Mercury Systems Inc (NASDAQ: MRCY)’s stock price has decreased by -1.17 compared to its previous closing price of 29.11. However, the company has seen a 0.38% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-08 that Mercury Systems’ (MRCY) third-quarter fiscal 2024 top-line results suffer due to increasing operating expenses as a percentage of revenues and margin pressure.
Is It Worth Investing in Mercury Systems Inc (NASDAQ: MRCY) Right Now?
Additionally, the 36-month beta value for MRCY is 0.68. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 4 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for MRCY is 57.26M and currently, short sellers hold a 7.17% ratio of that float. The average trading volume of MRCY on May 09, 2024 was 501.69K shares.
MRCY’s Market Performance
MRCY’s stock has seen a 0.38% increase for the week, with a -1.78% drop in the past month and a 7.35% gain in the past quarter. The volatility ratio for the week is 3.97%, and the volatility levels for the past 30 days are at 3.75% for Mercury Systems Inc The simple moving average for the last 20 days is 0.97% for MRCY stock, with a simple moving average of -14.34% for the last 200 days.
Analysts’ Opinion of MRCY
Many brokerage firms have already submitted their reports for MRCY stocks, with Truist repeating the rating for MRCY by listing it as a “Hold.” The predicted price for MRCY in the upcoming period, according to Truist is $28 based on the research report published on February 07, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see MRCY reach a price target of $24, previously predicting the price at $37. The rating they have provided for MRCY stocks is “Sell” according to the report published on January 10th, 2024.
Jefferies gave a rating of “Underperform” to MRCY, setting the target price at $30 in the report published on January 03rd of the current year.
MRCY Trading at -0.23% from the 50-Day Moving Average
After a stumble in the market that brought MRCY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -34.37% of loss for the given period.
Volatility was left at 3.75%, however, over the last 30 days, the volatility rate increased by 3.97%, as shares surge +0.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.84% lower at present.
During the last 5 trading sessions, MRCY rose by +0.38%, which changed the moving average for the period of 200-days by -20.79% in comparison to the 20-day moving average, which settled at $28.50. In addition, Mercury Systems Inc saw -21.33% 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 MRCY starting from Ratner Steven, who sale 129 shares at the price of $28.75 back on Feb 20 ’24. After this action, Ratner Steven now owns 0 shares of Mercury Systems Inc, valued at $3,709 using the latest closing price.
Ratner Steven, the EVP, CHRO of Mercury Systems Inc, sale 1,895 shares at $29.55 during a trade that took place back on Feb 16 ’24, which means that Ratner Steven is holding 52,604 shares at $55,988 based on the most recent closing price.
Stock Fundamentals for MRCY
Current profitability levels for the company are sitting at:
- -0.18 for the present operating margin
- 0.23 for the gross margin
The net margin for Mercury Systems Inc stands at -0.16. The total capital return value is set at -0.07. Equity return is now at value -8.91, with -5.67 for asset returns.
Based on Mercury Systems Inc (MRCY), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.03. The debt to equity ratio resting at 0.48. The interest coverage ratio of the stock is -10.23.
Currently, EBITDA for the company is 89.37 million with net debt to EBITDA at -7.94. When we switch over and look at the enterprise to sales, we see a ratio of 2.68. The receivables turnover for the company is 2.01for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.58.
Conclusion
In conclusion, Mercury Systems Inc (MRCY) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
