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The closing price of Mersana Therapeutics Inc (NASDAQ: MRSN) was $2.05 for the day, down -2.38% from the previous closing price of $2.10. In other words, the price has decreased by -$2.38 from its previous closing price. On the day, 0.61 million shares were traded. MRSN stock price reached its highest trading level at $2.1101 during the session, while it also had its lowest trading level at $1.935.
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 2.72 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:
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 02 ’24 when DeSchuytner Brian sold 8,089 shares for $2.00 per share. The transaction valued at 16,178 led to the insider holds 100,422 shares of the business.
DeSchuytner Brian sold 5,598 shares of MRSN for $10,972 on Oct 03 ’24. The SVP, COO & CFO now owns 94,824 shares after completing the transaction at $1.96 per share. On Oct 02 ’24, another insider, Carvajal Alejandra, who serves as the SVP, Chief Legal Officer of the company, sold 8,089 shares for $2.00 each. As a result, the insider received 16,178 and left with 69,314 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 251483744 and an Enterprise Value of 121674856. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.40 while its Price-to-Book (P/B) ratio in mrq is 29.84. Its current Enterprise Value per Revenue stands at 4.064 whereas that against EBITDA is -1.2.
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 $1.07. The 50-Day Moving Average of the stock is 15.64%, while the 200-Day Moving Average is calculated to be -26.92%.
Shares Statistics:
MRSN traded an average of 1.08M shares per day over the past three months and 545850 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 67.52% stake in the company. Shares short for MRSN as of 1727654400 were 9531634 with a Short Ratio of 8.81, compared to 1724976000 on 10284678. Therefore, it implies a Short% of Shares Outstanding of 9531634 and a Short% of Float of 10.22.
