In last trading session, Marinus Pharmaceuticals Inc (NASDAQ:MRNS) saw 1.39 million shares changing hands with its beta currently measuring 1.25. Company’s recent per share price level of $0.33 trading at $0.01 or 3.33% at ring of the bell on the day assigns it a market valuation of $18.44M. That closing price of MRNS’s stock is at a discount of -3312.12% from its 52-week high price of $11.26 and is indicating a premium of 21.21% from its 52-week low price of $0.26. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 11.93 million shares which gives us an average trading volume of 2.29 million if we extend that period to 3-months.
For Marinus Pharmaceuticals Inc (MRNS), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.40. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.41 in the current quarter.
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Marinus Pharmaceuticals Inc (NASDAQ:MRNS) trade information
Upright in the green during last session for gaining 3.33%, in the last five days MRNS remained trading in the green while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $0.33 price level, adding 4.43% to its value on the day. Marinus Pharmaceuticals Inc’s shares saw a change of -96.92% in year-to-date performance and have moved 4.92% in past 5-day. Marinus Pharmaceuticals Inc (NASDAQ:MRNS) showed a performance of -80.75% in past 30-days. Number of shares sold short was 3.49 million shares which calculate 4.89 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 3 to the stock, which implies a rise of 89.0% to its current value. Analysts have been projecting 2 as a low price target for the stock while placing it at a high target of 6. It follows that stock’s current price would drop -506.06% in reaching the projected high whereas dropping to the targeted low would mean a loss of -506.06% for stock’s current value.
Marinus Pharmaceuticals Inc (MRNS) estimates and forecasts
Statistics highlight that Marinus Pharmaceuticals Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -76.58% of value to its shares in past 6 months, showing an annual growth rate of 22.81% while that of industry is 18.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 18.40% from the last financial year’s standing.
10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 9.42M for the same. And 10 analysts are in estimates of company making revenue of 11.53M in the next quarter. Company posted 7.34M and 7.19M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 6.04% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 26.21% while estimates for its earnings growth in next 5 years are of 20.00%.
Marinus Pharmaceuticals Inc (NASDAQ:MRNS)’s Major holders
Insiders are in possession of 10.94% of company’s total shares while institution are holding 85.44 percent of that, with stock having share float percentage of 95.93%. Investors also watch the number of corporate investors in a company very closely, which is 85.44% institutions for Marinus Pharmaceuticals Inc that are currently holding shares of the company. TANG CAPITAL MANAGEMENT LLC is the top institutional holder at MRNS for having 4.8 million shares of worth $5.62 million. And as of 2024-06-30, it was holding 8.443 of the company’s outstanding shares.
The second largest institutional holder is SOFINNOVA INVESTMENTS, INC., which was holding about 4.15 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.3025 of outstanding shares, having a total worth of $4.86 million.
