Mersana Therapeutics Inc. (NASDAQ:MRSN) price on Thursday, August 05, rose 12.95% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $12.12.
A look at the stock’s price movement, the close in the last trading session was $10.73, moving within a range at $10.55 and $12.24. The beta value (5-Year monthly) was 2.43. Turning to its 52-week performance, $29.09 and $10.34 were the 52-week high and 52-week low respectively. Overall, MRSN moved -6.55% over the past month.
Mersana Therapeutics Inc.’s market cap currently stands at around $853.85 million, with investors looking forward to this quarter’s earnings report slated for May 10, 2021. Analysts project the company’s earnings per share (EPS) to be -$0.5, which has seen fiscal year 2021 EPS growth forecast to increase to -$2 and about -$2.11 for fiscal year 2022. Per the data, EPS growth is expected to be -39.90% for 2021 and -5.50% for the next financial year.
The average forecast suggests down to a -82.40% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $490k, representing a -40.80% decline on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that MRSN is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 4 recommend MRSN as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
MRSN’s current price about 1.54% and -8.76% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.04, while 7-day volatility ratio is 7.63% and 5.04% in the 30-day chart. Further, Mersana Therapeutics Inc. (MRSN) has a beta value of 2.39, and an average true range (ATR) of 0.64. Analysts have given the company’s stock an average 52-week price target of $27.40, forecast between a low of $22.00 and high of $32.00. Looking at the price targets, the low is -81.52% off current price level while to achieve the yearly target high, price needs to move -164.03%. Nonetheless, investors will most likely welcome a -131.02% jump to $28.00 which is the analysts’ median price.
In the market, a comparison of Mersana Therapeutics Inc. (MRSN) and its peers suggest the former has performed considerably stronger. Data shows MRSN’s intraday price has changed 12.95% in last session and -41.76% over the past year. Comparatively, Pieris Pharmaceuticals Inc. (PIRS) has moved 3.01% on the day and only 31.93% in the past 12 months. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.60% and 0.78% respectively in the last trading.
If we refocus on Mersana Therapeutics Inc. (NASDAQ:MRSN), historical trading data shows that trading volumes averaged 0.84 million over the past 10 days and 611.66K over the past 3 months. The company’s latest data on shares outstanding shows there are 68.99 million shares.
The 0.60% of Mersana Therapeutics Inc.’s shares are in the hands of company insiders. Also important is the data on short interest which shows that short shares stood at 8.45 million on May 27, 2021, giving us a short ratio of 16.44. The data shows that as of May 27, 2021 short interest in Mersana Therapeutics Inc. (MRSN) stood at 12.15% of shares outstanding, with shares short rising to 8.27 million registered in Apr 29, 2021. Current price change has pushed the stock -54.45% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MRSN stock continues to rise going into the next quarter.