Merus N.V (NASDAQ:MRUS) price on Friday, February 28, rose 1.88% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $47.09.
A look at the stock’s price movement, the close in the last trading session was $46.22. Turning to its 52-week performance, $61.61 and $37.77 were the 52-week high and 52-week low respectively. Overall, MRUS moved 13.06% over the past month.
Merus N.V’s market cap currently stands at around $3.22 billion, with investors looking forward to this quarter’s earnings report slated for in April.
Analysts have a consensus estimate of 9.14M for the company’s revenue for the quarter, with a low and high estimate of 8.28M and 10M respectively. The average forecast suggests up to a 15.88% 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 to grow to 42.36M, representing a 17.25% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MRUS is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
7 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 0 analyst(s) rate the stock as a Hold, 7 recommend MRUS as a Buy and 0 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 Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
MRUS’s current price about 9.59% and 11.60% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 64.34, while 7-day volatility ratio is 5.61% and 4.44% in the 30-day chart. Further, Merus N.V (MRUS) has a beta value of 1.14, and an average true range (ATR) of 2.06. Analysts have given the company’s stock an average 52-week price target of $73, forecast between a low of $72 and high of $95. Looking at the price targets, the low is -52.9% off current price level while to achieve the yearly target high, price needs to move -101.74%. Nonetheless, investors will most likely welcome a -55.02% jump to $73 which is the analysts’ median price.
If we refocus on Merus N.V (NASDAQ:MRUS), historical trading data shows that trading volumes averaged 617.56K over the past 3 months. The company’s latest data on shares outstanding shows there are 68.43 million shares.
The 11.33% of Merus N.V’s shares are in the hands of company insiders while institutional holders own 95.77% of the company’s shares. Current price change has pushed the stock 11.99% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MRUS stock continues to rise going into the next quarter.
