After finishing at $44.01 in the prior trading day, Merus N.V (NASDAQ: MRUS) closed at $42.85, down -2.64%. In other words, the price has decreased by -$1.16 from its previous closing price. On the day, 767092 shares were traded.
Ratios:
Our goal is to gain a better understanding of MRUS by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.34 and its Current Ratio is at 5.34. 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:
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 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 2.57B and an Enterprise Value of 2.22B. For the stock, the TTM Price-to-Sale (P/S) ratio is 56.43 while its Price-to-Book (P/B) ratio in mrq is 6.95. Its current Enterprise Value per Revenue stands at 50.63 whereas that against EBITDA is -14.45.
Stock Price History:
Over the past 52 weeks, MRUS has reached a high of $52.03, while it has fallen to a 52-week low of $17.87. The 50-Day Moving Average of the stock is 44.07, while the 200-Day Moving Average is calculated to be 29.69.
Shares Statistics:
The stock has traded on average 575.62K shares per day over the past 3-months and 474.1k shares per day over the last 10 days, according to various share statistics. A total of 57.83M shares are outstanding, with a floating share count of 43.20M. Insiders hold about 25.36% of the company’s shares, while institutions hold 70.96% stake in the company. Shares short for MRUS as of Mar 15, 2024 were 4.1M with a Short Ratio of 7.12, compared to 4.75M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.03% and a Short% of Float of 7.05%.
Earnings Estimates
Its stock is currently analyzed by 12 different market analysts. On average, analysts expect EPS of -$0.81 for the current quarter, with a high estimate of -$0.61 and a low estimate of -$1.09, while EPS last year was -$0.86. The consensus estimate for the next quarter is -$0.84, with high estimates of -$0.67 and low estimates of -$1.25.
Analysts are recommending an EPS of between -$2.65 and -$3.68 for the fiscal current year, implying an average EPS of -$3.23. EPS for the following year is -$3.29, with 12 analysts recommending between -$2.2 and -$3.78.
Revenue Estimates
10 analysts predict $9.75M in revenue for the current quarter. It ranges from a high estimate of $13.33M to a low estimate of $3M. As of the current estimate, Merus N.V’s year-ago sales were $13.5M, an estimated decrease of -27.80% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $9.32M, a decrease of -11.00% over than the figure of -$27.80% in the same quarter last year. There is a high estimate of $13.04M for the next quarter, whereas the lowest estimate is $3M.
A total of 13 analysts have provided revenue estimates for MRUS’s current fiscal year. The highest revenue estimate was $60.59M, while the lowest revenue estimate was $10M, resulting in an average revenue estimate of $41.39M. In the same quarter a year ago, actual revenue was $43.95M, down -5.80% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $65.03M in the next fiscal year. The high estimate is $115.01M and the low estimate is $28.17M. The average revenue growth estimate for next year is up 57.10% from the average revenue estimate for this year.
