MERRIMACK PHARMACEUTICALS INC stock forecast: up to 3.87 USD MACK stock price prognosis

STOCK

Forecast for Tue 29 Nov 2022 price 4.12

MERRIMACK PHARMACEUTICALS INC stock price forecast for further price development up to 5.58% (time horizon: 1 day) and price target of 3.87 USD. Positive news sentiment. Short-term (time horizon: 2 weeks) MERRIMACK PHARMACEUTICALS INC share price prediction for 2022-11-29 with daily closed price projections

Key Facts

Symbol MACK 

ISIN US5903282094 

CUSIP 590328209


Currency USD


Category Pharmaceutical Preparations

Forecast price change %


News sentiment (0.50)


News <--> Close correlation for next day influence (-0.03)

Finance numbers

Earnings per share -0.23


On our site we made daily predictions for finance products based on statistical analysis. You can export / download forecasted data as CSV file, no login required. The information can be used for day trading.

The forecast (dashed curve) of the share price performance is based on historical data. Our forecast model is based on mathematical, statistical methods. The website offers price forecasts and analysis tools for equities and other securities, which are exclusively based on the prices of these securities in the past. Information about these prices is provided to us by third parties. Although we believe, If we believe that our sources are reliable, we cannot guarantee the accuracy, completeness, timeliness and correct sequencing of this information. We do not investigate the issuers of the securities to which our forecasts relate, nor do we consider any financial data or other data of such issuers with the exception of the past prices of the securities. Therefore, our forecasts do not constitute an analysis of other commercial or financial factors or circumstances, that may be relevant for future security price flows. Investments require additional considerations. Our forecasts cannot reflect the specific situation. Experience and risk profile of an individual investor or the tax implications an investment may have for the investor. Although we believe that our mathematical models are a tool to try to explore the possibility for future price development with the help of past performance, such developments are subject to a multitude of different influences. and therefore not really predictable. We cannot guarantee the success of any investment you make based on the information published here. This website is for information purposes only. All information and data on this website cannot be guaranteed to be accurate, accuracy, completeness and appropriateness - neither explicit nor implicit.

Summerized Form 10-K with GPT-2

We are seeking potential acquirers for our remaining preclinical and clinical assets. We have engaged external consultants to run our day-to-day operations. In May 2019, we monetized certain assets to strengthen our cash position. The special dividend resulted in a decrease to additional paid-in capital. We do not expect to be profitable from our continuing operations in the future. As of December 31, 2020, we had an accumulated deficit of $543.6 million. Since July 12, 2019, we no longer have any employees. Certain liabilities remain with us post-closing. Elevation did not assume any of the excluded liabilities under the Elevation agreement.

Summerized Form 10-K with GPT-2 https://www.sec.gov/Archives/edgar/data/1274792/000156459021012087/0001564590-21-012087.txt
Candlestick patterns

Candlestick patterns can be used as additional information for price prediction. Following list show which pattern applies on latest price information.

  • Meta analyst score 43.40/100
    • Not in ideal financial position.
    • Historical view, profit is growing.
    • Company revenue is not growing faster compared with the industry.
    • Stock price is under book price value.

Institutional ownership list is based on filling form information

Holding name Date Amount
MILLENNIUM MANAGEMENT LLC 2021-03-31 12292
BRIDGEWAY CAPITAL MANAGEMENT, LLC 2021-03-31 64200
Western Standard LLC 2021-03-31 1011571
ROYAL BANK OF CANADA (RY, RY-PT, RYMTF) 2021-03-31 2008
WEBSTER BANK, N. A. 2021-06-30 3055

Fund ownership list is based on filling form information

Fund name Date Amount Profile
Fidelity Concord Street Trust 2021-05-31 15717 Long
DFA INVESTMENT DIMENSIONS GROUP INC 2021-04-30 148849 Long
DFA INVESTMENT DIMENSIONS GROUP INC 2021-04-30 2200 Long
DFA INVESTMENT DIMENSIONS GROUP INC 2021-04-30 26708 Long
DFA INVESTMENT DIMENSIONS GROUP INC 2021-04-30 130211 Long

Insider trading for MERRIMACK PHARMACEUTICALS INC

CIK Name Date Action T-Test 1day T-Test 7day T-Test 14day T-Test 30day
1094201 Crocker Gary L 2022-06-09 BUY Reject Reject Reject Reject
1789647 Ledo Capital, Llc 2022-07-11 BUY Reject Reject Reject Reject

Bollinger Bollinger Bands for MERRIMACK PHARMACEUTICALS INC can provide the information where the market is moving based on price information.


