Yang Arvin Acquires Mersana Therapeutics Inc. (MRSN) Shares

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Mersana Therapeutics Inc. (NASDAQ:MRSN) finished Wednesday with a subtraction of -$0.06 to close at $5.65, a downside of -1.05 percent. An average of 1,074,280 shares of common stock have been traded in the last five days. There was a fall of -$0.34 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 1,127,705 shares traded, while the 50-day average volume stands at 997,808.

MRSN stock has decreased by -13.08% in the last month. The company shares reached their 1-month lowest point of $5.41 on 12/19/22. With the stock rallying to its 52-week high on 09/08/22, shares of the company touched a low of $2.68 and a high of $8.34 in 52 weeks. It has reached a new high 8 times so far this year and lost -9.16% or -$0.57 in price. In spite of this, the price is down -32.24% from the 52-week high.


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Insider Transactions

MRSN stock investors should be aware that Mersana Therapeutics Inc. (MRSN) stock had its last reported insider trading activity 28 days ago on Dec 01. In this transaction, the insider spent $36,423. Chief Manufacturing Officer, MISRA TUSHAR, disposed of 1,879 shares at a price of $7.10 on Aug 17. The insider now owns more than $13,341 worth of shares. Prior to that, Chief Legal Officer Carvajal Alejandra went on to Sale 3,948 shares at $3.69 each on Apr 26. An amount of $14,568 was transacted.

Valuation Metrics

Mersana Therapeutics Inc. (MRSN) stock’s beta is 1.64. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 48.92, the price-to-book (PB) ratio at 6.14.

Financial Health

The quick ratio of Mersana Therapeutics Inc. for the three months ended June 29 was 3.40, and the current ratio was 3.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.28 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $168.9 million compared to revenue of $43000.0.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Mersana Therapeutics Inc.’s return on assets was -80.80%.

Earnings Surprise

For the three-month period that ended June 29, Mersana Therapeutics Inc. had $24.85 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$59.81 million in the quarter, while revenues of -$52.22 million were grew 23.98%. The analyst consensus anticipated Mersana Therapeutics Inc.’s latest quarter earnings to come in at -$0.52 per share, but it turned out to be -$0.55, a -5.80% surprise. For the quarter, EBITDA amounted to -$59.72 million. Shareholders own equity worth $99.77 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Mersana Therapeutics Inc. (MRSN) price momentum. RSI 9-day as of the close on 28 December was 31.26%, suggesting the stock is Neutral, with historical volatility in this time frame at 73.32%.

As of today, MRSN’s price is $5.84 -5.68% or -$0.34 from its 5-day moving average. MRSN is currently trading -14.65% lower than its 20-day SMA and +12.10% higher than its 100-day SMA. However, the stock’s current price level is -20.87% below the SMA50 and +47.14% above the SMA200.

The stochastic %K and %D were 16.76% and 19.90%, respectively, and the average true range (ATR) was 0.43. With the 14-day stochastic at 13.17% and the average true range at 0.44, the RSI (14) stands at 35.85%. The stock has reached -0.31 on the 9-day MACD Oscillator while the 14-day reading was at -0.59.

Analyst Ratings

Truist launched coverage on Mersana Therapeutics Inc. (NASDAQ: MRSN) in its analyst report released on November 21, 2022. The firm assigned the stock a Buy rating. The consensus rating for Mersana Therapeutics Inc. (MRSN) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MRSN, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 5 others rate it as a “buy”.

What is MRSN’s price target for the next 12 months?

Analysts predict a range of price targets between $12.00 and $26.00, with a median target of $17.00. Taking a look at these predictions, the average price target given by analysts for Mersana Therapeutics Inc. (MRSN) stock is $17.80.

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