With 0.52 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.52 million shares. During the session, the Paper & Paper Products company that operates in wider Basic Materials sector, reached to the highest price of $6.525 whereas the lowest price it dropped to was $6.36. The 52-week range on MERC shows that it touched its highest point at $11.20 and its lowest point at $5.33 during that stretch. It currently has a 1-year price target of $7.88. With its current market cap of 428.64 million, MERC has annualized dividend of $0.30 while the current yield stands at 4.68%. Beta for the stock currently stands at 1.36.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MERC was down-trending over the past week, with a drop of -0.47%, but this was up by 2.23% over a month. Three-month performance dropped to -25.55% while six-month performance fell -34.86%. The stock lost -22.86% in the past year, while it has lost -32.38% so far this year. A look at the trailing 12-month EPS for MERC yields -2.96 with Next year EPS estimates of -0.04. For the next quarter, that number is 0.08. This implies an EPS growth rate of 84.32% for this year and 92.14% for next year.
Float and Shares Shorts:
At present, 66.53 million MERC shares are outstanding with a float of 38.18 million shares on hand for trading. On 2024-08-30, short shares totaled 1.66 million, which was 248.0 higher than short shares on 1722384000. In addition to Mr. Juan Carlos Bueno as the firm’s CEO, President & Director, Mr. Jimmy S. H. Lee B.Sc. serves as its Chairman Emeritus.
Institutional Ownership:
Through their ownership of 0.57978 of MERC’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, MERC reported revenue of $499384000.0 and operating income of $-9502000.0. The EBITDA in the recently reported quarter was $34738000.0 and diluted EPS was $-1.01.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MERC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
