Marinus Pharmaceuticals Inc (NASDAQ:MRNS)’s traded shares stood at 10.04 million during the latest session, with the company’s beta value hitting 1.15. At the last check today, the stock’s price was $0.34, to imply a decrease of -79.88% or -$1.35 in intraday trading. The MRNS share’s 52-week high remains $11.26, putting it -3211.76% down since that peak but still an impressive -208.82% since price per share fell to its 52-week low of $1.05. The company has a valuation of $18.73M, with an average of 0.5 million shares in intraday trading volume over the past 10 days and average of 522.64K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Marinus Pharmaceuticals Inc (MRNS), translating to a mean rating of 1.36. Of 2 analyst(s) looking at the stock, 0 analyst(s) give MRNS a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 1 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 -0.41.
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Marinus Pharmaceuticals Inc (NASDAQ:MRNS) trade information
After registering a -79.88% downside in the latest session, Marinus Pharmaceuticals Inc (MRNS) has traded red over the past five days. The 5-day price performance for the stock is -80.46%, and -80.46% over 30 days. With these gigs, the year-to-date price performance is -96.87%. Short interest in Marinus Pharmaceuticals Inc (NASDAQ:MRNS) saw shorts transact 3.22 million shares and set a 4.95 days time to cover.
The extremes give us $2 and $6 for target low and target high price respectively. As such, MRNS has been trading -1664.71% off suggested target high and -488.24% from its likely low.
Marinus Pharmaceuticals Inc (MRNS) estimates and forecasts
Looking at statistics comparing Marinus Pharmaceuticals Inc share performance against respective industry, we note that the company has outperformed competitors. Marinus Pharmaceuticals Inc (MRNS) shares are -76.06% down over the last 6 months, with its year-to-date growth rate higher than industry average at 22.81% against 17.60%. Revenue is forecast to grow 32.80% this quarter before jumping 63.50% for the next one. The rating firms project that company’s revenue will grow 17.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 11 analysts is 9.35M. Meanwhile, for the current quarter, a total of 11 analyst(s) estimate revenue growth to 11.36M.Earnings reports from the last fiscal year show that sales brought in 7.34M and 7.19M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 27.40% before jumping 58.00% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 6.04% for the past 5-year period. While 2024 is set for a 26.98% return in earnings, projections for the next 5 years are at 20.00% annually.
MRNS Dividends
Marinus Pharmaceuticals Inc has its next earnings report out in November. 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.
Marinus Pharmaceuticals Inc (NASDAQ:MRNS)’s Major holders
Marinus Pharmaceuticals Inc insiders hold 0.96% of total outstanding shares, with institutional holders owning 79.02% of the shares at 79.78% float percentage. In total, 79.02% institutions holds shares in the company, led by TANG CAPITAL MANAGEMENT LLC. As of 2024-06-30, the company held over 4.8 million shares (or 8.443% of shares), all amounting to roughly $5.62 million.
The next major institution holding the largest number of shares is SOFINNOVA INVESTMENTS, INC. with 4.15 million shares, or about 7.3025% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $4.86 million.
We also have Vanguard Total Stock Market Index Fund and Franklin Strategic Series-Franklin Biotechnology Discove as the top two Mutual Funds with the largest holdings of the Marinus Pharmaceuticals Inc (MRNS) shares. Going by data provided on Jun 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 1.73 shares. This is just over 3.14% of the total shares, with a market valuation of $0.6 million. Data from the same date shows that the other fund manager holds a little less at 1.2, or 2.18% of the shares, all valued at about 0.42 million.
