Mercury General Corp (NYSE:MCY) price on Friday, March 21, fall -1.57% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $55.93.
A look at the stock’s price movement, the close in the last trading session was $56.82, moving within a range at $55.395 and $56.68. The beta value (5-Year monthly) was 0.832 while the PE ratio in trailing twelve months stood at 6.62. Turning to its 52-week performance, $80.72 and $44.19 were the 52-week high and 52-week low respectively. Overall, MCY moved 6.98% over the past month.
Mercury General Corp’s market cap currently stands at around $3.10 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-10. The company has a Forward Dividend ratio of 1.27, with its dividend yield at 2.27%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 1.36B for the company’s revenue for the quarter, with a low and high estimate of 1.36B and 1.36B respectively. The average forecast suggests up to a 6.14% 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 5.71B, representing a 6.09% 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 MCY 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.
2 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, 0 recommend MCY as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Strong Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
MCY’s current price about 1.68% and 6.14% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 54.75, while 7-day volatility ratio is 2.66% and 3.27% in the 30-day chart. Further, Mercury General Corp (MCY) has a beta value of 0.84, and an average true range (ATR) of 2.04.
If we refocus on Mercury General Corp (NYSE:MCY), historical trading data shows that trading volumes averaged 0.49 over the past 10 days and 806.80K over the past 3 months. The company’s latest data on shares outstanding shows there are 55.39 million shares.
The 52.03% of Mercury General Corp’s shares are in the hands of company insiders while institutional holders own 43.83% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.36 million on 2025-02-28, giving us a short ratio of 2.64. The data shows that as of 2025-02-28 short interest in Mercury General Corp (MCY) stood at 1125.0 of shares outstanding, with shares short rising to 2.06 million registered in 2025-01-31. Current price change has pushed the stock -15.87% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MCY stock continues to rise going into the next quarter.
