Currently, there are 2.54B common shares owned by the public and among those 2.53B shares have been available to trade.
Insiders at the company have transacted a total of 62 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 28 of these insider trades were purchases, accounting for 541,138 shares. Insider sales of the common stock occurred on 34 occasions, with total insider shares sold totaling 597,471 shares.
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The company’s stock has a 5-day price change of -1.14% and 23.71% over the past three months. MRK shares are trading 15.05% year to date (YTD), with the 12-month market performance up to 15.53% higher. It has a 12-month low price of $99.14 and touched a high of $128.06 over the same period. MRK has an average intraday trading volume of 0.85 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.49%, 9.56%, and 14.34% respectively.
Institutional ownership of Merck & Co Inc (NYSE: MRK) shares accounts for 77.72% of the company’s 2.54B shares outstanding.
It has a market capitalization of $317.84B and a beta (3y monthly) value of 0.38. The stock’s trailing 12-month PE ratio is 948.79, while the earnings-per-share (ttm) stands at $0.13. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.31% over the week and 1.41% over the month.
Analysts forecast that Merck & Co Inc (MRK) will achieve an EPS of $2.05 for the current quarter, $2.01 for the next quarter and $9.77 for 2025. The lowest estimate earnings-per-share for the quarter is $1.78 while analysts give the company a high EPS estimate of $2.24. Comparatively, EPS for the current quarter was $1.4 a year ago. Earnings per share for the fiscal year are expected to increase by 465.37%, and 13.13% over the next financial year.
Looking at the support for the MRK, a number of firms have released research notes about the stock. TD Cowen stated their Outperform rating for the stock in a research note on January 04, 2024, with the firm’s price target at $125-$135.
