Is Buying Mersana Therapeutics, Inc. (MRSN) Here a Winning Strategy?

March 14, 2018 - By Stephen Andrade

The stock of Mersana Therapeutics, Inc. (NASDAQ:MRSN) is a huge mover today! The stock increased 13.35% or $1.97 during the last trading session, reaching $16.73. About 237,224 shares traded or 135.87% up from the average. Mersana Therapeutics, Inc. (NASDAQ:MRSN) has 0.00% since March 14, 2017 and is . It has underperformed by 16.70% the S&P500.
The move comes after 8 months positive chart setup for the $380.66 million company. It was reported on Mar, 14 by We have $17.57 PT which if reached, will make NASDAQ:MRSN worth $19.03 million more.

Analysts await Mersana Therapeutics, Inc. (NASDAQ:MRSN) to report earnings on March, 15. After $-0.35 actual earnings per share reported by Mersana Therapeutics, Inc. for the previous quarter, Wall Street now forecasts 28.57 % negative EPS growth.

Mersana Therapeutics, Inc. (NASDAQ:MRSN) Ratings Coverage

Among 3 analysts covering Mersana Therapeutics Inc (NASDAQ:MRSN), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Mersana Therapeutics Inc had 3 analyst reports since July 24, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Monday, July 24 by J.P. Morgan. Cowen & Co initiated the stock with “Buy” rating in Monday, July 24 report. The rating was initiated by Leerink Swann on Monday, July 24 with “Buy”.

More notable recent Mersana Therapeutics, Inc. (NASDAQ:MRSN) news were published by: which released: “Mersana Therapeutics to Present at Wedbush PacGrow Healthcare Conference” on August 09, 2017, also with their article: “Is a Surprise Coming for Mersana Therapeutics (MRSN) This Earnings Season …” published on March 07, 2018, published: “Mersana Therapeutics to Present at Upcoming Investor Conferences” on December 15, 2017. More interesting news about Mersana Therapeutics, Inc. (NASDAQ:MRSN) were released by: and their article: “Mersana Therapeutics Inc.” published on June 05, 2017 as well as‘s news article titled: “Mersana Therapeutics Kicks Off A Major IPO Week” with publication date: June 26, 2017.

Mersana Therapeutics, Inc. is a biotechnology firm that discovers, engineers, and develops antibody drug conjugates to cure various cancers. The company has market cap of $380.66 million. The firm develops immune conjugate therapies to create drugs that enhance patientsÂ’ lives. It currently has negative earnings. It offers XMT-1522, a drug therapy for tumor models that express relatively low amounts of the HER2 protein; and human anti-HER2 antibody used in XMT-1522.

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