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Marinus Pharmaceuticals: MRNS Stock Price Quote & News

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The increase in interest income was driven by the overall increase in cash, cash equivalents and short-term investments and increased yield on those balances. The company reported a net loss of 34.7 million for the three-months ended March 31, 2023 as compared to a net loss of 19.4 million for the same period in the prior year. The interim analysis is more than 90% power to show a 40% treatment effect. We expect that successful achievement of the co-primary endpoints would serve as the basis for submission of a regulatory filing in the U.S.

Quantbot Technologies LP acquired a new position in shares of Marinus Pharmaceuticals during the first quarter valued at $40,000. Jane Street Group LLC acquired a new position in shares of Marinus Pharmaceuticals during the fourth quarter valued at $47,000. PDT Partners LLC acquired a new position in shares of Marinus Pharmaceuticals during the second quarter valued at $63,000.

MRNS Marinus Pharmaceuticals Inc

These efforts will include initiating an emotional and functional patient journey market research project, treater identification analyses, and a U.S. TSC landscape assessment to identify leverage points, existing behaviors and beliefs to create a brand strategy that enables the optimization of the introduction of ZTALMY to the U.S. Shares of biotech Marinus Pharmaceuticals Inc. slid more than 14% in premarket trade Tuesday, after the company reported a wider-than-expected loss for 2017. Marinus Pharmaceuticals saw a decrease in short interest during the month of April. As of April 30th, there was short interest totaling 1,530,000 shares, a decrease of 19.9% from the April 15th total of 1,910,000 shares. Based on an average trading volume of 564,400 shares, the days-to-cover ratio is presently 2.7 days.

stock mrns

Adding to the allure of the dividend is an incredibly strong balance sheet, with a debt-to-equity ratio of 0.12 times. That’s incredibly low and suggests that there’s room for acquisitions and capital investment plans, and still ample room for adversity before the dividend would be at risk. The company also covers its trailing-12-month interest expenses by roughly 100 times, which is an astoundingly strong number.

NASDAQ: MRNSMarinus Pharmaceuticals Inc Stock Forecast, Predictions & Price Target

And, even more important for dividend growth investors, it has done so at a fairly rapid clip, noting that the average annualized increase over the past decade was a generous 14%. So while dividend increases will ebb and flow over time, 14% is not a historical artifact that is out of reach in the future. With a $30 billion market cap, it isn’t too surprising to find industrial stock Fastenal (FAST -1.07%) in the S&P 500 index, even though it probably isn’t a household name. But given its impressive dividend growth record, it should be a top-of-mind option for income-oriented investors. Total payer coverage for ZTALMY increase to approximately 225 million lives, including both commercial and government programs.

The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, September 22nd 2020. An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split. Marinus Pharmaceuticals’ stock was trading at $3.98 at the beginning of 2023. Since then, MRNS stock has increased by 113.8% and is now trading at $8.51. At its core, Fastenal sells little things that get used a lot by its industrial customers. The list is fairly wide, ranging from, as its name suggests, fasteners to tools.

Oppenheimer initiated coverage on GE Healthcare with an outperform rating, calling it an “attractive large-cap diagnostics & imaging play.” Its price target of $97 per share implies shares rallying 20% from Monday’s close. “WAL does not share a ton in terms of business model and balance sheet characteristics relative to the three failed banks,” Poonawala wrote in a Tuesday note. He added that Western Alliance’s “business model [is] more resilient than perceived.” Morgan Stanley’s price target of $12 implies just 3.6% upside from where shares closed on Monday. While Marinus Pharmaceuticals currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

S&P 500 futures and Nasdaq-100 futures gained 0.4% and 0.2%, respectively. Futures tied to the Dow Jones Industrial average slipped point, or less than 0.1%. China’s economic data for April widely missed expectations as the economy continued to show an uneven recovery path as it emerges from the impact of its stringent Covid restrictions. This was because April data showed “the labor market remained tight and that inflationary pressures were significant,” the board said. Minutes from the Reserve Bank of Australia showed that the central bank still sees rate hikes “may still be required,” depending on how the economy and inflation in Australia evolve.

