Currently, Mersana Therapeutics Inc [MRSN] is trading at $2.01, up 9.24%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MRSN shares have gain 3.61% over the last week, with a monthly amount glided 2.55%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Mersana Therapeutics Inc [NASDAQ: MRSN] stock has seen the most recent analyst activity on March 19, 2024, when JP Morgan upgraded its rating to a Neutral but kept the price target unchanged to $5 for it. Previously, Wedbush upgraded its rating to Outperform on February 29, 2024, and elevated its price target to $7. On February 29, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $7 on the stock. BTIG Research upgraded its rating to a Buy but stick to its price target of $6 on February 29, 2024. Citigroup upgraded its rating to a Buy and raised its price target to $5 on December 04, 2023. Robert W. Baird downgraded its rating to Neutral for this stock on July 28, 2023, and downed its price target to $1. In a note dated July 27, 2023, Wedbush downgraded an Neutral rating on this stock.
This stock has fluctuated between a low of $1.15 and a high of $6.28 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $3 within the next 12 months. Mersana Therapeutics Inc [NASDAQ: MRSN] shares were valued at $2.01 at the most recent close of the market. An investor can expect a potential return of 49.25% based on the average MRSN price forecast.
Analyzing the MRSN fundamentals
Trailing Twelve Months sales for Mersana Therapeutics Inc [NASDAQ:MRSN] were 29.94M which represents -78.48% decline. Gross Profit Margin for this corporation currently stands at 0.94% with Operating Profit Margin at -3.6%, Pretax Profit Margin comes in at -3.5%, and Net Profit Margin reading is -3.5%. To continue investigating profitability, this company’s Return on Assets is posted at -0.58, Equity is -3.34 and Total Capital is -0.92. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.45.
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 1.8600 points at the first support level, and at 1.7100 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.1000, and for the 2nd resistance point, it is at 2.1900.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Mersana Therapeutics Inc [NASDAQ:MRSN] is 2.72. Also, the Quick Ratio is 2.72, while the Cash Ratio stands at 0.95. Considering the valuation of this stock, the price to sales ratio is 8.24, the price to book ratio is 29.26.
Transactions by insiders
Recent insider trading involved Bala Mohan, SVP, Chief Development Officer, that happened on Oct 28 ’24 when 1884.0 shares were sold. Officer, Bala, Mohan completed a deal on Oct 28 ’24 to buy 1884.0 shares. Meanwhile, SVP, COO & CFO DeSchuytner Brian sold 8089.0 shares on Oct 02 ’24.
