Merus N.V (NASDAQ:MRUS) shares, rose in value, with the stock price up by 0.24% to the previous day’s close as strong demand from buyers drove the stock to $45.04.
Actively observing the price movement in the last trading, the stock closed the session at $44.93. Referring to stock’s 52-week performance, its high was $52.03, and the low was $18.21. On the whole, MRUS has fluctuated by 0.65% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MRUS’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of MRUS currently trading nearly 5.51% and 0.21% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.30, while the 7-day volatility ratio is showing 5.07% which for the 30-day chart, stands at 4.03%. Furthermore, Merus N.V (MRUS)’s beta value is 1.10, and its average true range (ATR) is 1.89.
A comparison of Merus N.V (MRUS) with its peers suggests the former has fared considerably weaker in the market. MRUS showed an intraday change of 0.24% in last session, and over the past year, it grew by 127.36%%.
Data on historical trading for Merus N.V (NASDAQ:MRUS) indicates that the trading volumes over the past 3 months, they’ve averaged 603.00K. According to company’s latest data on outstanding shares, there are 57.83 million shares outstanding.
Nearly 24.56% of Merus N.V’s shares belong to company insiders and institutional investors own 71.00% of the company’s shares. The stock has risen by 63.78% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MRUS stock heading into the next quarter.
