In the latest trading session, 0.52 million Mersana Therapeutics Inc (NASDAQ:MRSN) shares changed hands as the company’s beta touched 1.41. With the company’s most recent per share price at $2.31 changed hands at -$0.22 or -8.70% at last look, the market valuation stands at $283.38M. MRSN’s current price is a discount, trading about -171.86% off its 52-week high of $6.28. The share price had its 52-week low at $1.15, which suggests the last value was 50.22% up since then. When we look at Mersana Therapeutics Inc’s average trading volume, we note the 10-day average is 1.35 million shares, with the 3-month average coming to 1.04 million.
Analysts gave the Mersana Therapeutics Inc (MRSN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.40. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended MRSN as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Mersana Therapeutics Inc’s EPS for the current quarter is expected to be -0.17.
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Mersana Therapeutics Inc (NASDAQ:MRSN) trade information
Instantly MRSN was in red as seen in intraday trades today. With action 14.93%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -0.43%, with the 5-day performance at 14.93% in the green. However, in the 30-day time frame, Mersana Therapeutics Inc (NASDAQ:MRSN) is 12.14% up. Looking at the short shares, we see there were 9.97 million shares sold at short interest cover period of 9.74 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3, meaning bulls need an upside of 23.0% from its recent market value. According to analyst projections, MRSN’s forecast low is 3 with 3 as the target high. To hit the forecast high, the stock’s price needs a -29.87% plunge from its current level, while the stock would need to soar -29.87% for it to hit the projected low.
Mersana Therapeutics Inc (MRSN) estimates and forecasts
Data shows that the Mersana Therapeutics Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -11.49% over the past 6 months, a 52.03% in annual growth rate that is considerably higher than the industry average of 17.10%. Year-over-year growth is forecast to reach -31.20% down from the last financial year.
Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of 7.53M. 10 analysts are of the opinion that Mersana Therapeutics Inc’s revenue for the current quarter will be 6.32M. The company’s revenue for the corresponding quarters a year ago was 7.7M and 10.7M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -2.20%. The estimates for the next quarter sales put growth at -40.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 11.93%. The 2024 estimates are for Mersana Therapeutics Inc earnings to increase by 53.15%.
MRSN Dividends
Mersana Therapeutics Inc is expected to release its next quarterly earnings report on 2024-Nov-13.
Mersana Therapeutics Inc (NASDAQ:MRSN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.27% of Mersana Therapeutics Inc shares while 93.98% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 95.18%. There are 93.98% institutions holding the Mersana Therapeutics Inc stock share, with ECOR1 CAPITAL, LLC the top institutional holder. As of 2024-06-30, the company held 15.9479% of the shares, roughly 19.36 million MRSN shares worth $38.92 million.
VR ADVISER, LLC holds the second largest percentage of outstanding shares, with 9.3292% or 11.33 million shares worth $22.77 million as of 2024-06-30.
