The closing price of Merus N.V (NASDAQ: MRUS) was $45.95 for the day, down -3.71% from the previous closing price of $47.72. In other words, the price has decreased by -$1.77 from its previous closing price. On the day, 937268 shares were traded.
Ratios:
Our analysis of MRUS’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 5.34 and its Current Ratio is at 5.34. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.03.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Needham on March 04, 2024, Reiterated its Buy rating but revised its target price to $65 from $42 previously.
On November 02, 2023, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $45.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 19 ’23 when Shuman Harry sold 115 shares for $26.68 per share. The transaction valued at 3,068 led to the insider holds 7,002 shares of the business.
Silverman Peter B. sold 22,386 shares of MRUS for $559,650 on Dec 15 ’23. The COO & GC now owns 0 shares after completing the transaction at $25.00 per share. On Dec 08 ’23, another insider, Shuman Harry, who serves as the VP Controller, PAO of the company, sold 250 shares for $24.44 each. As a result, the insider received 6,110 and left with 7,117 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MRUS now has a Market Capitalization of 2.68B and an Enterprise Value of 2.34B. For the stock, the TTM Price-to-Sale (P/S) ratio is 60.51 while its Price-to-Book (P/B) ratio in mrq is 7.46. Its current Enterprise Value per Revenue stands at 53.19 whereas that against EBITDA is -15.18.
Stock Price History:
Over the past 52 weeks, MRUS has reached a high of $52.03, while it has fallen to a 52-week low of $17.15. The 50-Day Moving Average of the stock is 39.21, while the 200-Day Moving Average is calculated to be 27.70.
Shares Statistics:
MRUS traded an average of 567.57K shares per day over the past three months and 779.86k shares per day over the past ten days. A total of 57.83M shares are outstanding, with a floating share count of 43.20M. Insiders hold about 25.36% of the company’s shares, while institutions hold 71.35% stake in the company. Shares short for MRUS as of Feb 29, 2024 were 4.46M with a Short Ratio of 7.85, compared to 4.64M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.70% and a Short% of Float of 7.73%.
Earnings Estimates
The firm’s stock currently is rated by 11 analysts. On average, analysts expect EPS of -$0.78 for the current quarter, with a high estimate of -$0.61 and a low estimate of -$0.94, while EPS last year was -$0.86. The consensus estimate for the next quarter is -$0.81, with high estimates of -$0.67 and low estimates of -$0.96.
Analysts are recommending an EPS of between -$2.65 and -$3.68 for the fiscal current year, implying an average EPS of -$3.27. EPS for the following year is -$3.49, with 11 analysts recommending between -$2.6 and -$4.2.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 10 analysts. It ranges from a high estimate of $13.33M to a low estimate of $3M. As of the current estimate, Merus N.V’s year-ago sales were $13.5M, an estimated decrease of -32.10% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $8.74M, a decrease of -16.60% over than the figure of -$32.10% in the same quarter last year. There is a high estimate of $13.04M for the next quarter, whereas the lowest estimate is $3M.
A total of 11 analysts have provided revenue estimates for MRUS’s current fiscal year. The highest revenue estimate was $53.07M, while the lowest revenue estimate was $10M, resulting in an average revenue estimate of $37.18M. In the same quarter a year ago, actual revenue was $43.95M, down -15.40% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $53.99M in the next fiscal year. The high estimate is $102M and the low estimate is $25M. The average revenue growth estimate for next year is up 45.20% from the average revenue estimate for this year.
