Company’s 36-month beta value is 1.38.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for MERC is 38.22M, and currently, short sellers hold a 2.65% ratio of that floaft. The average trading volume of MERC on August 13, 2024 was 259.86K shares.
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MERC) stock’s latest price update
Mercer International Inc. (NASDAQ: MERC)’s stock price has decreased by -9.09 compared to its previous closing price of 6.93. However, the company has seen a -2.78% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-09 that Mercer International Inc. (NASDAQ:MERC ) Q2 2024 Earnings Conference Call August 9, 2024 10:00 AM ET Company Participants Richard Short – CFO & Secretary Juan Carlos Bueno – President & CEO Conference Call Participants Hamir Patel – CIBC Brandon Hole – CIFC Asset Management Kasia Kopytek – TD Cowen Operator Good morning, and welcome to Mercer International’s Second Quarter 2024 Earnings Conference Call. On the call today is Juan Carlos Bueno, President and Chief Executive Officer of Mercer International; and Robert Short, CFO and Secretary.
MERC’s Market Performance
Mercer International Inc. (MERC) has experienced a -2.78% fall in stock performance for the past week, with a -25.71% drop in the past month, and a -40.06% drop in the past quarter. The volatility ratio for the week is 7.43%, and the volatility levels for the past 30 days are at 4.90% for MERC. The simple moving average for the last 20 days is -16.19% for MERC stock, with a simple moving average of -30.21% for the last 200 days.
Analysts’ Opinion of MERC
CIBC gave a rating of “Sector Underperform” to MERC, setting the target price at $8 in the report published on July 20th of the previous year.
MERC Trading at -23.16% from the 50-Day Moving Average
After a stumble in the market that brought MERC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -43.75% of loss for the given period.
Volatility was left at 4.90%, however, over the last 30 days, the volatility rate increased by 7.43%, as shares sank -22.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -33.68% lower at present.
During the last 5 trading sessions, MERC fell by -2.78%, which changed the moving average for the period of 200-days by -26.83% in comparison to the 20-day moving average, which settled at $7.42. In addition, Mercer International Inc. saw -33.54% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MERC
Current profitability levels for the company are sitting at:
- -0.02 for the present operating margin
- 0.26 for the gross margin
The net margin for Mercer International Inc. stands at -0.1. The total capital return value is set at -0.02. Equity return is now at value -32.34, with -7.72 for asset returns.
Based on Mercer International Inc. (MERC), the company’s capital structure generated 0.76 points at debt to capital in total, while cash flow to debt ratio is standing at -0.0. The debt to equity ratio resting at 3.24. The interest coverage ratio of the stock is -7.56.
Currently, EBITDA for the company is 26.48 million with net debt to EBITDA at 3.08. When we switch over and look at the enterprise to sales, we see a ratio of 0.88. The receivables turnover for the company is 5.78for trailing twelve months and the total asset turnover is 0.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.46.
Conclusion
In a nutshell, Mercer International Inc. (MERC) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
