Mersana Therapeutics Inc (NASDAQ: MRSN) is -25.00% lower on its value in year-to-date trading and has touched a low of $1.22 and a high of $6.28 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 MRSN stock was last observed hovering at around $1.69 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $1.74, the stock is -21.16% and -19.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.65 million and changing 2.96% at the moment leaves the stock -30.05% off its SMA200. MRSN registered -14.29% loss for a year compared to 6-month gain of -18.31%. The firm has a 50-day simple moving average (SMA 50) of $2.1642 and a 200-day simple moving average (SMA200) of $2.507325.
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The stock witnessed a -21.62% loss in the last 1 month and extending the period to 3 months gives it a -19.44%, and is -24.35% 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 14.25% over the week and 12.30% over the month.
Mersana Therapeutics Inc (MRSN) has around 123 employees, a market worth around $214.95M and $34.84M in sales. Profit margin for the company is -214.19%. Distance from 52-week low is 42.62% and -72.29% from its 52-week high. The company has generated returns on investments over the last 12 months (-430.25%).
The EPS is expected to grow by 60.21% this year
151.0 institutions hold shares in Mersana Therapeutics Inc (MRSN), with institutional investors hold 96.53% of the company’s shares. The shares outstanding are 122.87M, and float is at 86.56M with Short Float at 10.11%. Institutions hold 95.32% 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).
