For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
The closing price of Mersana Therapeutics Inc (NASDAQ: MRSN) was $1.39 for the day, down -0.71% from the previous closing price of $1.40. In other words, the price has decreased by -$0.71 from its previous closing price. On the day, 2.64 million shares were traded. MRSN stock price reached its highest trading level at $1.455 during the session, while it also had its lowest trading level at $1.375.
Ratios:
Our analysis of MRSN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.35 and its Current Ratio is at 2.35. In the meantime, Its Debt-to-Equity ratio is 30.00 whereas as Long-Term Debt/Eq ratio is at 15.51.
On March 19, 2024, JP Morgan Upgraded its rating to Neutral which previously was Underweight but kept the price unchanged to $5.
Wedbush Upgraded its Neutral to Outperform on February 29, 2024, whereas the target price for the stock was revised from $2 to $7.
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 Oct 28 ’24 when Bala Mohan sold 1,884 shares for $1.90 per share. The transaction valued at 3,580 led to the insider holds 54,731 shares of the business.
Bala, Mohan bought 1,884 shares of MRSN for $3,843 on Oct 28 ’24. On Oct 02 ’24, another insider, DeSchuytner Brian, who serves as the SVP, COO & CFO of the company, sold 8,089 shares for $2.00 each. As a result, the insider received 16,178 and left with 100,422 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, MRSN now has a Market Capitalization of 171710864. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.89 while its Price-to-Book (P/B) ratio in mrq is 162.76.
Stock Price History:
Over the past 52 weeks, MRSN has reached a high of $6.28, while it has fallen to a 52-week low of $1.22. The 50-Day Moving Average of the stock is -32.43%, while the 200-Day Moving Average is calculated to be -39.85%.
Shares Statistics:
MRSN traded an average of 1.19M shares per day over the past three months and 1792290 shares per day over the past ten days. A total of 122.87M shares are outstanding, with a floating share count of 86.56M. Insiders hold about 29.93% of the company’s shares, while institutions hold 59.60% stake in the company. Shares short for MRSN as of 1734048000 were 8910106 with a Short Ratio of 7.49, compared to 1731628800 on 9415302. Therefore, it implies a Short% of Shares Outstanding of 8910106 and a Short% of Float of 9.46.
