Mersana Therapeutics Inc (MRSN) concluded trading on Thursday at a closing price of $1.98, with 2.87 million shares of worth about $5.68 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -36.74% during that period and on July 25, 2024 the price saw a loss of about -7.48%. Currently the company’s common shares owned by public are about 120.71M shares, out of which, 91.93M shares are available for trading.
Stock saw a price change of -7.91% in past 5 days and over the past one month there was a price change of -5.71%. Year-to-date (YTD), MRSN shares are showing a performance of -14.66% which decreased to -48.70% 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 $6.28 during that period. The average intraday trading volume for Mersana Therapeutics Inc shares is 1.50 million. The stock is currently trading -1.80% below its 20-day simple moving average (SMA20), while that difference is down -10.44% for SMA50 and it goes to -28.67% lower than SMA200.
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Mersana Therapeutics Inc (NASDAQ: MRSN) currently have 120.71M outstanding shares and institutions hold larger chunk of about 74.81% of that.
The stock has a current market capitalization of $242.27M and its 3Y-monthly beta is at 1.52. It has posted earnings per share of -$1.14 in the same period. It has Quick Ratio of 3.51 while making debt-to-equity ratio of 1.18. 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 10.49% while standing at 7.36% over the month.
Stock’s fiscal year EPS is expected to rise by 58.15% while it is estimated to decrease by -16.21% 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 JP Morgan on March 19, 2024 offering a Neutral rating for the stock and assigned a target price of $5 to it. Coverage by Wedbush stated Mersana Therapeutics Inc (MRSN) stock as an Outperform in their note to investors on February 29, 2024, suggesting a price target of $7 for the stock. On February 29, 2024, Guggenheim Upgrade their recommendations, while on February 29, 2024, BTIG Research Upgrade their ratings for the stock with a price target of $6. Stock get a Buy rating from Citigroup on December 04, 2023.