Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
After finishing at $2.30 in the prior trading day, Mersana Therapeutics Inc (NASDAQ: MRSN) closed at $2.15, down -6.52%. In other words, the price has decreased by -$6.52 from its previous closing price. On the day, 0.89 million shares were traded. MRSN stock price reached its highest trading level at $2.31 during the session, while it also had its lowest trading level at $2.065.
Ratios:
Our goal is to gain a better understanding of MRSN by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.35 and its Current Ratio is at 2.35. In the meantime, Its Debt-to-Equity ratio is 30.00 whereas as Long-Term Debt/Eq ratio is at 15.51.
On March 19, 2024, JP Morgan Upgraded its rating to Neutral which previously was Underweight but kept the price unchanged to $5.
Wedbush Upgraded its Neutral to Outperform on February 29, 2024, whereas the target price for the stock was revised from $2 to $7.
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 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 265595968. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.13 while its Price-to-Book (P/B) ratio in mrq is 251.76.
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 $1.22. The 50-Day Moving Average of the stock is -0.91%, while the 200-Day Moving Average is calculated to be -16.20%.
Shares Statistics:
The stock has traded on average 1.07M shares per day over the past 3-months and 966910 shares per day over the last 10 days, according to various share statistics. A total of 122.87M shares are outstanding, with a floating share count of 86.56M. Insiders hold about 29.93% of the company’s shares, while institutions hold 66.09% stake in the company. Shares short for MRSN as of 1732838400 were 8752309 with a Short Ratio of 8.18, compared to 1730332800 on 9872200. Therefore, it implies a Short% of Shares Outstanding of 8752309 and a Short% of Float of 9.3.
