Mercury Systems Stock Price, News & Analysis (NASDAQ:MRCY)

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mercury Systems in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MRCY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MRCY, but not buy additional shares or sell existing shares.
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7 Wall Street research analysts have issued 1-year target prices for Mercury Systems' stock. Their MRCY share price targets range from $25.00 to $55.00. On average, they predict the company's stock price to reach $38.29 in the next twelve months. This suggests a possible upside of 7.8% from the stock's current price.
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Mercury Systems' stock was trading at $44.74 on January 1st, 2023. Since then, MRCY shares have decreased by 20.6% and is now trading at $35.52.
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Mercury Systems saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 3,670,000 shares, an increase of 16.9% from the October 31st total of 3,140,000 shares. Based on an average daily trading volume, of 502,500 shares, the days-to-cover ratio is presently 7.3 days.
View Mercury Systems' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 30th 2024.
View our MRCY earnings forecast.

Mercury Systems, Inc. (NASDAQ:MRCY) posted its quarterly earnings results on Tuesday, November, 7th. The technology company reported ($0.36) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by $0.32. The technology company earned $180.99 million during the quarter, compared to the consensus estimate of $218.16 million. Mercury Systems had a negative trailing twelve-month return on equity of 0.17% and a negative net margin of 5.47%.

ETFs with the largest weight of Mercury Systems (NASDAQ:MRCY) stock in their portfolio include LeaderShares Activist Leaders ETF (ACTV), SPDR S&P Aerospace & Defense ETF (XAR), VictoryShares Protect America ETF (SHLD), First Trust Indxx Aerospace & Defense ETF (MISL), Gabelli Commercial Aerospace & Defense ETF (GCAD), iShares U.S. Aerospace & Defense ETF (ITA), Invesco Aerospace & Defense ETF (PPA) and Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN).

Mercury Systems updated its FY24 earnings guidance on Tuesday, November, 7th. The company provided EPS guidance of $1.19-$1.54 for the period, compared to the consensus estimate of $1.33. The company issued revenue guidance of $950-$1.00 billion, compared to the consensus revenue estimate of $975.80 million.

291 employees have rated Mercury Systems Chief Executive Officer Mark Aslett on Glassdoor.com. Mark Aslett has an approval rating of 98% among the company's employees. This puts Mark Aslett in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Mercury Systems investors own include NVIDIA (NVDA), QUALCOMM (QCOM), Advanced Micro Devices (AMD), Boeing (BA), AT&T (T), Cisco Systems (CSCO), Netflix (NFLX), Skyworks Solutions (SWKS), Micron Technology (MU) and PayPal (PYPL).

Mercury Systems' stock is owned by many different retail and institutional investors. Top institutional shareholders include William Blair Investment Management LLC (11.60%), JANA Partners Management LP (7.94%), Conestoga Capital Advisors LLC (3.71%), Victory Capital Management Inc. (3.05%), Bamco Inc. NY (2.82%) and Royal Bank of Canada (1.50%). Insiders that own company stock include Allen Couture, Brian E Perry, Christopher C Cambria, Howard L Lance, James Mitch Stevison, Jana Partners Llc, Jana Partners Management, Lp, Mark Aslett, Michael Ruppert, Michelle M Mccarthy, Thomas Huber and William L Ballhaus.
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Shares of MRCY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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