In the past week, MCY stock has gone down by -26.52%, with a monthly decline of -34.64% and a quarterly plunge of -25.82%. The volatility ratio for the week is 3.58%, and the volatility levels for the last 30 days are 2.96% for Mercury General Corp The simple moving average for the last 20 days is -27.93% for MCY stock, with a simple moving average of -21.05% for the last 200 days.
Is It Worth Investing in Mercury General Corp (NYSE: MCY) Right Now?
The price-to-earnings ratio for Mercury General Corp (NYSE: MCY) is 4.79x, which is above its average ratio. Moreover, the 36-month beta value for MCY is 0.90. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MCY is 26.56M and currently, short sellers hold a 3.92% of that float. On January 10, 2025, MCY’s average trading volume was 267.96K shares.
MCY) stock’s latest price update
Mercury General Corp (NYSE: MCY) has seen a decline in its stock price by -20.40 in relation to its previous close of 60.70. However, the company has experienced a -26.52% decline in its stock price over the last five trading sessions. prnewswire.com reported 2025-01-10 that LOS ANGELES, Jan. 10, 2025 /PRNewswire/ — Mercury General Corporation (the “Company,” “Mercury” or “We”) announced today its preliminary assessment of the impact of the recent wildfires in Southern California. An extreme wind-driven wildfire event that began on January 7, 2025 has caused widespread damage across parts of Southern California.
Analysts’ Opinion of MCY
Many brokerage firms have already submitted their reports for MCY stocks, with Raymond James repeating the rating for MCY by listing it as a “Outperform.” The predicted price for MCY in the upcoming period, according to Raymond James is $33 based on the research report published on July 07, 2023 of the previous year 2023.
Raymond James, on the other hand, stated in their research note that they expect to see MCY reach a price target of $45. The rating they have provided for MCY stocks is “Strong Buy” according to the report published on November 04th, 2022.
MCY Trading at -32.10% 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 -40.14% of loss for the given period.
Volatility was left at 2.96%, however, over the last 30 days, the volatility rate increased by 3.58%, as shares sank -32.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.39% lower at present.
During the last 5 trading sessions, MCY fell by -26.11%, which changed the moving average for the period of 200-days by -0.67% in comparison to the 20-day moving average, which settled at $67.06. In addition, Mercury General Corp saw -27.32% 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 Ribisi Mark Allan, who purchase 55 shares at the price of $64.71 back on Jan 07 ’25. After this action, Ribisi Mark Allan now owns 680 shares of Mercury General Corp, valued at $3,559 using the latest closing price.
THE TIRADOR LIVINGTRUST, the Officer of Mercury General Corp, proposed sale 12,500 shares at $78.11 during a trade that took place back on Dec 05 ’24, which means that THE TIRADOR LIVINGTRUST is holding shares at $976,435 based on the most recent closing price.
Stock Fundamentals for MCY
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.94 for the gross margin
The net margin for Mercury General Corp stands at 0.1. The total capital return value is set at 0.08. Equity return is now at value 34.50, with 7.43 for asset returns.
Based on Mercury General Corp (MCY), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at 1.77. The debt to equity ratio resting at 0.31. The interest coverage ratio of the stock is 20.05.
Currently, EBITDA for the company is 195.84 million with net debt to EBITDA at -0.06. When we switch over and look at the enterprise to sales, we see a ratio of 0.48. The receivables turnover for the company is 7.56for trailing twelve months and the total asset turnover is 0.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.57.
Conclusion
To wrap up, the performance of Mercury General Corp (MCY) has been bad in recent times. The stock has received a mixed of “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.
