A new trading day began on Monday, with Mercer International Inc. (NASDAQ: MERC) stock price down -6.27% from the previous day of trading, before settling in for the closing price of $6.70. MERC’s price has ranged from $5.33 to $11.20 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Basic Materials sector was 7.93%. Meanwhile, its annual earnings per share averaged 71.19%. With a float of $38.18 million, this company’s outstanding shares have now reached $66.53 million.
Considering the fact that the conglomerate employs 3508 people, you should pay attention to its efficiency factor. 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) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Paper & Paper Products Industry. The insider ownership of Mercer International Inc. is 42.90%, while institutional ownership is 52.19%. The most recent insider transaction that took place on Sep 13 ’24, was worth 51,480. In this transaction CEO & President of this company bought 7,800 shares at a rate of $6.60, taking the stock ownership to the 67,615 shares. Before that another transaction happened on Sep 11 ’24, when Company’s Director bought 4,000 for $6.10, making the entire transaction worth $24,400. This insider now owns 46,463 shares in total.
Mercer International Inc. (MERC) Recent Fiscal highlights
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.39 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.1 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 71.19% per share during the next fiscal year.
Mercer International Inc. (NASDAQ: MERC) Trading Performance Indicators
Here are Mercer International Inc.’s current performance indicators. According to the last quarter’s results, the 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 0.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.96, a number that is poised to hit -0.29 in the next quarter and is forecasted to reach -0.08 in one year’s time.
Technical Analysis of Mercer International Inc. (MERC)
Compared to the last year’s volume of 0.36 million, its volume of 0.47 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 19.97%. Additionally, its Average True Range was 0.32.
During the past 100 days, Mercer International Inc.’s (MERC) raw stochastic average was set at 21.35%, which indicates a significant increase from 2.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.58% in the past 14 days, which was lower than the 48.31% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.46, while its 200-day Moving Average is $8.36. Nevertheless, the first resistance level for the watch stands at $6.53 in the near term. At $6.78, the stock is likely to face the second major resistance level. The third major resistance level sits at $6.92. If the price goes on to break the first support level at $6.14, it is likely to go to the next support level at $6.00. Now, if the price goes above the second support level, the third support stands at $5.75.
Mercer International Inc. (NASDAQ: MERC) Key Stats
With a market capitalization of 419.94 million, the company has a total of 66,850K Shares Outstanding. Currently, annual sales are 1,994 M while annual income is -242,060 K. The company’s previous quarter sales were 499,380 K while its latest quarter income was -67,590 K.
