With 2.72 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.72 million shares. The 52-week range on MRVI shows that it touched its highest point at $11.56 and its lowest point at $2.63 during that stretch. It currently has a 1-year price target of $8.34. Beta for the stock currently stands at 0.05.
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 MRVI was down-trending over the past week, with a drop of -7.04%, but this was down by -42.36% over a month. Three-month performance dropped to -48.13% while six-month performance fell -70.83%. The stock lost -63.28% in the past year, while it has lost -51.56% so far this year. A look at the trailing 12-month EPS for MRVI yields -1.65 with Next year EPS estimates of -0.07. For the next quarter, that number is -0.04. This implies an EPS growth rate of -361.93% for this year and 16.17% for next year.
Float and Shares Shorts:
At present, 141.59 million MRVI shares are outstanding with a float of 117.88 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MRVI since 7 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. 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. Analysts have provided yearly estimates in a range of -$0.06735257 being high and -$0.10103 being low. For MRVI, this leads to a yearly average estimate of -$0.078578. Based on analyst estimates, the high estimate for the next quarter is $0.0 and the low estimate is -$0.06. The average estimate for the next quarter is thus -$0.02.
