MERC Stock Summary and Trading Ideas (Mercer Intl | NASDAQ:MERC)

Mercer International Inc is a forest products company with two reportable operating segments in pulp and solid wood. The pulp segment consists of the manufacture, sale, and distribution of pulp, electricity, and chemicals. The solid wood segment consists of the manufacture, sale, and distribution of lumber, manufactured products wood pallets, electricity, biofuels, and wood residuals from sawmills and other facilities located in Germany and the United States. The company has a geographical presence in the USA, Germany, China, and Other countries, where the majority of revenue is generated from the USA. The majority of the revenue is generated from the Pulp segment.

Mercer Intl trades on the NASDAQ stock market under the symbol MERC.

As of April 24, 2024, MERC stock price climbed to $10.00 with 28,284 million shares trading.

MERC has a beta of 1.37, meaning it tends to be more sensitive to market movements. MERC has a correlation of 0.11 to the broad based SPY ETF.

MERC has a market cap of $665.25 million. This is considered a Small Cap stock.

Last quarter Mercer Intl reported $470 million in Revenue and -$.80 earnings per share. This fell short of revenue expectation by $-38 million and missed earnings estimates by -$.26.

In the last 3 years, MERC stock traded as high as $18.14 and as low as $7.01.

The top ETF exchange traded funds that MERC belongs to (by Net Assets): IJR, VXF, FNDA, AVUV, IJS.

MERC stock has underperformed the market in the last year with a return of +13.3%, while SPY returned +23.7%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in MERC shares. However, MERC has outperformed the market in the last 3 month and 2 week periods, returning +16.5% and -0.3%, while SPY returned +4.1% and -3.1%, respectively. This indicates MERC has been having a stronger performance recently.

MERC support price is $9.68 and resistance is $10.26 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MERC stock will trade within this expected range on the day.