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Sunday, December 3, 2023

Analysts Point To Mercury Systems Inc (NASDAQ: MRCY) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Mercury Systems Inc (MRCY) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.44, or -1.28%, to $33.81. The Mercury Systems Inc has recorded 2,052 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Mercury Announces Mission Systems Leadership Transition.

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Stocks Info

As a NASDAQ listed company, MRCY falls under the Industrials sector while operating within the Aerospace & Defense industry segment. At the end of the last regular session, the stock closed at $34.25 and fluctuated between $34.47 as its day high and $33.20 as its day low. The current market capitalization of Mercury Systems Inc is $2.03B. A total of 0.63 million shares were traded on the day, compared to an average of 800.09K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, MRCY has seen 27 BUY and 8 SELL insider trades, representing the acquisition of 644,625 and the disposition of 5,217 shares. Over the last 12 months, there were 35 BUYs and 31 SELLs from insiders. Insiders purchased 704,871 shares during that period but sold 32,907.

In the most recent transaction, Couture Allen sold 2,558 shares of MRCY for 38.59 per share on Oct 18. After the transaction, the EVP, Execution Excellence now owns 65,222 company shares. In a previous transaction on Oct 16, Stevison James Mitch sold 1,642 shares at 38.81 per share. MRCY shares that EVP, President Mission Systems owns now total 86,385.

Among the insiders who sold shares, CAMBRIA CHRISTOPHER C disposed of 1,508 shares on Sep 06 at a per-share price of $36.65. This resulted in the EVP, Gen Counsel & Secretary holding 135,730 shares of MRCY after the transaction. In another insider transaction, JANA PARTNERS LLC bought 50,000 shares at $38.05 per share on Aug 18. Company shares held by the Director now total 4,711,386.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for MRCY in the last 3 months, the mean price target is $38.00 with high estimates of $48.00 and low estimates of $32.00. In terms of 52-week highs and lows, MRCY has a high of $59.13 and a low of $28.90.

As of this writing, MRCY has an earnings estimate of $0.07 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.24 per share and a lower estimate of -$0.12. The company reported an EPS of $0.11 in the last quarter, which was -81.40% lower than expectations of $0.59.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. MRCY’s latest balance sheet shows that the firm has $65.65M in Cash & Short Term Investments as of fiscal 2022. There were $521.39M in debt and $193.93M in liabilities at the time. Its Book Value Per Share was $26.90, while its Total Shareholder’s Equity was $1.54B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MRCY is Buy with a score of 3.63.

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