Marinus Pharmaceuticals Inc. [NASDAQ: MRNS] slipped around -0.03 points on Monday, while shares priced at $1.94 at the close of the session, down -1.52%. The company report on August 12, 2020 that Marinus Pharmaceuticals Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4).
Marinus Pharmaceuticals, Inc. (Nasdaq: MRNS) (the “Company” or “Marinus”), a pharmaceutical company dedicated to the development of innovative therapeutics to treat rare seizure disorders, today announced the grant of inducement awards to seven new employees. The independent members of the Board of Directors of Marinus approved the grant of non-qualified stock options to purchase an aggregate of 453,500 shares of its common stock as inducements material to the employees entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).
Of these stock option grants, 293,500 have an exercise price of $1.77 per share, which is equal to the closing price of Marinus’ common stock on August 5, 2020, the date of grant for the stock options. The remaining 165,000 stock options will be priced on the applicable employee’s start date. All of the stock options will vest and become exercisable as to 25% of the underlying shares on the one-year anniversary of the employee’s start date of employment, and will vest and become exercisable as to the remaining 75% of the underlying shares in 36 equal monthly installments at the end of each month following such anniversary, subject to the employee’s continued employment with Marinus on such vesting dates. The stock options were granted as an inducement material to the employee entering into employment with Marinus in accordance with Nasdaq Listing Rule 5635(c)(4), and are subject to the terms and conditions of the applicable award agreement covering such grant.
Marinus Pharmaceuticals Inc. stock is now -10.19% down from its year-to-date (YTD) trading value. MRNS Stock saw the intraday high of $2.08 and lowest of $1.89 per share. The company’s 52-week high price is 3.50, which means current price is +86.54% above from all time high which was touched on 06/16/20.
Compared to the average trading volume of 1.79M shares, MRNS reached a trading volume of 2597166 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Marinus Pharmaceuticals Inc. [MRNS]?
H.C. Wainwright have made an estimate for Marinus Pharmaceuticals Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 01, 2020. The new note on the price target was released on July 01, 2020, representing the official price target for Marinus Pharmaceuticals Inc. stock. Previously, the target price had yet another raise to $4.50, while Craig Hallum analysts kept a Buy rating on MRNS stock.
The Average True Range (ATR) for Marinus Pharmaceuticals Inc. is set at 0.17 The Price to Book ratio for the last quarter was 2.09, with the Price to Cash per share for the same quarter was set at 0.96.
How has MRNS stock performed recently?
Marinus Pharmaceuticals Inc. [MRNS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.57. With this latest performance, MRNS shares gained by 15.48% in over the last four-week period, additionally sinking by -25.10% over the last 6 months – not to mention a rise of 68.70% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MRNS stock in for the last two-week period is set at 48.96, with the RSI for the last a single of trading hit 51.98, and the three-weeks RSI is set at 49.02 for Marinus Pharmaceuticals Inc. [MRNS]. The present Moving Average for the last 50 days of trading for this stock 2.0507, while it was recorded at 1.8920 for the last single week of trading, and 2.0580 for the last 200 days.
Marinus Pharmaceuticals Inc. [MRNS]: Deeper insight into the fundamentals
Return on Total Capital for MRNS is now -66.58, given the latest momentum, and Return on Invested Capital for the company is -68.02. Return on Equity for this stock declined to -69.34, with Return on Assets sitting at -62.18. When it comes to the capital structure of this company, Marinus Pharmaceuticals Inc. [MRNS] has a Total Debt to Total Equity ratio set at 3.97. Additionally, MRNS Total Debt to Total Capital is recorded at 3.82, with Total Debt to Total Assets ending up at 3.53. Long-Term Debt to Equity for the company is recorded at 5.11, with the Long-Term Debt to Total Capital now at 3.33.
Reflecting on the efficiency of the workforce at the company, Marinus Pharmaceuticals Inc. [MRNS] managed to generate an average of -$1,353,025 per employee.Marinus Pharmaceuticals Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 11.50 and a Current Ratio set at 11.50.
Earnings analysis for Marinus Pharmaceuticals Inc. [MRNS]
With the latest financial reports released by the company, Marinus Pharmaceuticals Inc. posted -0.26/share EPS, while the average EPS was predicted by analysts to be reported at -0.24/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -8.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MRNS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Marinus Pharmaceuticals Inc. go to 20.00%.
Insider trade positions for Marinus Pharmaceuticals Inc. [MRNS]
There are presently around $189 million, or 77.80% of MRNS stock, in the hands of institutional investors. The top three institutional holders of MRNS stocks are: AVORO CAPITAL ADVISORS LLC with ownership of 11,960,000, which is approximately 92.903% of the company’s market cap and around 0.63% of the total institutional ownership; LION POINT CAPITAL, LP, holding 10,873,340 shares of the stock with an approximate value of $21.09 million in MRNS stocks shares; and BOXER CAPITAL, LLC, currently with $18.62 million in MRNS stock with ownership of nearly New of the company’s market capitalization.
Positions in Marinus Pharmaceuticals Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 67 institutional holders increased their position in Marinus Pharmaceuticals Inc. [NASDAQ:MRNS] by around 32,812,595 shares. Additionally, 26 investors decreased positions by around 3,680,332 shares, while 12 investors held positions by with 61,166,494 shares. The mentioned changes placed institutional holdings at 97,659,421 shares, according to the latest SEC report filing. MRNS stock had 28 new institutional investments in for a total of 7,511,330 shares, while 7 institutional investors sold positions of 1,386,419 shares during the same period.