Mercury Systems Inc (NASDAQ: MRCY) is 15.45% higher on its value in year-to-date trading and has touched a low of $25.31 and a high of $42.72 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MRCY stock was last observed hovering at around $34.19 in the last trading session, with the day’s gains setting it 8.03%.
Currently trading at $42.22, the stock is 21.87% and 17.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing 23.49% at the moment leaves the stock 32.07% off its SMA200. MRCY registered 13.65% gain for a year compared to 6-month gain of 46.75%. The firm has a 50-day simple moving average (SMA 50) of $35.886 and a 200-day simple moving average (SMA200) of $31.91535.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 15.29% loss in the last 1 month and extending the period to 3 months gives it a 21.81%, and is 26.52% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.90% over the week and 3.06% over the month.
Mercury Systems Inc (MRCY) has around 2364 employees, a market worth around $2.51B and $858.72M in sales. Fwd P/E is 48.41. Profit margin for the company is -13.79%. Distance from 52-week low is 66.81% and -1.17% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.61%).
The EPS is expected to grow by 145.41% this year
323.0 institutions hold shares in Mercury Systems Inc (MRCY), with institutional investors hold 113.85% of the company’s shares. The shares outstanding are 58.09M, and float is at 58.08M with Short Float at 8.01%. Institutions hold 110.12% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 8.81 million shares valued at $237.75 million. The investor’s holdings represent 15.2673 of the MRCY Shares outstanding. As of 2024-06-30, the second largest holder is JANA PARTNERS MANAGEMENT, LP with 6.92 million shares valued at $186.9 million to account for 12.002 of the shares outstanding. The other top investors are WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC which holds 6.42 million shares representing 11.1207 and valued at over $173.18 million, while VANGUARD GROUP INC holds 9.9055 of the shares totaling 5.72 million with a market value of $154.26 million.
Mercury Systems Inc (MRCY) Insider Activity
Mercury Systems Inc disclosed in a document filed with the SEC on Sep 16 ’24 that Munro Douglas (VP, CAO) sold a total of 69 shares of the company’s common stock. The trade occurred on Sep 16 ’24 and was made at $37.60 per share for $2594.0. Following the transaction, the insider now directly holds 15292.0 shares of the MRCY stock.
Still, SEC filings show that on Sep 16 ’24, Munro Douglas (Officer) Proposed Sale 69 shares at an average price of $37.60 for $2594.0. The insider now directly holds shares of Mercury Systems Inc (MRCY).
