Mersana Therapeutics Inc (MRSN) concluded trading on Thursday at a closing price of $5.01, with 2.92 million shares of worth about $14.61 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 250.00% during that period and on March 14, 2024 the price saw a loss of about -12.80%. Currently the company’s common shares owned by public are about 120.71M shares, out of which, 91.80M shares are available for trading.
Stock saw a price change of -14.44% in past 5 days and over the past one month there was a price change of 30.68%. Year-to-date (YTD), MRSN shares are showing a performance of 115.73% which increased to 7.40% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.80 but also hit the highest price of $9.62 during that period. The average intraday trading volume for Mersana Therapeutics Inc shares is 2.13 million. The stock is currently trading 3.37% above its 20-day simple moving average (SMA20), while that difference is up 31.17% for SMA50 and it goes to 79.58% higher than SMA200.
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Mersana Therapeutics Inc (NASDAQ: MRSN) currently have 120.71M outstanding shares and institutions hold larger chunk of about 71.11% of that.
The stock has a current market capitalization of $607.11M and its 3Y-monthly beta is at 1.51. It has posted earnings per share of -$1.50 in the same period. It has Quick Ratio of 3.36 while making debt-to-equity ratio of 0.92. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MRSN, volatility over the week remained 10.39% while standing at 10.19% over the month.
Analysts are in expectations that Mersana Therapeutics Inc (MRSN) stock would likely to be making an EPS of -$0.18 in the current quarter, while forecast for next quarter EPS is -$0.18 and it is -$0.67 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.21 which is -$0.13 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.52 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 57.22% while it is estimated to decrease by -4.00% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wedbush on February 29, 2024 offering an Outperform rating for the stock and assigned a target price range of between $2 and $7 to it. Coverage by Guggenheim stated Mersana Therapeutics Inc (MRSN) stock as a Buy in their note to investors on February 29, 2024, suggesting a price target of $7 for the stock. On February 29, 2024, BTIG Research Upgrade their recommendations, while on December 04, 2023, Citigroup Upgrade their ratings for the stock with a price target of $5. Stock get a Neutral rating from Robert W. Baird on July 28, 2023.
