Currently, there are 59.37M common shares owned by the public and among those 57.26M shares have been available to trade.
Insiders at the company have transacted a total of 66 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 38 of these insider trades were purchases, accounting for 993,197 shares. Insider sales of the common stock occurred on 28 occasions, with total insider shares sold totaling 30,985 shares.
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The company’s stock has a 5-day price change of -0.58% and -16.24% over the past three months. MRCY shares are trading -20.34% year to date (YTD), with the 12-month market performance down to -46.74% lower. It has a 12-month low price of $25.31 and touched a high of $55.08 over the same period. MRCY has an average intraday trading volume of 551.32K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.35%, -12.15%, and -19.70% respectively.
Institutional ownership of Mercury Systems Inc (NASDAQ: MRCY) shares accounts for 105.45% of the company’s 59.37M shares outstanding.
It has a market capitalization of $1.73B and a beta (3y monthly) value of 0.71. The earnings-per-share (ttm) stands at -$1.49. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.13% over the week and 4.32% over the month.
Analysts forecast that Mercury Systems Inc (MRCY) will achieve an EPS of -$0.07 for the current quarter, $0.11 for the next quarter and $0.46 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.33 while analysts give the company a high EPS estimate of $0.25. Comparatively, EPS for the current quarter was $0.4 a year ago. Earnings per share for the fiscal year are expected to decrease by -142.39%, and 200.84% over the next financial year.
Looking at the support for the MRCY, a number of firms have released research notes about the stock. Truist stated their Hold rating for the stock in a research note on February 07, 2024, with the firm’s price target at $48-$28.
