Mersana Therapeutics Inc (NASDAQ: MRSN) is 9.91% higher on its value in year-to-date trading and has touched a low of $1.15 and a high of $6.28 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 MRSN stock was last observed hovering at around $2.34 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $2.55, the stock is 24.94% and 33.16% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.94 million and changing 8.97% at the moment leaves the stock -7.24% off its SMA200. MRSN registered 90.30% gain for a year compared to 6-month loss of 3.45%. The firm has a 50-day simple moving average (SMA 50) of $1.8938 and a 200-day simple moving average (SMA200) of $2.7518.
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The stock witnessed a 35.64% gain in the last 1 month and extending the period to 3 months gives it a 76.47%, and is 40.88% 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 11.01% over the week and 7.29% over the month.
Mersana Therapeutics Inc (MRSN) has around 123 employees, a market worth around $312.82M and $29.94M in sales. Profit margin for the company is -349.98%. Distance from 52-week low is 121.74% and -59.40% from its 52-week high. The company has generated returns on investments over the last 12 months (-364.47%).
The EPS is expected to grow by 53.15% this year
155.0 institutions hold shares in Mersana Therapeutics Inc (MRSN), with institutional investors hold 94.83% of the company’s shares. The shares outstanding are 120.71M, and float is at 90.06M with Short Float at 11.07%. Institutions hold 93.63% of the Float.
The top institutional shareholder in the company is ECOR1 CAPITAL, LLC with over 19.36 million shares valued at $38.92 million. The investor’s holdings represent 15.9479 of the MRSN Shares outstanding. As of 2024-06-30, the second largest holder is VR ADVISER, LLC with 11.33 million shares valued at $22.77 million to account for 9.3292 of the shares outstanding. The other top investors are NEXTECH INVEST LTD. which holds 9.53 million shares representing 7.8453 and valued at over $19.15 million, while BAIN CAPITAL LIFE SCIENCES INVESTORS, LLC holds 7.135 of the shares totaling 8.66 million with a market value of $17.41 million.
Mersana Therapeutics Inc (MRSN) Insider Activity
The most recent transaction is an insider sale by Bala Mohan, the company’s SVP, Chief Development Officer. SEC filings show that Bala Mohan sold 1,884 shares of the company’s common stock on Oct 28 ’24 at a price of $1.90 per share for a total of $3580.0. Following the sale, the insider now owns 54731.0 shares.
Still, SEC filings show that on Oct 02 ’24, DeSchuytner Brian (SVP, COO & CFO) disposed off 8,089 shares at an average price of $2.00 for $16178.0. The insider now directly holds 100,422 shares of Mersana Therapeutics Inc (MRSN).
