As of Wednesday close, Mercury Systems Inc.’s (NASDAQ:MRCY) stock was up $2.33, moving up 6.89 percent to $36.17. The average number of shares traded per day over the past five days has been 853,280 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.04 fall in that time frame. In the last twenty days, the average volume was 437,145, while in the previous 50 days, it was 670,844.
Since last month, MRCY stock rose 3.08%. Shares of the company fell to $32.26 on 08/16/23, the lowest level in the past month. A 52-week high of $59.13 was reached on 02/01/23 after having rallying from a 52-week low of $28.90. Since the beginning of this year, MRCY’s stock price has dropped by -19.16% or -$8.57, and marked a new high 10 times. However, the stock has declined by -38.83% since its 52-week high.
MRCY stock investors should be aware that Mercury Systems Inc. (MRCY) stock had its last reported insider trading activity 176 days ago on Feb 22. ASLETT MARK, the President and CEO of the company, disposed of 4,780 shares for $52.81 on Feb 22. It resulted in a $252,449 divestment by the insider. CAMBRIA CHRISTOPHER C sold 419 shares at an average price of $52.81 on Feb 22. The insider now owns 116,567 shares following the transaction. On Feb 22, EVP, President Mission Systems Stevison James Mitch sold 368 shares at $52.81 apiece. The transaction was valued at $19,435.
Valuation Metrics
The stock’s beta is 0.91. Besides these, the trailing price-to-sales (P/S) ratio of 2.11, the price-to-book (PB) ratio of 1.31.
Financial Health
In the three months ended June 29, Mercury Systems Inc.’s quick ratio stood at 2.70, while its current ratio was 4.30, 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 0.33, and the total debt-to-equity ratio was 0.33. On the profitability front, the trailing twelve-month gross margin is 36.50% percent. In the year ended June 29, EBITDA margin amounted to 16.65%, whereas operating margins totaled 1.50%. Based on annual data, MRCY earned $316.73 million in gross profit and brought in $973.88 million 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 1.20%. Return on equity (ROE) for the past 12 months was -0.20%.
In Mercury Systems Inc.’s quarter-end financial report for June 29, it reported total debt of $511.5 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MRCY’s revenue rose 3.95% to $229.59 million during the quarter, while net income inched up to $263.48 million. While analysts expected Mercury Systems Inc. to report $0.59 quarterly earnings, the actual figure was $0.11 per share, beating the consensus estimate by -81.40%. During the quarter, the company generated $13.6 million in EBITDA. The liabilities of Mercury Systems Inc. were 824.68 million at the end of its most recent quarter ended June 29, and its total debt was $582.84 million. The value of shareholders’ equity is $58.19 million.
Technical Picture
This quick technical analysis looks at Mercury Systems Inc.’s (MRCY) price momentum. With a historical volatility rate of 44.78%, the RSI 9-day stood at 49.87% on 16 August.
With respect to its five-day moving average, the current Mercury Systems Inc. price is down by -0.11% percent or -$0.04. At present, MRCY shares trade +0.08% above its 20-day simple moving average and -24.25% percent below its 100-day simple moving average. However, the stock is currently trading approximately -11.78% below its SMA50 and -25.87% below its SMA200.
Stochastic coefficient K was 21.95% and Stochastic coefficient D was 10.53%, while ATR was 1.39. Given the Stochastic reading of 60.82% for the 14-day period, the RSI (14) reading has been calculated as 48.80%. As of today, the MACD Oscillator reading stands at -1.20, while the 14-day reading stands at -1.70.
Analyst Ratings
Mercury Systems Inc. downgraded its rating on Mercury Systems Inc. (NASDAQ: MRCY) to a Neutral in a note to investors on June 26, 2023. The analysts firm previously had an Overweight rating on the stock.Mercury Systems Inc. (MRCY) has been rated Overweight by analysts. According to 0 brokerage firms, MRCY is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Mercury Systems Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $39.50, the current consensus forecast for the stock is $25.00 – $48.00. Based on these forecasts, analysts predict Mercury Systems Inc. (MRCY) will achieve an average price target of $38.63.
