At the last check on Friday, Mercer International Inc.’s (NASDAQ:MERC) stock was up $0.87, moving up 10.35 percent to $9.23. The average number of shares traded per day over the past five days has been 609,240 shares. 2 times new highs have been achieved over the past 5 days, with a $0.30 gain in that time frame. In the last twenty days, the average volume was 584,890, while in the previous 50 days, it was 702,062.
Since last month, MERC stock rose 8.40%. Shares of the company fell to $7.55 on 08/04/23, the lowest level in the past month. A 52-week high of $17.50 was reached on 02/03/23 after having rallying from a 52-week low of $7.37. Since the beginning of this year, MERC’s stock price has dropped by -20.75% or -$2.51, and marked a new high 11 times. However, the stock has declined by -47.29% since its 52-week high.
MERC stock investors should be aware that Mercer International Inc. (MERC) stock had its last reported insider trading activity 343 days ago on Aug 26. Rettig Rainer, the Director of the company, disposed of 12,000 shares for $16.34 on Aug 26. It resulted in a $196,024 divestment by the insider. Purchase Keith sold 10,000 shares at an average price of $17.01 on Aug 16. The insider now owns 67,393 shares following the transaction.
Valuation Metrics
Right now, Mercer International Inc. (MERC) has a P/E ratio of about 4.82. The stock’s beta is 1.48. Besides these, the trailing price-to-sales (P/S) ratio of 0.27, the price-to-book (PB) ratio of 0.74, and the price-to-cash flow ratio of 12.52 may also be considered.
The latest dividend of $0.0750 per share was paid out, remained unchanged from last year’s $0.0750. On Thursday February 17 2022, a $0.01 dividend increase was announced.
Financial Health
In the three months ended June 29, Mercer International Inc.’s quick ratio stood at 1.70, while its current ratio was 3.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.68, and the total debt-to-equity ratio was 1.68. On the profitability front, the trailing twelve-month gross margin is 17.30% percent. In the year ended June 29, EBITDA margin amounted to 23.52%, whereas operating margins totaled 11.30%. Based on annual data, MERC earned $498.2 million in gross profit and brought in $2.28 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 13.40%. Return on equity (ROE) for the past 12 months was 16.30%.
In Mercer International Inc.’s quarter-end financial report for June 29, it reported total debt of $1.38 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MERC’s revenue fell -13.41% to $583.06 million during the quarter, while net income inched up to $522.67 million. While analysts expected Mercer International Inc. to report $0.45 quarterly earnings, the actual figure was $0.32 per share, beating the consensus estimate by -28.90%. During the quarter, the company generated $27.47 million in EBITDA. The liabilities of Mercer International Inc. were 1.92 billion at the end of its most recent quarter ended June 29, and its total debt was $1.4 billion. The value of shareholders’ equity is $66.43 million.
Technical Picture
This quick technical analysis looks at Mercer International Inc.’s (MERC) price momentum. With a historical volatility rate of 55.17%, the RSI 9-day stood at 60.44% on 03 August.
With respect to its five-day moving average, the current Mercer International Inc. price is up by +3.34% percent or $0.30. At present, MERC shares trade +4.16% above its 20-day simple moving average and -9.82% percent below its 100-day simple moving average. However, the stock is currently trading approximately +0.05% above its SMA50 and -36.12% below its SMA200.
Stochastic coefficient K was 44.40% and Stochastic coefficient D was 39.57%, while ATR was 0.44. Given the Stochastic reading of 89.04% for the 14-day period, the RSI (14) reading has been calculated as 57.07%. As of today, the MACD Oscillator reading stands at -0.04, while the 14-day reading stands at -0.02.
Analyst Ratings
Mercer International Inc. downgraded its rating on Mercer International Inc. (NASDAQ: MERC) to a Mkt perform in a note to investors on Aug-04-23. The analysts firm previously had an Outperform rating on the stock.Mercer International Inc. (MERC) has been rated Hold by analysts. According to 1 brokerage firm, MERC is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Mercer International Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $9.50, the current consensus forecast for the stock is $8.00 – $13.50. Based on these forecasts, analysts predict Mercer International Inc. (MERC) will achieve an average price target of $9.80.
