In the last trading session, 1.09 million shares of the Mercer International Inc. (NASDAQ:MERC) were traded, and its beta was 1.35. Most recently the company’s share price was $6.44, and it changed around $0.06 or 0.94% from the last close, which brings the market valuation of the company to $430.64M. MERC currently trades at a discount to its 52-week high of $11.20, offering almost -73.91% off that amount. The share price’s 52-week low was $5.33, which indicates that the current value has risen by an impressive 17.24% since then. We note from Mercer International Inc.’s average daily trading volume that its 10-day average is 0.82 million shares, with the 3-month average coming to 363.99K.
Mercer International Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended MERC as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Mercer International Inc. is expected to report earnings per share of 0.08 for the current quarter.
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Mercer International Inc. (NASDAQ:MERC) trade information
Instantly MERC has showed a green trend with a performance of 0.94% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 6.74 on recent trading dayincreased the stock’s daily price by 4.45%. The company’s shares are currently down -32.07% year-to-date, but still up 4.97% over the last five days. On the other hand, Mercer International Inc. (NASDAQ:MERC) is 3.87% up in the 30-day period. We can see from the shorts that 1.66 million shares have been sold at a short interest cover period of 4.94 day(s).
The consensus price target as assigned by Wall Street analysts is $13.25, which translates to bulls needing to increase their stock price by 51.4% from its current value. Analyst projections state that MERC is forecast to be at a low of $8 and a high of $18.5.
Mercer International Inc. (MERC) estimates and forecasts
Mercer International Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -29.46 percent over the past six months and at a 63.38% annual growth rate that is well above the industry average of -12.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 120.50% in revenue this quarter, and will report an increase of 116.30% in the next quarter. The year-over-year growth rate is expected to be 5.30%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 481.5M in revenue for the current quarter. 2 analysts expect Mercer International Inc. to make 501M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 6.50%.
Mercer International Inc. earnings are expected to increase by 84.32% in 2024, but the outlook is positive 5.73% per year for the next five years.
MERC Dividends
Mercer International Inc.’s next quarterly earnings report is expected to be released in October. The annual dividend yield of the stock is 4.66 percent and its annual dividend per share was 0.30. It is important to note, however, that the 4.66% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 3.4 per year.
Mercer International Inc. (NASDAQ:MERC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 37.92% of Mercer International Inc. shares, and 58.02% of them are in the hands of institutional investors. The stock currently has a share float of 93.46%. Mercer International Inc. stock is held by 190.0 institutions, with IAT REINSURANCE CO LTD. being the largest institutional investor. By 2024-06-30, it held 24.7292% of the shares, which is about 16.48 million shares worth $140.74 million.
BLACKROCK INC., with 7.0889% or 4.72 million shares worth $40.34 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
