Mercury Systems Inc (MRCY) Shares See 2.85% Rise Over Last Week

Mercury Systems Inc [MRCY] stock prices are up 2.61% to $30.72 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MRCY shares have gain 2.85% over the last week, with a monthly amount glided 1.55%, and seem to be holding up well over a long-time horizon.

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On 1, March 2024, U.S. Navy Selects Mercury to Deliver Electronic Warfare Combat Training Subsystems. In a post published today on Yahoo Finance, Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers mission-critical processing power to the edge, today announced that it received a five-year, $243.8 million, indefinite delivery/indefinite quantity contract to deliver rapidly reprogrammable electronic attack training subsystems for the Naval Air Warfare Center Weapons Division. These subsystems build on more than 25 years of test and training technology from the Mercury Processing Platform to bring the most advanced, near-peer jamming and electronic warfare capabilities to U.S. pilot training organizations.

From an analyst’s perspective:

Mercury Systems Inc [NASDAQ: MRCY] stock has seen the most recent analyst activity on February 07, 2024, when Truist downgraded its rating to a Hold and also revised its price target to $28 from $48. Previously, Goldman downgraded its rating to Sell on January 10, 2024, and dropped its price target to $24. On January 03, 2024, downgrade downgraded it’s rating to Underperform and revised its price target to $30 on the stock. JP Morgan downgraded its rating to a Neutral and reduced its price target to $37 on June 26, 2023. Robert W. Baird downgraded its rating to Neutral for this stock on June 22, 2023, and downed its price target to $40. In a note dated December 16, 2022, RBC Capital Mkts downgraded an Sector Perform rating on this stock and revised its target price from $66 to $54.

The stock price of Mercury Systems Inc [MRCY] has been fluctuating between $25.31 and $53.20 over the past year. Currently, Wall Street analysts expect the stock to reach $52.67 within the next 12 months. Mercury Systems Inc [NASDAQ: MRCY] shares were valued at $30.72 at the most recent close of the market. An investor can expect a potential return of 71.45% based on the average MRCY price forecast.

Analyzing the MRCY fundamentals

The Mercury Systems Inc [NASDAQ:MRCY] reported sales of 895.17M for trailing twelve months, representing a drop of -13.99%. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at -0.11%, Pretax Profit Margin comes in at -0.15%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.06 and Total Capital is -0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.46.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 30.14 points at the first support level, and at 29.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.12, and for the 2nd resistance point, it is at 31.51.

Mercury Systems Inc [MRCY] reported earnings per share of -$0.42 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.07/share, meaning a difference of -$0.49 and a surprise factor of -700.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.24 per share as compared to estimates of $0.18 per share, a difference of -$0.42 representing a surprise of -233.30%.

Ratios To Look Out For

It’s worth pointing out that Mercury Systems Inc [NASDAQ:MRCY]’s Current Ratio is 4.36. Also, the Quick Ratio is 2.79, while the Cash Ratio stands at 0.75. Considering the valuation of this stock, the price to sales ratio is 2.04, the price to book ratio is 1.18.

Transactions by insiders

Recent insider trading involved Ratner Steven, EVP, CHRO, that happened on Feb 20 ’24 when 129.0 shares were sold. EVP, CHRO, Ratner Steven completed a deal on Feb 16 ’24 to sell 1895.0 shares. Meanwhile, EVP, COO Wells Charles Roger IV sold 1696.0 shares on Feb 16 ’24.

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