The average analyst rating for MRNS stock from 8 stock analysts is “Strong Buy”. This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market. Shares of Marinus Pharmaceuticals reverse split before market open on Wednesday, September 23rd 2020. The 1-4 reverse split was announced on Tuesday, September 22nd 2020.

One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.29. Biologics is a multinational pharmaceutical company based in Dubai. We hope to have ZTALMY available for patients in the MENA region in early 2024. In parallel, we are working closely with Tenacia, our partner in China and expect them to file a new drug application by the end of this year. We are engaged in active discussions with several strategists, who are interested in bringing our products to market in Japan.

During the Covid-19 pandemic and after, that factor has been real interest rates — something Wolfe Research expects will change. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

A number of other research analysts have also recently weighed in on the stock. HC Wainwright reaffirmed a “buy” rating and set a $27.00 price target on shares of Marinus Pharmaceuticals in a research report on Wednesday, March 8th. SVB Leerink reduced their price target on shares of Marinus Pharmaceuticals from $27.00 to $23.00 and set an “outperform” rating on the stock in a research report on Monday, January 23rd. Truist Financial reduced their price target on shares of Marinus Pharmaceuticals from $50.00 to $42.00 in a research report on Friday, May 12th. assumed coverage on shares of Marinus Pharmaceuticals in a research report on Thursday, March 16th. Finally, Royal Bank of Canada reduced their target price on shares of Marinus Pharmaceuticals from $23.00 to $22.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 8th.

Notably, its total locations increased from 2,988 to 3,334 over that span. And, over the last five years, the company’s revenue increased at an annualized rate of roughly 10% with earnings per share expanding at a clip of around 13%. So not only is it executing its strategic shift, but it is growing its business while it is doing it. In its fiscal second quarter, the company reported $2.12 in earnings per share without items and $1.39 billion in revenue.

Why stock-market bears are inadvertently supporting a rally despite some bad news

Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The Dow ended the trading session below a key threshold on Tuesday. Home prices in China fell, with prices 0.2% lower year-on-year, compared to a 0.8% decline seen in the previous month, according to Reuters’ calculations. Futures tied to the Dow Jones Industrial Average added 133 points, or 0.4%.

A nonvoting member on the rate-setting Federal Open Market Committee, Mester added that she’d like to see rates at a place where a cut or increase would be equally likely as the next move. “We’ve seen inflation move down from a year ago from last summer,” she said during an appearance at the Central Bank of Ireland, according to a transcript of the event. “But it’s still very high in the U.S. and I think that we just have to stick with what we’re doing. Because the long run implications for high inflation on the US economy are not good.” Elsewhere, Verrone pointed out that the cap-weighted Nikkei exchange has already topped 2021 highs, according to the note.

In parallel, we are aiming to finalize the clinical program design for Lennox-Gastaut syndrome in the first quarter of 2024 pending results of the MAD Study. Our pro-drug development continues to advance and a lead oral candidate has been selected. We are targeting Phase I data in 2024.On the scientific affairs side of the organization we continue to generate relevant and compelling data aimed at addressing the needs of the medical and caregiver communities. We are excited about the data sets we have planned to share with you all this year.

Biotech company Gilead Sciences upgraded to outperform by BMO

“If these risks materialized, they would further delay the return of inflation to target, with the prospect of a damaging shift in inflation expectations,” the minutes said. The RBA unexpectedly raised rates by 25 basis points in its last meeting on May 2 to 3.85%, defying market expectations. The company earned $3.82 per share, beating a Refinitiv forecast of $3.80 per share. Revenue for the fiscal first quarter, however, came in at $37.26 billion.

MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… As a reminder, the NTAP or the new technology add-on payment designation enables additional payment to hospitals above the standard Medicare severity diagnosis related group payment amount. Under this policy, for eligible technologies, Medicare pays the applicable MS DRG payment rate up to an additional 65% of the cost of the approved new technology. The team is closely monitoring CMS proposed changes to filing requirements, while also determining an optimal filing approach that allows our hospital customers to maximize the NTAP period post approval. We look forward to providing more details in our Investor and Analyst Day in September which Sasha will discuss in more detail at the end of the call. We feel there are many opportunities to continue to grow our brand and are committed to supporting CDD families in new and meaningful ways, while expanding our commercial infrastructure in-line with our clinical development programs.

