Mersana Therapeutics Inc (NASDAQ:MRSN) has a beta value of 1.34 and has seen 0.41 million shares traded in the recent trading session. The company, currently valued at $276.01M, closed the recent trade at $2.25 per share which meant it gained $0.24 on the day or 11.94% during that session. The MRSN stock price is -179.11% off its 52-week high price of $6.28 and 48.89% above the 52-week low of $1.15. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.4 million shares traded. The 3-month trading volume is 909.65K shares.
The consensus among analysts is that Mersana Therapeutics Inc (MRSN) is Buy stock at the moment, with a recommendation rating of 1.40. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 5 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.17.
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Mersana Therapeutics Inc (NASDAQ:MRSN) trade information
Sporting 11.94% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the MRSN stock price touched $2.25 or saw a fall of -1.81%. Year-to-date, Mersana Therapeutics Inc shares have moved -3.02%, while the 5-day performance has seen it change 20.32%. Over the past 30 days, the shares of Mersana Therapeutics Inc (NASDAQ:MRSN) have changed 13.06%. Short interest in the company has seen 9.97 million shares shorted with days to cover at 9.74.
Wall Street analysts have a consensus price target for the stock at $3, which means that the shares’ value could jump 25.0% from the levels at last check today.. The projected low price target is $3.0 while the price target rests at a high of $3.0. In that case, then, we find that the latest price level in today’s session is -33.33% off the targeted high while a plunge would see the stock gain -33.33% from the levels at last check today..
Mersana Therapeutics Inc (MRSN) estimates and forecasts
Figures show that Mersana Therapeutics Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -33.83% over the past 6 months, with this year growth rate of 52.03%, compared to 17.00% for the industry. Revenue growth from the last financial year stood is estimated to be -31.20%.
10 analysts offering their estimates for the company have set an average revenue estimate of 7.53M for the current quarter. 10 have an estimated revenue figure of 6.32M for the next ending quarter. Year-ago sales stood 7.7M and 10.7M respectively for this quarter and the next, and analysts expect sales will shrink by -2.20% for the current quarter and -31.20% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 11.93% over the past 5 years.
MRSN Dividends
Mersana Therapeutics Inc is expected to release its next earnings report on 2024-Nov-07 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Mersana Therapeutics Inc (NASDAQ:MRSN)’s Major holders
Insiders own 1.27% of the company shares, while shares held by institutions stand at 93.63% with a share float percentage of 94.83%. Investors are also buoyed by the number of investors in a company, with Mersana Therapeutics Inc having a total of 155.0 institutions that hold shares in the company. The top two institutional holders are ECOR1 CAPITAL, LLC with over 19.36 million shares worth more than $38.92 million. As of 2024-06-30, ECOR1 CAPITAL, LLC held 15.9479% of shares outstanding.
The other major institutional holder is VR ADVISER, LLC, with the holding of over 11.33 million shares as of 2024-06-30. The firm’s total holdings are worth over $22.77 million and represent 9.3292% of shares outstanding.
