Marinus Pharmaceuticals Inc (NASDAQ: MRNS) is -97.22% lower on its value in year-to-date trading and has touched a low of $0.26 and a high of $11.26 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MRNS stock was last observed hovering at around $0.31 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $0.30, the stock is -44.44% and -75.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.63 million and changing -2.24% at the moment leaves the stock -90.74% off its SMA200. MRNS registered -95.10% loss for a year compared to 6-month gain of -77.31%. The firm has a 50-day simple moving average (SMA 50) of $1.21808 and a 200-day simple moving average (SMA200) of $3.25992.
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The stock witnessed a -82.66% loss in the last 1 month and extending the period to 3 months gives it a -77.31%, and is -12.62% down 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 10.91% over the week and 18.47% over the month.
Marinus Pharmaceuticals Inc (MRNS) has around 165 employees, a market worth around $16.29M and $31.47M in sales. Profit margin for the company is -446.49%. Distance from 52-week low is 15.94% and -97.32% from its 52-week high. The company has generated returns on investments over the last 12 months (-1275.80%).
with sales reaching $10.51M over the same period.The EPS is expected to grow by 23.04% this year, but quarterly earnings will post 12.86% year-over-year. Quarterly sales are estimated to grow 46.16% in year-over-year returns.
Marinus Pharmaceuticals Inc (MRNS) Top Institutional Holders
108.0 institutions hold shares in Marinus Pharmaceuticals Inc (MRNS), with institutional investors hold 93.24% of the company’s shares. The shares outstanding are 54.58M, and float is at 41.84M with Short Float at 13.54%. Institutions hold 83.04% of the Float.
The top institutional shareholder in the company is TANG CAPITAL MANAGEMENT LLC with over 4.8 million shares valued at $5.62 million. The investor’s holdings represent 8.443% of the MRNS Shares outstanding. As of 2024-06-30, the second largest holder is SOFINNOVA INVESTMENTS, INC. with 4.15 million shares valued at $4.86 million to account for 7.3025 of the shares outstanding. The other top investors are WOODLINE PARTNERS LP which holds 3.98 million shares representing 7% and valued at over $4.66 million, while SUVRETTA CAPITAL MANAGEMENT, LLC holds 6.7192 of the shares totaling 3.82 million with a market value of $4.47 million.
Marinus Pharmaceuticals Inc (MRNS) Insider Activity
The most recent transaction is an insider sale by Pfanstiel Steven, the company’s CFO AND COO. SEC filings show that Pfanstiel Steven sold 4,657 shares of the company’s common stock on Aug 05 ’24 at a price of $1.13 per share for a total of $5262.0. Following the sale, the insider now owns 79773.0 shares.
Marinus Pharmaceuticals Inc disclosed in a document filed with the SEC on Aug 05 ’24 that Shafer Christina (CHIEF COMMERCIAL OFFICER) sold a total of 3,820 shares of the company’s common stock. The trade occurred on Aug 05 ’24 and was made at $1.14 per share for $4355.0. Following the transaction, the insider now directly holds 67406.0 shares of the MRNS stock.
Still, SEC filings show that on Aug 05 ’24, MANNING MARTHA E (SVP, GEN. COUNSEL & CORP. SEC.) disposed off 3,621 shares at an average price of $1.13 for $4092.0. The insider now directly holds 60,263 shares of Marinus Pharmaceuticals Inc (MRNS).
