Growth Story Still Intact For Marinus Pharmaceuticals Inc (MRNS)

Marinus Pharmaceuticals Inc (MRNS) concluded trading on Thursday at a closing price of $0.30, with 47.64 million shares of worth about $14.29 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -79.15% during that period and on October 24, 2024 the price saw a loss of about -82.49%. Currently the company’s common shares owned by public are about 54.58M shares, out of which, 47.93M shares are available for trading.

Stock saw a price change of -82.99% in past 5 days and over the past one month there was a price change of -82.99%. Year-to-date (YTD), MRNS shares are showing a performance of -97.28% which decreased to -95.60% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.05 but also hit the highest price of $11.26 during that period. The average intraday trading volume for Marinus Pharmaceuticals Inc shares is 522.64K. The stock is currently trading -82.41% below its 20-day simple moving average (SMA20), while that difference is down -80.90% for SMA50 and it goes to -92.65% lower than SMA200.

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Marinus Pharmaceuticals Inc (NASDAQ: MRNS) currently have 54.58M outstanding shares and institutions hold larger chunk of about 67.86% of that.

The stock has a current market capitalization of $16.30M and its 3Y-monthly beta is at 1.15. It has posted earnings per share of -$2.66 in the same period. It has Quick Ratio of 2.15. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MRNS, volatility over the week remained 24.14% while standing at 10.44% over the month.

Stock’s fiscal year EPS is expected to rise by 26.20% while it is estimated to increase by 63.83% in next year. EPS is likely to grow at an annualized rate of 20.00% for next 5-years, compared to annual growth of 6.04% made by the stock over the past 5-years.

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 Oppenheimer on September 23, 2024 offering an Outperform rating for the stock and assigned a target price of $6 to it. On April 16, 2024, Robert W. Baird Downgrade their recommendations, while on April 15, 2024, RBC Capital Mkts Downgrade their ratings for the stock with a price target of $3. Stock get a Perform rating from Oppenheimer on August 11, 2023.

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