Merck & Co Inc [NYSE: MRK] closed the trading session at $118.45.
The stocks have a year to date performance of 8.65 percent and weekly performance of 1.59 percent. The stock has been moved at -6.70 percent over the last six months. The stock has performed 4.07 percent around the most recent 30 days and changed -5.65 percent over the most recent 3-months.
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If compared to the average trading volume of 9.58M shares, MRK reached to a volume of 8873992 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 Merck & Co Inc [MRK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MRK shares is $140.30 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MRK stock is a recommendation set at 1.40. 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.
Societe Generale have made an estimate for Merck & Co Inc shares, keeping their opinion on the stock as Sell, with their previous recommendation back on March 11, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price from $125 to $135. The new note on the price target was released on January 04, 2024, representing the official price target for Merck & Co Inc stock. Previously, the target price had yet another raise to $115, while Deutsche Bank analysts kept a Buy rating on MRK stock.
The Average True Range (ATR) for Merck & Co Inc is set at 2.08, with the Price to Sales ratio for MRK stock in the period of the last 12 months amounting to 4.83. The Price to Book ratio for the last quarter was 6.89, with the Price to Cash per share for the same quarter was set at 4.50. Price to Free Cash Flow for MRK in the course of the last twelve months was 22.84 with Quick ratio for the last quarter at 1.22.
MRK stock trade performance evaluation
Merck & Co Inc [MRK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.59. With this latest performance, MRK shares gained by 4.07% in over the last four-week period, additionally sinking by -6.70% over the last 6 months – not to mention a rise of 7.48% 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 MRK stock in for the last two-week period is set at 53.93, with the RSI for the last a single of trading hit 65.16, and the three-weeks RSI is set at 49.12 for Merck & Co Inc [MRK]. The present Moving Average for the last 50 days of trading for this stock 121.30, while it was recorded at 117.22 for the last single week of trading, and 121.29 for the last 200 days.
Merck & Co Inc [MRK]: An insightful look at the core fundamentals
Merck & Co Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.22 and a Current Ratio set at 1.47.
Merck & Co Inc [MRK]: Institutional Ownership
There are presently around $79.11%, or 79.15%% of MRK stock, in the hands of institutional investors. The top three institutional holders of MRK stocks are: VANGUARD GROUP INC with ownership of 244.68 million shares, which is approximately 9.6596%. BLACKROCK INC., holding 207.3 million shares of the stock with an approximate value of $$25.66 billion in MRK stocks shares; and BLACKROCK INC., currently with $$14.63 billion in MRK stock with ownership which is approximately 4.6384%.
