Mercer International Inc. (NASDAQ: MERC) kicked off on Friday, up 5.15% from the previous trading day, before settling in for the closing price of $6.41. Over the past 52 weeks, MERC has traded in a range of $5.33-$11.20.
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Annual sales at Basic Materials sector company grew by 7.93% over the past five years. While this was happening, its average annual earnings per share was recorded 84.32%. With a float of $38.19 million, this company’s outstanding shares have now reached $66.53 million.
Let’s look at the performance matrix of the company that is accounted for 3508 employees. In terms of profitability, gross margin is 25.54%, operating margin of -2.31%, and the pretax margin is -9.9%.
Mercer International Inc. (MERC) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Paper & Paper Products Industry. The insider ownership of Mercer International Inc. is 42.88%, while institutional ownership is 52.16%. The most recent insider transaction that took place on Sep 11 ’24, was worth 24,400. In this transaction Director of this company bought 4,000 shares at a rate of $6.10, taking the stock ownership to the 46,463 shares. Before that another transaction happened on Sep 11 ’24, when Company’s Director bought 2,000 for $6.04, making the entire transaction worth $12,080. This insider now owns 2,000 shares in total.
Mercer International Inc. (MERC) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.39 earnings per share (EPS), higher than consensus estimate (set at -0.76) by 0.37. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.13 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 84.32% per share during the next fiscal year.
Mercer International Inc. (NASDAQ: MERC) Trading Performance Indicators
Take a look at Mercer International Inc.’s (MERC) current performance indicators. Last quarter, stock had a quick ratio of 2.17. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.23.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.96, a number that is poised to hit 0.08 in the next quarter and is forecasted to reach -0.04 in one year’s time.
Technical Analysis of Mercer International Inc. (MERC)
Mercer International Inc. (NASDAQ: MERC) saw its 5-day average volume 0.84 million, a positive change from its year-to-date volume of 0.28 million. As of the previous 9 days, the stock’s Stochastic %D was 84.28%. Additionally, its Average True Range was 0.37.
During the past 100 days, Mercer International Inc.’s (MERC) raw stochastic average was set at 24.02%, which indicates a significant decrease from 100.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 67.29% in the past 14 days, which was higher than the 48.30% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.95, while its 200-day Moving Average is $8.69. Nevertheless, the first resistance level for the watch stands at $6.88 in the near term. At $7.02, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.30. If the price goes on to break the first support level at $6.46, it is likely to go to the next support level at $6.18. Assuming the price breaks the second support level, the third support level stands at $6.04.
Mercer International Inc. (NASDAQ: MERC) Key Stats
The company with the Market Capitalisation of 450.70 million has total of 66,850K Shares Outstanding. Its annual sales at the moment are 1,994 M in contrast with the sum of -242,060 K annual income. Company’s last quarter sales were recorded 499,380 K and last quarter income was -67,590 K.