MERRIMACK PHARMACEUTICALS INC Short Volume Ratio is shown in the diagram. Short volume sales can be seen as an investor sentiment.


On-Balance Volume information for MERRIMACK PHARMACEUTICALS INC. On-Balance Volume information can be an indicator for bullish or bearish outcome.


Accumulation / Distribution (A/D) indicator information for MERRIMACK PHARMACEUTICALS INC. The indicator identify divergences between price and volume flow.


Aroon Oscillator information for MERRIMACK PHARMACEUTICALS INC. The trend-following indicator can show the strengh of a current trend and likelihood that trend can continue.


Average Directional Index (ADX) information for MERRIMACK PHARMACEUTICALS INC. The index can be used to identify the strengh of a trend.


Moving Average Convergence Divergence (MACD) for MERRIMACK PHARMACEUTICALS INC. The indicator helps to predict trend direction and the momentum of the trend.


Stochastic Oscillator as momentum indicator for MERRIMACK PHARMACEUTICALS INC. The indicator is useful for identifying overbought and oversold levels.


Relative Strength Index (RSI) for MERRIMACK PHARMACEUTICALS INC. RSI is a momentum oscillator that measures the speed and change of price development. The momentum indicator was created by analyst Welles Wilder. The result compares recent gains and losses over restricted time period. Primary usage of the indicator is to identify overbought or oversold signals. When RSI indicator reaches a value of 70 it could mean that speculators should consider selling, suggests Wilder and Chong. Or vice versa when selling excess at which the RSI Indicators show a value of 30 [ Relative Strength Index for Developing Effective Trading Strategies in Constructing Optimal Portfolio ].


52W High 52W Low Market Cap

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Figure below show the stock predictions.
Date Closing price Prediction was updated
2022-10-04 3.87 2022-10-01 03:25
2022-10-05 3.71 2022-10-04 03:26
2022-10-06 3.74 2022-10-04 03:26
2022-10-07 3.74 2022-10-04 03:26
2022-10-10 3.76 2022-10-04 03:26
2022-10-11 3.79 2022-10-04 03:26
2022-10-12 3.81 2022-10-04 03:26
2022-10-13 3.83 2022-10-04 03:26
2022-10-14 3.84 2022-10-04 03:26
2022-10-17 3.87 2022-10-04 03:26
2022-10-19 3.89 2022-10-04 03:26
2022-10-20 3.89 2022-10-04 03:26
2022-10-21 3.91 2022-10-04 03:26
2022-10-18 3.87 2022-10-04 03:26
2022-10-24 3.92 2022-10-04 03:26
2022-10-25 3.93 2022-10-04 03:26
2022-10-26 3.94 2022-10-04 03:26
2022-10-27 3.96 2022-10-04 03:26
2022-10-28 3.96 2022-10-04 03:26
2022-10-31 3.97 2022-10-04 03:26
2022-11-01 3.97 2022-10-04 03:26
2022-11-02 3.98 2022-10-04 03:26
2022-11-03 3.99 2022-10-04 03:26
2022-11-04 3.99 2022-10-04 03:26
2022-11-07 4.00 2022-10-04 03:26
2022-11-08 4.01 2022-10-04 03:26
2022-11-09 4.02 2022-10-04 03:26
2022-11-10 4.02 2022-10-04 03:26
2022-11-11 4.03 2022-10-04 03:26
2022-11-14 4.04 2022-10-04 03:26
2022-11-15 4.04 2022-10-04 03:26
2022-11-16 4.05 2022-10-04 03:26
2022-11-17 4.06 2022-10-04 03:26
2022-11-18 4.07 2022-10-04 03:26
2022-11-21 4.07 2022-10-04 03:26
2022-11-22 4.08 2022-10-04 03:26
2022-11-23 4.09 2022-10-04 03:26
2022-11-24 4.10 2022-10-04 03:26
2022-11-25 4.10 2022-10-04 03:26
2022-11-28 4.11 2022-10-04 03:26
2022-11-29 4.12 2022-10-04 03:26