Reassessing The Changing Outlook For Mercury Systems Inc (MRCY)

Currently, there are 58.09M common shares owned by the public and among those 57.09M shares have been available to trade.

The company’s stock has a 5-day price change of 1.09% and 22.46% over the past three months. MRCY shares are trading 3.64% year to date (YTD), with the 12-month market performance down to -4.32% lower. It has a 12-month low price of $25.31 and touched a high of $42.72 over the same period. MRCY has an average intraday trading volume of 791.91K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.40%, 13.36%, and 19.72% respectively.

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Institutional ownership of Mercury Systems Inc (NASDAQ: MRCY) shares accounts for 109.42% of the company’s 58.09M shares outstanding.

It has a market capitalization of $2.25B and a beta (3y monthly) value of 0.69. The earnings-per-share (ttm) stands at -$2.40. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.52% over the week and 3.80% over the month.

Analysts forecast that Mercury Systems Inc (MRCY) will achieve an EPS of -0.08 for the current quarter, -0.04 for the next quarter and 0.76 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.21 while analysts give the company a high EPS estimate of -0.21. Comparatively, EPS for the current quarter was -0.24 a year ago. Earnings per share for the fiscal year are expected to increase by 125.18%, and 336.59% over the next financial year.

Truist coverage for the Mercury Systems Inc (MRCY) stock in a research note released on February 07, 2024 offered a Hold rating with a price target of $28. Goldman was of a view on January 10, 2024 that the stock is Sell, while Jefferies gave the stock Underperform rating on January 03, 2024, issuing a price target of $35- $30. BofA Securities on their part issued Underperform rating on November 29, 2023.

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