Why Mercury Systems Inc’s (MRCY) Stock Is Up 17.65%

By Cynthia McLaughlin
August 14, 2024
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Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Mercury Systems Inc before investing.

In this article, we go over a few key elements for understanding Mercury Systems Inc’s stock price such as:

  • Mercury Systems Inc’s current stock price and volume
  • Why Mercury Systems Inc’s stock price changed recently
  • Upgrades and downgrades for MRCY from analysts
  • MRCY’s stock price momentum as measured by its relative strength

About Mercury Systems Inc (MRCY)

Before we jump into Mercury Systems Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Mercury Systems, Inc. is a technology company that delivers processing power for aerospace and defense missions. The Company's end-to-end processing platform enables a range of aerospace and defense programs, optimized for mission success in challenging and demanding environments. Processing technologies that comprise its platform include signal solutions, display, software applications, networking, storage and secure processing. It manufactures components, products, modules and subsystems for defense prime contractors, the United States government, and original equipment manufacturers (OEM) commercial aerospace companies. Its mission critical solutions are deployed by its customers for a variety of applications, including command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR), electronic intelligence, mission computing avionics, electro-optical/infrared (EO/IR), electronic warfare, weapons and missile defense, hypersonics and radar.

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Mercury Systems Inc’s Stock Price as of Market Close

As of August 14, 2024, 4:00 PM, CST, Mercury Systems Inc’s stock price was $40.00.

Mercury Systems Inc is up 17.65% from its previous closing price of $34.00.

During the last market session, Mercury Systems Inc’s stock traded between $33.49 and $34.79. Currently, there are 57.70 million shares of Mercury Systems Inc stock available for purchase.

Unfortunately, Mercury Systems Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Mercury Systems Inc Stock Price History

Mercury Systems Inc’s (MRCY) price is currently up 12.52% so far this month.

During the month of August, Mercury Systems Inc’s stock price has reached a high of $42.72 and a low of $31.66.

Over the last year, Mercury Systems Inc has hit prices as high as $40.95 and as low as $25.31. Year to date, Mercury Systems Inc’s stock is down 10.59%.

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What Caused Mercury Systems Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 13, 2024, there were 2 analysts who downgraded Mercury Systems Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Mercury Systems Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Mercury Systems Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Mercury Systems Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Mercury Systems Inc (MRCY) by visiting AAII Stock Evaluator.

Relative Price Strength of Mercury Systems Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 13, 2024, Mercury Systems Inc has a weighted four-quarter relative price strength of -1.10%, which translates to a Momentum Score of 65 and is considered to be Strong.

Want to learn more about how Mercury Systems Inc is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Mercury Systems Inc Stock Price: Bottom Line

As of August 14, 2024, Mercury Systems Inc’s stock price is $40.00, which is up 17.65% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Mercury Systems Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.

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