MRCY Stock Summary and Trading Ideas (Mercury Systems | NASDAQ:MRCY)

Mercury Systems Inc is a commercial technology company serving the aerospace and defense industry. The company envisions, creates and delivers secure open architecture solutions powering a broad range of mission-critical applications in the challenging and demanding environments. Inspired by its purpose of delivering Innovation that Matters, By and For People Who Matter, Mercury helps make the world a safer, more secure place for all.

Mercury Systems trades on the NASDAQ stock market under the symbol MRCY.

As of April 18, 2024, MRCY stock price climbed to $28.31 with 325,996 million shares trading.

MRCY has a beta of 0.53, meaning it tends to be less sensitive to market movements. MRCY has a correlation of 0.03 to the broad based SPY ETF.

MRCY has a market cap of $1.68 billion. This is considered a Small Cap stock.

Last quarter Mercury Systems reported $197 million in Revenue and -$.42 earnings per share. This fell short of revenue expectation by $-17 million and missed earnings estimates by -$.50.

In the last 3 years, MRCY stock traded as high as $79.08 and as low as $25.31.

The top ETF exchange traded funds that MRCY belongs to (by Net Assets): IJR, XAR, VTI, VB, VXF.

MRCY has underperformed the market in the last year with a return of -42.5%, while the SPY ETF gained +22.2%. In the last 3 month period, MRCY fell short of the market, returning -8.4%, while SPY returned +5.2%. However, in the most recent 2 weeks MRCY has outperformed the stock market by returning -0.4%, while SPY returned -2.6%.

MRCY support price is $26.78 and resistance is $28.14 (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 MRCY stock will trade within this expected range on the day.