Merck & Co Inc (NYSE:MRK) shares, rose in value, with the stock price up by 1.21% to the previous day’s close as strong demand from buyers drove the stock to $100.96.
Actively observing the price movement in the recent trading, the stock is buoying the session at $99.75, falling within a range of $100.28 and $102.94. The value of beta (5-year monthly) is 0.411 whereas the PE ratio is 21.14 over 12-month period. Referring to stock’s 52-week performance, its high was $134.63, and the low was $94.48. On the whole, MRK has fluctuated by 2.41% over the past month.
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With the market capitalization of Merck & Co Inc currently standing at about $255.38 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 3.08, with its dividend yield at 3.05%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 63.99B, with a low estimate of 15.06B and a high estimate of 16B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 15.47B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MRK’s technical picture suggests that short-term indicators denote the stock is a 75% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.76, with the price of MRK currently trading nearly 0.57% and -2.49% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.16, while the 7-day volatility ratio is showing 2.37% which for the 30-day chart, stands at 2.18%. Furthermore, Merck & Co Inc (MRK)’s beta value is 0.40, and its average true range (ATR) is 2.24.
A comparison of Merck & Co Inc (MRK) with its peers suggests the former has fared considerably weaker in the market. MRK showed an intraday change of 1.21% in today’s session so far, and over the past year, it shrunk by -3.26%%.
Data on historical trading for Merck & Co Inc (NYSE:MRK) indicates that the trading volumes over the past 10 days have averaged 12.7 and over the past 3 months, they’ve averaged 10.93 million. According to company’s latest data on outstanding shares, there are 2.53 billion shares outstanding.
Nearly 0.09% of Merck & Co Inc’s shares belong to company insiders and institutional investors own 78.93% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 32.79 million shares as on 2024-11-29, resulting in a short ratio of 2.7. According to the data, the short interest in Merck & Co Inc (MRK) stood at 130.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 26.23 million. The stock has fallen by -7.40% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MRK stock heading into the next quarter.
