Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $28.25 on Mercury Systems Inc (NASDAQ:MRCY) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.67 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Mercury Systems Inc (NASDAQ:MRCY) stands at 41.36.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Mercury Systems Inc, the PEG ratio for coming 3-5 years is 3.48.
The technical analysis highlights that Mercury Systems Inc current is trading $-1.62 points away or -6.55% from its 50-day moving average of $24.78. Further it is trading $2.03 or +9.61% away its 200-day moving average of $21.13.
The 52-week high of Mercury Systems Inc (NASDAQ:MRCY) was $26.37 while lowest point recorded in 52-week was $14.32. It implies if stock price makes a movement of over $-3.21, it will record a new 52-week high. In the case of +61.73% drop, it will touch a new 52-week low.
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