During the recent session, Marinus Pharmaceuticals Inc (NASDAQ:MRNS)’s traded shares were 0.4 million, with the beta value of the company hitting 1.25. The 52-week high for the MRNS share is $11.26, that puts it down -3418.75 from that peak though still a striking 18.75% gain since the share price plummeted to a 52-week low of $0.26. The company’s market capitalization is $17.90M, and the average intraday trading volume over the past 10 days was 1.16 million shares, and the average trade volume was 2.47 million shares over the past three months.
Marinus Pharmaceuticals Inc (MRNS) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.40. MRNS has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.28.
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Marinus Pharmaceuticals Inc (NASDAQ:MRNS) trade information
Marinus Pharmaceuticals Inc (MRNS) registered a 0.62% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.62% in intraday trading to $0.32, hitting a weekly high. The stock’s 5-day price performance is 7.46%, and it has moved by 9.56% in 30 days. Based on these gigs, the overall price performance for the year is -94.67%. The short interest in Marinus Pharmaceuticals Inc (NASDAQ:MRNS) is 5.66 million shares and it means that shorts have 1.09 day(s) to cover.
The consensus price target of analysts on Wall Street is $3, which implies an increase of 89.33% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2 and $6 respectively. As a result, MRNS is trading at a discount of -1775.0% off the target high and -525.0% off the low.
Marinus Pharmaceuticals Inc (MRNS) estimates and forecasts
Statistics show that Marinus Pharmaceuticals Inc has outperformed its competitors in share price, compared to the industry in which it operates. Marinus Pharmaceuticals Inc (MRNS) shares have gone down -76.50% during the last six months, with a year-to-date growth rate more than the industry average at 22.81% against 16.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 65.57% this quarter and then jump 68.63% in the quarter after that. In the rating firms’ projections, revenue will increase 12.86% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 10.51M as predicted by 9 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 10.33M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 7.19M and 7.68M respectively. In this case, analysts expect current quarter sales to grow by 46.16% and then jump by 34.49% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 6.04%. While earnings are projected to return 23.04% in 2024, the next five years will return 20.00% per annum.
MRNS Dividends
Marinus Pharmaceuticals Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Marinus Pharmaceuticals Inc (NASDAQ:MRNS)’s Major holders
Marinus Pharmaceuticals Inc insiders own 10.94% of total outstanding shares while institutional holders control 83.04%, with the float percentage being 93.24%. TANG CAPITAL MANAGEMENT LLC is the largest shareholder of the company, while 108.0 institutions own stock in it. As of 2024-06-30, the company held over 4.8 million shares (or 8.443% of all shares), a total value of $5.62 million in shares.
The next largest institutional holding, with 4.15 million shares, is of SOFINNOVA INVESTMENTS, INC.’s that is approximately 7.3025% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $4.86 million.
Also, the Mutual Funds coming in first place with the largest holdings of Marinus Pharmaceuticals Inc (MRNS) shares are Vanguard Total Stock Market Index Fund and Franklin Strategic Series-Franklin Biotechnology Discove. Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 1.73 shares. This amounts to just over 3.14 percent of the company’s overall shares, with a $0.55 million market value. The same data shows that the other fund manager holds slightly less at 1.2, or about 2.18% of the stock, which is worth about $0.38 million.
