Mercer International Inc. (NASDAQ:MERC)’s traded shares stood at 0.62 million during the last session, with the company’s beta value hitting 1.34. At the close of trading, the stock’s price was $6.74, to imply an increase of 5.15% or $0.33 in intraday trading. The MERC share’s 52-week high remains $11.20, putting it -66.17% down since that peak but still an impressive 20.92% since price per share fell to its 52-week low of $5.33. The company has a valuation of $450.70M, with an average of 0.72 million shares in intraday trading volume over the past 10 days and average of 351.05K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Mercer International Inc. (MERC), translating to a mean rating of 3.00. Of 6 analyst(s) looking at the stock, 0 analyst(s) give MERC a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 3 recommend it as a Buy.
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Mercer International Inc. (NASDAQ:MERC) trade information
After registering a 5.15% upside in the last session, Mercer International Inc. (MERC) has traded red over the past five days. The 5-day price performance for the stock is 18.66%, and 7.15% over 30 days. With these gigs, the year-to-date price performance is -28.90%. Short interest in Mercer International Inc. (NASDAQ:MERC) saw shorts transact 1.66 million shares and set a 4.94 days time to cover.
The extremes give us $8 and $18.5 for target low and target high price respectively. As such, MERC has been trading -174.48% off suggested target high and -18.69% from its likely low.
Mercer International Inc. (MERC) estimates and forecasts
Looking at statistics comparing Mercer International Inc. share performance against respective industry, we note that the company has outperformed competitors. Mercer International Inc. (MERC) shares are -26.66% down over the last 6 months, with its year-to-date growth rate higher than industry average at 63.38% against -12.30%.
MERC Dividends
Mercer International Inc. has its next earnings report out on 2024-Oct-31. 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. Mercer International Inc. has a forward dividend ratio of 0.30, with the share yield ticking at 4.45% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 3.4%.
Mercer International Inc. (NASDAQ:MERC)’s Major holders
Mercer International Inc. insiders hold 37.92% of total outstanding shares, with institutional holders owning 58.02% of the shares at 93.46% float percentage. In total, 58.02% institutions holds shares in the company, led by IAT REINSURANCE CO LTD.. As of 2024-06-30, the company held over 16.48 million shares (or 24.7292% of shares), all amounting to roughly $140.74 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 4.72 million shares, or about 7.0889% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $40.34 million.
