Merus N.V (MRUS)’s Market Momentum: Closing Strong at 53.33, Up 0.81

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As of close of business last night, Merus N.V’s stock clocked out at $53.33, up 0.81% from its previous closing price of $52.90. In other words, the price has increased by $0.81 from its previous closing price. On the day, 0.68 million shares were traded. MRUS stock price reached its highest trading level at $53.52 during the session, while it also had its lowest trading level at $51.72.

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 Jun 04 ’24 when Shuman Harry sold 6,000 shares for $52.89 per share. The transaction valued at 317,354 led to the insider holds 7,002 shares of the business.

Shuman Harry sold 115 shares of MRUS for $3,068 on Dec 19 ’23. The VP Controller, PAO now owns 7,002 shares after completing the transaction at $26.68 per share. On Dec 15 ’23, another insider, Silverman Peter B., who serves as the COO & GC of the company, sold 22,386 shares for $25.00 each. As a result, the insider received 559,650 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, MRUS now has a Market Capitalization of 3592842240 and an Enterprise Value of 2803838208. For the stock, the TTM Price-to-Sale (P/S) ratio is 92.14 while its Price-to-Book (P/B) ratio in mrq is 8.96. Its current Enterprise Value per Revenue stands at 73.137 whereas that against EBITDA is -17.092.

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 15.65%, while the 200-Day Moving Average is calculated to be 56.00%.

Shares Statistics:

It appears that MRUS traded 923.90K shares on average per day over the past three months and 1775900 shares per day over the past ten days. A total of 57.83M shares are outstanding, with a floating share count of 50.63M. Insiders hold about 23.57% of the company’s shares, while institutions hold 65.76% stake in the company. Shares short for MRUS as of 1715731200 were 3482923 with a Short Ratio of 3.77, 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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