFree Float
16.79 Million Shares (75.6% Outstanding)CEO
William J. SiboldTotal Employees
528Current Dividend
No dividendIPO Date
February 6, 2007Headquarters
200 Barr Harbor Drive, Suite 400, West Conshohocken, PA, 19428