Mersana Therapeutics Inc (NASDAQ:MRSN)’s traded shares stood at 1.36 million during the last session, with the company’s beta value hitting 1.47. At the close of trading, the stock’s price was $1.39, to imply an increase of 6.11% or $0.08 in intraday trading. The MRSN share’s 52-week high remains $6.28, putting it -351.8% down since that peak but still an impressive 23.02% since price per share fell to its 52-week low of $1.07. The company has a valuation of $170.51M, with an average of 1.36 million shares in intraday trading volume over the past 10 days and average of 1.38 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Mersana Therapeutics Inc (MRSN), translating to a mean rating of 1.44. Of 5 analyst(s) looking at the stock, 0 analyst(s) give MRSN a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.18.
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Mersana Therapeutics Inc (NASDAQ:MRSN) trade information
After registering a 6.11% upside in the last session, Mersana Therapeutics Inc (MRSN) has traded red over the past five days. The 5-day price performance for the stock is 13.01%, and -36.53% over 30 days. With these gigs, the year-to-date price performance is -40.09%. Short interest in Mersana Therapeutics Inc (NASDAQ:MRSN) saw shorts transact 9.11 million shares and set a 7.89 days time to cover.
The extremes give us $3 and $3 for target low and target high price respectively. As such, MRSN has been trading -115.83% off suggested target high and -115.83% from its likely low.
Mersana Therapeutics Inc (MRSN) estimates and forecasts
Looking at statistics comparing Mersana Therapeutics Inc share performance against respective industry, we note that the company has outperformed competitors. Mersana Therapeutics Inc (MRSN) shares are -62.33% down over the last 6 months, with its year-to-date growth rate higher than industry average at 57.43% against 18.50%. Revenue is forecast to grow 48.60% this quarter before falling -6.30% for the next one. The rating firms project that company’s revenue will shrink -18.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 9 analysts is 8.68M. Meanwhile, for the current quarter, a total of 9 analyst(s) estimate revenue growth to 8.48M.Earnings reports from the last fiscal year show that sales brought in 7.7M and 10.7M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 12.80% before dropping -20.80% in the following quarter.
MRSN Dividends
Mersana Therapeutics Inc has its next earnings report out in September. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Mersana Therapeutics Inc (NASDAQ:MRSN)’s Major holders
Mersana Therapeutics Inc insiders hold 1.35% of total outstanding shares, with institutional holders owning 94.62% of the shares at 95.93% float percentage. In total, 94.62% institutions holds shares in the company, led by ECOR1 CAPITAL, LLC. As of 2024-06-30, the company held over 19.36 million shares (or 15.9479% of shares), all amounting to roughly $38.92 million.
The next major institution holding the largest number of shares is VR ADVISER, LLC with 11.33 million shares, or about 9.3292% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $22.77 million.
