Mercury General Corp (NYSE:MCY) shares, rose in value on Wednesday, February 12, with the stock price up by 9.28% to the previous day’s close as strong demand from buyers drove the stock to $54.74.
Actively observing the price movement in the last trading, the stock closed the session at $50.09, falling within a range of $52.59 and $62.8. The value of beta (5-year monthly) was 0.831 whereas the PE ratio was 6.48 over 12-month period. Referring to stock’s 52-week performance, its high was $80.72, and the low was $39.56. On the whole, MCY has fluctuated by 16.02% over the past month.
With the market capitalization of Mercury General Corp currently standing at about $3.03 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 1.27, with its dividend yield at 2.32%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.84B, with a low estimate of 1.39B and a high estimate of 1.39B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.39B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MCY’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of MCY currently trading nearly 8.58% and -10.44% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.37, while the 7-day volatility ratio is showing 6.60% which for the 30-day chart, stands at 6.14%. Furthermore, Mercury General Corp (MCY)’s beta value is 0.85, and its average true range (ATR) is 3.34.
A comparison of Mercury General Corp (MCY) with its peers suggests the former has fared considerably weaker in the market. MCY showed an intraday change of 9.28% in last session, and over the past year, it grew by 34.99%%.
Data on historical trading for Mercury General Corp (NYSE:MCY) indicates that the trading volumes over the past 10 days have averaged 0.83 and over the past 3 months, they’ve averaged 615.80K. According to company’s latest data on outstanding shares, there are 55.39 million shares outstanding.
Nearly 52.04% of Mercury General Corp’s shares belong to company insiders and institutional investors own 44.18% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.06 million shares as on 2025-01-31, resulting in a short ratio of 1.88. According to the data, the short interest in Mercury General Corp (MCY) stood at 983.00 of shares outstanding as of 2025-01-31; the number of short shares registered in 2024-12-31 reached 0.96 million. The stock has fallen by -17.66% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MCY stock heading into the next quarter.
