In last trading session, Mercer International Inc. (NASDAQ:MERC) saw 0.82 million shares changing hands with its beta currently measuring 1.36. Company’s recent per share price level of $5.68 trading at $0.03 or 0.53% at ring of the bell on the day assigns it a market valuation of $379.82M. That closing price of MERC’s stock is at a discount of -97.18% from its 52-week high price of $11.20 and is indicating a premium of 6.16% from its 52-week low price of $5.33. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.43 million shares which gives us an average trading volume of 299.11K if we extend that period to 3-months.
For Mercer International Inc. (MERC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 6 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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Mercer International Inc. (NASDAQ:MERC) trade information
Upright in the green during last session for gaining 0.53%, in the last five days MERC remained trading in the red while hitting it’s week-highest on Tuesday, 09/03/24 when the stock touched $5.68 price level, adding 7.94% to its value on the day. Mercer International Inc.’s shares saw a change of -40.08% in year-to-date performance and have moved -4.70% in past 5-day. Mercer International Inc. (NASDAQ:MERC) showed a performance of -12.62% in past 30-days. Number of shares sold short was 1.3 million shares which calculate 4.39 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 13.25 to the stock, which implies a rise of 57.13% to its current value. Analysts have been projecting 8 as a low price target for the stock while placing it at a high target of 18.5. It follows that stock’s current price would drop -40.85% in reaching the projected high whereas dropping to the targeted low would mean a loss of -40.85% for stock’s current value.
Mercer International Inc. (MERC) estimates and forecasts
Statistics highlight that Mercer International Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -42.80% of value to its shares in past 6 months, showing an annual growth rate of 63.38% while that of industry is -12.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
In 2024, company’s earnings growth rate is likely to be around 84.32% while estimates for its earnings growth in next 5 years are of 5.73%.
MERC Dividends
Mercer International Inc. is more likely to be releasing its next quarterly report on 2024-Oct-31 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. With an annual yield of 5.28%, the share has a forward dividend of 0.30 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 3.4%.
Mercer International Inc. (NASDAQ:MERC)’s Major holders
Insiders are in possession of 37.89% of company’s total shares while institution are holding 58.00 percent of that, with stock having share float percentage of 93.37%. Investors also watch the number of corporate investors in a company very closely, which is 58.00% institutions for Mercer International Inc. that are currently holding shares of the company. IAT REINSURANCE CO LTD. is the top institutional holder at MERC for having 16.48 million shares of worth $140.74 million. And as of 2024-06-30, it was holding 24.7292 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 4.72 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.0889 of outstanding shares, having a total worth of $40.34 million.
On the other hand, iShares Core S&P Smallcap ETF and DFA U.S. Small Cap Value Series are the top two Mutual Funds which own company’s shares. As of Jul 31, 2024 , the former fund manager was holding 2.99 shares of worth $16.99 million or 4.47% of the total outstanding shares. The later fund manager was in possession of 817.93 shares on Apr 30, 2024 , making its stake of worth around $4.65 million in the company or a holder of 1.22% of company’s stock.