FY2023 Earnings Forecast for Marinus Pharmaceuticals, Inc. Issued … – MarketBeat

FY2023 Earnings Forecast for Marinus Pharmaceuticals, Inc. Issued ….

Posted: Wed, 17 May 2023 11:13:01 GMT [source]

The White House said Tuesday that Biden has directed staff to meet daily on outstanding issues. The president also canceled the second leg of an upcoming international trip given the negotiations, the White House said. House Speaker Kevin McCarthy said that a “better process” is now in place for further talks. He also said that it’s “possible to get a deal by the end of the week.” Get this delivered to your inbox, and more info about our products and services.

The firm’s bear case for the stock anticipates a drop to a valuation of $1. However, in his bull case, shares could pop to $60, a jaw-dropping jump of more than 400% from the previous session’s close. This fall comes as home renovations appear to ease following a boom during the pandemic. Home Depot reported its biggest revenue miss in more than 20% years earlier Tuesday, in part due to consumers delaying larger projects. Stocks declined Tuesday, with the Dow Jones Industrial Average closing below its 50-day average for the first time since March 30.

6 Wall Street analysts have issued twelve-month price objectives for Marinus Pharmaceuticals’ shares. On average, they expect the company’s stock price to reach $26.29 in the next year. This suggests a possible upside of 208.9% from the stock’s current price. View analysts price targets for MRNS or view top-rated stocks among Wall Street analysts.

The stock is down nearly 10% in the last five trading sessions, and has lost 53% from the start of the year. Mizuho Financial Group shares rose 1.14% as the bank recorded a 45.8% increase in revenue and a 4.7% increase in net profit. Shares of Japanese financial stocks rose Tuesday morning after major banks forecast to hit record profits in the current financial year ended March 2024.

Partnerships are essential part of our commitment to reach the global patient community. Moving to our clinical pipeline, we are excited to announce our plans to conduct an interim analysis for the Phase III RAISE trial in refractory status epilepticus later this year. The thing with Fastenal is that Wall Street is wise to its long-term success so the stock is rarely cheap. But today the dividend yield of roughly 2.5% is toward the higher side of the historical yield range. It probably wouldn’t be fair to call the stock cheap, but it does seem like it is fairly priced (that’s backed up by the fact that the price-to-sales and price-to-earnings ratios are both in line with their five-year averages). The company reported 20 cents in earnings per share excluding items, above the 17 cents expected by analysts.

  • Singapore’s non-oil domestic exports in April grew 2.7% compared to the month before, a surprise upside compared to the 3% contraction that economists polled by Reuters were expecting.
  • The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
  • Based on our observations from the Phase II open-label TSC trial where we saw a higher rate of reported somnolence than our Marigold study we developed a new titration schedule for this Phase III study.
  • An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split.
  • To further support study recruitment and enrollment, Marinus has sponsored two educational webinars in the U.S. and Europe, featuring prominent key opinion leaders.

Goldman blamed expectations for Federal Reserve interest-rate cuts, lower Treasury yields, recession fears and the “AI craze” for spurring interest in megacap technology names. In one indication of just how concentrated the U.S. stock market has become, the 10 largest stocks in the S&P 500 accounted for 87% of the index’s gains during the first quarter, Goldman said. Shares of Western Alliance jumped about 7% in extended trading after the bank said that its deposit growth for the current quarter surpassed $2 billion as of May 12. The pan-European Stoxx 600 index was down 0.2% at the start of the session, with most sectors and major bourses trading in negative territory. Financial services made the biggest losses, down 1.3%, followed by autos, which dropped 0.9%. In addition to tracking any updates on debt ceiling negotiations, investors will watch for data on housing starts and building permits on Wednesday.

April retail sales came in weaker than expected, rising 0.4% last month. That was lower than the 0.8% increase anticipated by economists polled by Dow Jones. Marinus Pharmaceuticals (MRNS) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the… 4D Molecular Therapeutics, Inc. (FDMT) delivered earnings and revenue surprises of 0% and 79.49%, respectively, for the quarter ended March 2023.


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