What Are The Chances Of Mercury Systems Inc (NASDAQ: MRCY) Becoming A Clear Buy?

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. The stock was recently discussed on Yahoo Finance as it revealed that Mercury Systems Reports Second Quarter Fiscal 2024 Results.

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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. The current market capitalization of Mercury Systems Inc is $1.79B. A total of 0.79 million shares were traded on the day, compared to an average of 455.90K 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 5 BUY and 1 SELL insider trades, representing the acquisition of 294,922 and the disposition of 1,554 shares. Over the last 12 months, there were 39 BUYs and 34 SELLs from insiders. Insiders purchased 997,079 shares during that period but sold 38,661.

In the most recent transaction, McCarthy Michelle M sold 231 shares of MRCY for 36.90 per share on Dec 19. After the transaction, the SVP, CAO now owns 32,724 company shares. In a previous transaction on Nov 30, JANA Partners Management, LP bought 63,648 shares at 34.22 per share. MRCY shares that Director owns now total 5,217,272.

Among the insiders who bought shares, JANA Partners Management, LP acquired of 117,881 shares on Nov 29 at a per-share price of $33.22. This resulted in the Director holding 5,153,624 shares of MRCY after the transaction. In another insider transaction, JANA Partners Management, LP bought 64,435 shares at $33.14 per share on Nov 28. Company shares held by the Director now total 5,035,743.

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 $35.33 with high estimates of $48.00 and low estimates of $24.00. In terms of 52-week highs and lows, MRCY has a high of $55.39 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 $0.17 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 3.11.

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