Why Mersana Therapeutics Inc (NASDAQ: MRSN) At $1.88 Is Worth Your Money?

Mersana Therapeutics Inc (NASDAQ:MRSN) does about 1.66M shares in volume on a normal day but saw 1278267 shares change hands in Monday trading. The company now has a market cap of 230.04M USD. Its current market price is $1.88, marking an increase of 2.73% compared to the previous close of $1.83. The 52 week high reached by this stock is $6.28 whilst the lowest price level in 52 weeks is $0.80.

Mersana Therapeutics Inc (MRSN) has a 20-day trading average at $2.0575 and the current price is -70.06% off the 52-week high compared with 134.59% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.4707 and its 200-day simple moving average is $2.7276. If we look at the stock’s price movements over the week, volatility stands at 6.91%, which decreases to 5.98% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 32.64 to suggest the stock is neutral.

The consensus objective for the share price is $6.38, suggesting that the stock has a potential upside of 70.53% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 19, 2024 when JP Morgan upgraded the stock to “Neutral” and issued a price target of $5. Wedbush also upgraded the stock to “Outperform” from Neutral on February 29, 2024 at a price target of $2-$7. Guggenheim upgraded its price target at $7.

Mersana Therapeutics Inc (MRSN) stock is down -6.47% over the week and -18.61% over the past month. Its price is -18.97% year-to-date and -46.29% over the past year.

To reach the target analysts have set, the stock logically needs to grow 70.53 percent from here.

The company has a return on investment of -257.73% and return on equity of -292.19%. The beta has a value of 1.52. Price to book ratio is 8.22 and price to sales ratio is 6.01.