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Buy or Sell Mercury General Corporation (MCY) Stock Now | Don’t Try to Be a Top Gun

Mercury General Corporation (NYSE:MCY) went down by -11.91% from its latest closing price compared to the recent 1-year high of $61.99. The company’s stock price has collected -15.58% of loss in the last five trading sessions.

Is It Worth Investing in Mercury General Corporation (NYSE :MCY) Right Now?

Plus, the 36-month beta value for MCY is at 0.43.

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MCY currently public float of 26.57M and currently shorts hold a 6.32% ratio of that float. Today, the average trading volume of MCY was 391.36K shares.

MCY’s Market Performance

MCY stocks went down by -15.58% for the week, with a monthly drop of -20.84% and a quarterly performance of -31.87%, while its annual performance rate touched -42.03%. The volatility ratio for the week stands at 3.96% while the volatility levels for the past 30 days are set at 2.76% for Mercury General Corporation. The simple moving average for the period of the last 20 days is -17.88% for MCY stocks with a simple moving average of -31.15% for the last 200 days.

Analysts’ Opinion of MCY

Keefe Bruyette, on the other hand, stated in their research note that they expect to see MCY reach a price target of $50. The rating they have provided for MCY stocks is “Mkt Perform” according to the report published on October 29th, 2019.

Compass Point gave a rating of “Neutral” to MCY, setting the target price at $51 in the report published on August 02nd of the previous year.

MCY Trading at -21.73% from the 50-Day Moving Average

After a stumble in the market that brought MCY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -43.20% of loss for the given period.

Volatility was left at 2.76%, however, over the last 30 days, the volatility rate increased by 3.96%, as shares sank -21.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.47% lower at present.

During the last 5 trading sessions, MCY fell by -15.58%, which changed the moving average for the period of 200-days by -36.33% in comparison to the 20-day moving average, which settled at $42.39. In addition, Mercury General Corporation saw -33.64% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at MCY starting from Little Joshua Eric, who purchase 100 shares at the price of $47.33 back on May 19. After this action, Little Joshua Eric now owns 2,100 shares of Mercury General Corporation, valued at $4,733 using the latest closing price.

Little Joshua Eric, the Director of Mercury General Corporation, purchase 300 shares at $52.06 during a trade that took place back on Nov 16, which means that Little Joshua Eric is holding 2,000 shares at $15,618 based on the most recent closing price.

Stock Fundamentals for MCY

Current profitability levels for the company are sitting at:

  • +7.92 for the present operating margin

The net margin for Mercury General Corporation stands at +6.21. Equity return is now at value -2.70, with -0.80 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 0.71.

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