Merck & Co Inc (MRK): Street Finally Waking Up

Currently, there are 2.53B common shares owned by the public and among those 2.53B shares have been available to trade.

The company’s stock has a 5-day price change of 2.98% and -14.70% over the past three months. MRK shares are trading -9.03% year to date (YTD), with the 12-month market performance down to -2.46% lower. It has a 12-month low price of $94.48 and touched a high of $134.63 over the same period. MRK has an average intraday trading volume of 9.79 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.19%, -7.39%, and -17.58% respectively.

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Institutional ownership of Merck & Co Inc (NYSE: MRK) shares accounts for 78.93% of the company’s 2.53B shares outstanding.

It has a market capitalization of $249.18B and a beta (3y monthly) value of 0.41. The stock’s trailing 12-month PE ratio is 20.77, while the earnings-per-share (ttm) stands at $4.77. The company has a PEG of 0.74 and a Quick Ratio of 1.15 with the debt-to-equity ratio at 0.86. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.63% over the week and 2.22% over the month.

Earnings per share for the fiscal year are expected to increase by 412.32%, and 21.63% over the next financial year. EPS should grow at an annualized rate of 28.00% over the next five years, compared to -42.70% over the past 5-year period.

Bernstein was of a view on October 17, 2024 that the stock is Mkt Perform, while Societe Generale gave the stock Sell rating on March 11, 2024, issuing a price target of $104. TD Cowen on their part issued Outperform rating on January 04, 2024.

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