Mersana Therapeutics Inc [MRSN] stock prices are up 0.78% to $2.57 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The MRSN shares have gain 41.21% over the last week, with a monthly amount glided 35.26%, 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.
The stock price of Mersana Therapeutics Inc [MRSN] has been fluctuating between $1.15 and $6.28 over the past year. Currently, Wall Street analysts expect the stock to reach $3 within the next 12 months. Mersana Therapeutics Inc [NASDAQ: MRSN] shares were valued at $2.57 at the most recent close of the market. An investor can expect a potential return of 16.73% based on the average MRSN price forecast.
Analyzing the MRSN fundamentals
The Mersana Therapeutics Inc [NASDAQ:MRSN] reported sales of 29.94M for trailing twelve months, representing a drop of -78.48%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.45.
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 2.46 points at the first support level, and at 2.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.66, and for the 2nd resistance point, it is at 2.75.
Ratios To Look Out For
It’s worth pointing out that Mersana Therapeutics Inc [NASDAQ:MRSN]’s Current Ratio is 2.72. On the other hand, the Quick Ratio is 2.72, and the Cash Ratio is 0.95. Considering the valuation of this stock, the price to sales ratio is 10.61, the price to book ratio is 37.41.
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.
