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As of close of business last night, Mersana Therapeutics Inc’s stock clocked out at $2.63, up 19.55% from its previous closing price of $2.20. In other words, the price has increased by $19.55 from its previous closing price. On the day, 2.88 million shares were traded. MRSN stock price reached its highest trading level at $2.826 during the session, while it also had its lowest trading level at $2.52.
Ratios:
To gain a deeper understanding of MRSN’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.72 and its Current Ratio is at 2.72. In the meantime, Its Debt-to-Equity ratio is 3.83 whereas as Long-Term Debt/Eq ratio is at 2.41.
On February 29, 2024, Wedbush Upgraded its rating to Outperform which previously was Neutral and also upped its target price recommendation from $2 to $7.
Guggenheim Upgraded its Neutral to Buy on February 29, 2024, while the target price for the stock was maintained at $7.
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 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 322635264 and an Enterprise Value of 140076112. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.78 while its Price-to-Book (P/B) ratio in mrq is 38.29. Its current Enterprise Value per Revenue stands at 4.679 whereas that against EBITDA is -1.381.
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 $1.15. The 50-Day Moving Average of the stock is 31.91%, while the 200-Day Moving Average is calculated to be -3.79%.
Shares Statistics:
It appears that MRSN traded 1.05M shares on average per day over the past three months and 1469310 shares per day over the past ten days. A total of 120.71M shares are outstanding, with a floating share count of 90.06M. Insiders hold about 26.59% of the company’s shares, while institutions hold 67.88% stake in the company. Shares short for MRSN as of 1730332800 were 9872200 with a Short Ratio of 9.36, compared to 1727654400 on 9531634. Therefore, it implies a Short% of Shares Outstanding of 9872200 and a Short% of Float of 10.58.
