The stock of Marinus Pharmaceuticals Inc. (NASDAQ:MRNS) decreased by -$0.05 on Tuesday to finish at $7.29, down -0.68 percent. The last five days have seen an average of 652,480 shares of common stock traded. 32 times new highs were reached in the current year, with a gain of $3.31. The average number of shares traded over the last 20 days was 788,950, while the average volume over the last 50 days totaled 802,348.
MRNS stock dropped -31.48% since last month. On 08/16/23, the company’s shares reached a one-month low of $6.06. The stock touched a high of $11.15 on 06/13/23, after rallying from a low of $3.46 in 52 weeks. The price of MRNS stock has risen by 83.17% or $3.31 this year, reaching a new high 32 times. Still, the stock price is down -34.62% from the 52-week high.
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Insider Transactions
MRNS stock investors should be aware that Marinus Pharmaceuticals Inc. (MRNS) stock had its last reported insider trading activity 22 days ago on Aug 08. On Aug 08, CHAIRMAN AND CEO Braunstein Scott sold 30 shares at $8.94 each. This transaction resulted in the insider making $268. On Aug 08, Pfanstiel Steven sold 14 shares at a price of US$8.93. After the transaction, the insider now owns 49,324 shares. CHIEF MEDICAL OFFICER Hulihan Joseph had earlier sold 13 shares on Aug 08 for $8.93 a share. The transaction was completed for $116.
Valuation Metrics
Beta for the stock is 1.37. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 14.07, the price-to-book (PB) ratio of 6.69.
Financial Health
For the three months ended June 29, Marinus Pharmaceuticals Inc.’s quick ratio was 7.50, while its current ratio was 7.60, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.19, and the total debt to equity ratio is 1.26. As far as profitability goes, gross margin for the trailing twelve months is 96.40% percent. Based on annual data, it had gross profit of $25.14 million and revenue of $25.48 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. MRNS’s return on assets (ROA) during the last 12 months has been -13.30%. There was a -63.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -35.30%.
Earnings Surprise
According to Marinus Pharmaceuticals Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $6.08 million, while revenues rose by 70.56% to $10.38 million. It was predicted that Marinus Pharmaceuticals Inc.’s quarterly earnings would be -$0.61, but it ended up being -$0.72, beating the consensus by 15.30%. EBITDA was -$31.55 million for the quarter. At the end of Marinus Pharmaceuticals Inc.’s most recent quarter ended June 29, its liabilities totaled 143.86 million, while its total debt was $107.16 million. Equity owned by shareholders amounts to $50.61 million.
Technical Picture
Here’s a quick look at Marinus Pharmaceuticals Inc.’s (MRNS) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 42.46%, suggesting the stock is Neutral, with a 62.06% historical volatility rate.
The stochastic %K and %D were 40.79% and 32.97% respectively, while the average true range (ATR) was 0.54. Based on the 14-day stochastic reading of 47.13%, the RSI (14) reading is 40.42%. On the 9-day MACD Oscillator, the stock is at 0.03, and the 14-day reading is at 0.18.
Analyst Ratings
Marinus Pharmaceuticals Inc. (NASDAQ: MRNS) was downgraded by Oppenheimer to a a Perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Marinus Pharmaceuticals Inc. (MRNS) an Buy rating. MRNS is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 9 others recommend it as a buy.
What is MRNS’s price target for the next 12 months?
The current consensus forecast for the stock is between $9.00 and $32.00, with a median target price of $20.00. In analyzing these forecasts, the average price target given by analysts for Marinus Pharmaceuticals Inc. (MRNS) is $20.60.
