Marinus Pharmaceuticals, Inc. (NASDAQ:MRNS) is a stock to watch today. At current price of $4.47, the shares have already added 0.17 points (3.95% higher) from its previous close of $4.3. The stock sets an active trading volume day with a reported 228450 contracts so far this session. MRNS shares had a relatively better volume day versus average trading capacity of 719.61 thousand shares, but with a 52.04 million float and a 3.37% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for MRNS stock indicates that the average analyst price target is $16.06 per share. This means the stock has a potential increase of 259.28% from where the MRNS share price has been trading recently which is between $4.04 and $4.37. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $5.
The shorts are climbing into Marinus Pharmaceuticals, Inc. (MRNS) stock. The latest set of short interest data was released on 29 March 2019, and the numbers show a rise in short interest in MRNS shares. While short interest still represents only 6.02% of MRNS’s float, the number of shares shorted have risen by 380926. The number of shares shorted advanced to 3130964 shares, up from 2750038 shares during the preceding fortnight. With average daily trading volumes at 723011 shares, days to cover increased to about 3.233547 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Implied Volatility Surging for Marinus Pharmaceuticals (MRNS) Stock Options” and dated March 19, 2019.
During the recent trading session for Marinus Pharmaceuticals, Inc. (NASDAQ:MRNS), the company witnessed their stock rise $0.36 over a week and surge $0.49 from the price 20 days ago. When compared to their established 52-week high of $10.54, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 01/10/18. The recent low of $2.36 stood for a -57.59% since 12/21/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 3.21 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Marinus Pharmaceuticals, Inc., the two-week RSI stands at 58.05. This figure suggests that MRNS stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current MRNS readings is similarly very revealing as it has a stochastic reading of 53.8% at this stage. This figure means that MRNS share price today is being neutral.
Technical chart claims that Marinus Pharmaceuticals, Inc. (MRNS) would settle between $4.43/share to $4.57/share level. However, if the stock price goes below the $4.1 mark, then the market for Marinus Pharmaceuticals, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $3.91 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.11. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Jefferies, assumed coverage of MRNS assigning Buy rating, according to their opinion released on March 05. Mizuho analysts have lowered their rating of Marinus Pharmaceuticals, Inc. (NASDAQ:MRNS) stock from Buy to Neutral in a separate flash note issued to investors on February 27. Analysts at Leerink Partners, made their first call for the equity with a Outperform recommendation, according to a research note that dated back to February 06.
MRNS equity has an average rating of 1.62, with the figure leaning towards a bullish end. 8 analysts who tracked the company were contacted by Reuters. Amongst them, 1 rated the stock as a hold while the remaining 7 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 7 analysts rated Marinus Pharmaceuticals, Inc. (NASDAQ:MRNS) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.