Mersana Therapeutics Inc [NASDAQ: MRSN] plunged by -$0.94 during the normal trading session on while it closed the day at $2.46.
Mersana Therapeutics Inc stock has also loss -26.64% of its value over the past 7 days. However, MRSN stock has declined by -41.73% in the 3 months of the year. Over the past six months meanwhile, it has gained 83.96% and gained 6.25% year-on date.
The market cap for MRSN stock reached $301.62 million, with 120.71 million shares outstanding and 92.78 million shares in the current float. Compared to the average trading volume of 2.17M shares, MRSN reached a trading volume of 3770351 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Mersana Therapeutics Inc [MRSN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MRSN shares is $6.38 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MRSN stock is a recommendation set at 1.44. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for Mersana Therapeutics Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 19, 2024. While these analysts kept the previous recommendation, Wedbush raised their target price from $2 to $7. The new note on the price target was released on February 29, 2024, representing the official price target for Mersana Therapeutics Inc stock. Previously, the target price had yet another raise to $7, while Guggenheim analysts kept a Buy rating on MRSN stock.
The Average True Range (ATR) for Mersana Therapeutics Inc is set at 0.32, with the Price to Sales ratio for MRSN stock in the period of the last 12 months amounting to 8.19. The Price to Book ratio for the last quarter was 8.06, with the Price to Cash per share for the same quarter was set at 1.71.
MRSN stock trade performance evaluation
Mersana Therapeutics Inc [MRSN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -26.64. With this latest performance, MRSN shares dropped by -33.47% in over the last four-week period, additionally plugging by 83.96% over the last 6 months – not to mention a drop of -69.19% 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 MRSN stock in for the last two-week period is set at 26.55, with the RSI for the last a single of trading hit 22.05, and the three-weeks RSI is set at 30.81 for Mersana Therapeutics Inc [MRSN]. The present Moving Average for the last 50 days of trading for this stock 4.25, while it was recorded at 3.27 for the last single week of trading, and 2.54 for the last 200 days.
Mersana Therapeutics Inc [MRSN]: An insightful look at the core fundamentals
Mersana Therapeutics Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.36 and a Current Ratio set at 3.36.
Mersana Therapeutics Inc [MRSN]: Institutional Ownership
The top three institutional holders of MRSN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in MRSN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in MRSN stock with ownership which is approximately 5.8386%.
