Market Watch Highlights: Merus N.V (MRUS) Ends on an Downturn Note at 52.94

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As of close of business last night, Merus N.V’s stock clocked out at $52.94, down -0.56% from its previous closing price of $53.24. In other words, the price has decreased by -$0.56 from its previous closing price. On the day, 2.39 million shares were traded. MRUS stock price reached its highest trading level at $55.74 during the session, while it also had its lowest trading level at $52.09.

Ratios:

To gain a deeper understanding of MRUS’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.23 and its Current Ratio is at 5.23. 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, Truist on March 28, 2024, initiated with a Buy rating and assigned the stock a target price of $69.

On March 04, 2024, Needham reiterated its Buy rating and also lowered its target price recommendation from $42 to $65.

On November 02, 2023, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $45.Canaccord Genuity initiated its Buy rating on November 02, 2023, with a $45 target price.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 3566567680 and an Enterprise Value of 2780950016. For the stock, the TTM Price-to-Sale (P/S) ratio is 81.04 while its Price-to-Book (P/B) ratio in mrq is 8.89. Its current Enterprise Value per Revenue stands at 72.54 whereas that against EBITDA is -16.952.

Stock Price History:

Over the past 52 weeks, MRUS has reached a high of $61.61, while it has fallen to a 52-week low of $19.81. The 50-Day Moving Average of the stock is 16.58%, while the 200-Day Moving Average is calculated to be 58.50%.

Shares Statistics:

It appears that MRUS traded 877.20K shares on average per day over the past three months and 2267910 shares per day over the past ten days. A total of 57.83M shares are outstanding, with a floating share count of 44.86M. Insiders hold about 23.57% of the company’s shares, while institutions hold 74.22% stake in the company. Shares short for MRUS as of 1715731200 were 3482923 with a Short Ratio of 3.97, compared to 1713139200 on 3290345. Therefore, it implies a Short% of Shares Outstanding of 3482923 and a Short% of Float of 5.9699997.

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