In last trading session, Mersana Therapeutics Inc (NASDAQ:MRSN) saw 2.87 million shares changing hands with its beta currently measuring 1.52. Company’s recent per share price level of $1.98 trading at -$0.16 or -7.48% at ring of the bell on the day assigns it a market valuation of $242.27M. That closing price of MRSN’s stock is at a discount of -217.17% from its 52-week high price of $6.28 and is indicating a premium of 59.6% from its 52-week low price of $0.80. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.28 million shares which gives us an average trading volume of 1.50 million if we extend that period to 3-months.
For Mersana Therapeutics Inc (MRSN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.44. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.17 in the current quarter.
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Mersana Therapeutics Inc (NASDAQ:MRSN) trade information
Upright in the red during last session for losing -7.48%, in the last five days MRSN remained trading in the red while hitting it’s week-highest on Wednesday, 07/24/24 when the stock touched $1.98 price level, adding 10.41% to its value on the day. Mersana Therapeutics Inc’s shares saw a change of -14.66% in year-to-date performance and have moved -7.91% in past 5-day. Mersana Therapeutics Inc (NASDAQ:MRSN) showed a performance of -5.71% in past 30-days. Number of shares sold short was 9.57 million shares which calculate 7.08 days to cover the short interests.
Mersana Therapeutics Inc (MRSN) estimates and forecasts
Statistics highlight that Mersana Therapeutics Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -36.74% of value to its shares in past 6 months, showing an annual growth rate of 59.46% while that of industry is 15.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 7.70% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 9.13M for the same. And 9 analysts are in estimates of company making revenue of 10.15M in the next quarter. Company posted 10.65M and 7.7M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 11.93% during past 5 years.
MRSN Dividends
Mersana Therapeutics Inc is more likely to be releasing its next quarterly report in August and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Mersana Therapeutics Inc (NASDAQ:MRSN)’s Major holders
Insiders are in possession of 1.36% of company’s total shares while institution are holding 99.55 percent of that, with stock having share float percentage of 100.92%. Investors also watch the number of corporate investors in a company very closely, which is 99.55% institutions for Mersana Therapeutics Inc that are currently holding shares of the company. ECOR1 CAPITAL, LLC is the top institutional holder at MRSN for having 19.36 million shares of worth $86.75 million. And as of 2024-03-31, it was holding 16.055 of the company’s outstanding shares.
The second largest institutional holder is VR ADVISER, LLC, which was holding about 11.33 million shares on 2024-03-31. The number of shares represents firm’s hold over 9.3919 of outstanding shares, having a total worth of $50.75 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Mar 31, 2024 , the former fund manager was holding 3.22 shares of worth $6.38 million or 2.63% of the total outstanding shares. The later fund manager was in possession of 2.81 shares on Jun 30, 2024 , making its stake of worth around $5.57 million in the company or a holder of 2.30% of company’s stock.
