Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $50.09 in the prior trading day, Mercury General Corp (NYSE: MCY) closed at $47.69, down -4.79%. In other words, the price has decreased by -$4.79 from its previous closing price. On the day, 1.68 million shares were traded. MCY stock price reached its highest trading level at $51.5 during the session, while it also had its lowest trading level at $46.855.
Ratios:
Our goal is to gain a better understanding of MCY by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.32 whereas as Long-Term Debt/Eq ratio is at 0.32.
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 the company, Raymond James on July 07, 2023, Downgraded its rating to Outperform and sets its target price to $33 from $40 previously.
On November 04, 2022, Raymond James Upgraded its rating to Strong Buy which previously was Underperform but kept the price unchanged to $45.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 07 ’25 when Ribisi Mark Allan bought 55 shares for $64.71 per share. The transaction valued at 3,559 led to the insider holds 680 shares of the business.
THE TIRADOR LIVINGTRUST bought 12,500 shares of MCY for $976,435 on Dec 05 ’24. On Dec 03 ’24, another insider, Sullivan Heidi C., who serves as the VP/Chief Human Capital Officer of the company, sold 1,076 shares for $77.28 each. As a result, the insider received 83,153 and left with 0 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, MCY now has a Market Capitalization of 2640647680 and an Enterprise Value of 2323752960. As of this moment, Mercury’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.73, and their Forward P/E ratio for the next fiscal year is 13.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.48 while its Price-to-Book (P/B) ratio in mrq is 1.42. Its current Enterprise Value per Revenue stands at 0.424 whereas that against EBITDA is 2.929.
Stock Price History:
The Beta on a monthly basis for MCY is 0.87, which has changed by 0.14584339 over the last 52 weeks, in comparison to a change of 0.24359846 over the same period for the S&P500. Over the past 52 weeks, MCY has reached a high of $80.72, while it has fallen to a 52-week low of $37.89. The 50-Day Moving Average of the stock is -30.38%, while the 200-Day Moving Average is calculated to be -21.98%.
Shares Statistics:
The stock has traded on average 453.16K shares per day over the past 3-months and 1519240 shares per day over the last 10 days, according to various share statistics. A total of 55.37M shares are outstanding, with a floating share count of 26.55M. Insiders hold about 52.04% of the company’s shares, while institutions hold 42.98% stake in the company. Shares short for MCY as of 1735603200 were 964133 with a Short Ratio of 2.13, compared to 1732838400 on 803027. Therefore, it implies a Short% of Shares Outstanding of 964133 and a Short% of Float of 4.6.
Dividends & Splits
In the trailing 12 months, MCY’s forward annual dividend rate was 1.27, compared to 1.27 this year. Against a Trailing Annual Dividend Yield of 0.025354361The stock’s 5-year Average Dividend Yield is 4.58. The current Payout Ratio is 73.00% for MCY, which recently paid a dividend on 2024-12-12 with an ex-dividend date of 1733961600. Stock splits for the company last occurred on 1997-10-10 when the company split stock in a 2:1 ratio.
