MRCY

Mercury Systems, Inc.
NasdaqGSUSDEQUITY Industrials DELAYED
Last price
82.88
▼ 0.06 (0.07%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
84.69
Prev close
82.94
Day high
84.14
Day low
81.25
Volume
547.57K
Market cap
$5.04B
P/E (TTM)
—
52W range
65.04 – 128.45

Day trading desk

Current session · delayed
Gap from prior close
+2.11%
Prior close 82.94
VWAP
82.81
+0.09% from price
Relative volume
1.06×
Normal
Session range
4.23%
81.25 – 84.69
Position in range
47%
Mid range
ATR (14D)
3.00
3.62% of price
Prior day high
85.00
PDH
Prior day low
82.64
PDL
Bid / ask spread
—
Quote not published
Session volume
736.17K
Avg 696.61K

VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
+0.19% -1.8%
1M
+0.46% -0.7%
3M
-26.34% -30.9%
6M
+6.80% -11.4%
YTD
+13.41% -0.8%
1Y
-0.84% -17.3%
3Y
+123.24% +41.0%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

5 more panels on MRCY open with an account.

Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

Insider net activity

6m · Form 4 rollup
Net shares
+39.88K
Net buying
Buy transactions
9
512.94K shares
Sell transactions
20
473.06K shares
Net transactions
+29
Buys less sells
Sell : buy shares
0.9 : 1
Mixed
Insider-held shares
684.95K
Total on file
Bought 512.94KSold 473.06K

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Sep 21, 26
KUPINSKY STUART H
Officer
SELL 1.00K $86.52K Direct
Sep 3, 26
RATNER STEVEN
Officer
SELL 4.00K $338.03K Direct
Aug 26, 26
BALLHAUS WILLIAM L
Chief Executive Officer
CONVERSION 222.15K $9.55M Direct
Aug 26, 26
BALLHAUS WILLIAM L
Chief Executive Officer
SELL 160.17K $14.05M Direct
Aug 24, 26
BALLHAUS WILLIAM L
Chief Executive Officer
CONVERSION 244.85K $10.29M Direct
Aug 24, 26
BALLHAUS WILLIAM L
Chief Executive Officer
SELL 173.21K $15.69M Direct
Aug 21, 26
KUPINSKY STUART H
Officer
SELL 1.00K $95.23K Direct
Aug 21, 26
RATNER STEVEN
Officer
SELL 356 $32.52K Indirect
Aug 20, 26
FARNSWORTH DAVID E.
Chief Financial Officer
SELL 14.77K $1.46M Direct
Aug 20, 26
RATNER STEVEN
Officer
SELL 3.21K $319.58K Direct
Aug 20, 26
MUNRO DOUGLAS
Officer
SELL 657 $65.61K Direct
Aug 20, 26
BALLHAUS WILLIAM L
Chief Executive Officer
SELL 48.81K $4.84M Direct
Aug 19, 26
KUPINSKY STUART H
Officer
SELL 1.31K $131.20K Direct
Aug 18, 26
KUPINSKY STUART H
Officer
SELL 2.37K $262.57K Direct
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

10 reporting
NameRelationShares heldLatest
BALLHAUS WILLIAM L
Chief Executive Officer 370.29K Conversion of Exercise of derivative security
CARVALHO ORLANDO D
Director 52.45K Sale
DISBROW LISA S.
Director 31.24K Stock Award(Grant)
FARNSWORTH DAVID E.
Chief Financial Officer 119.48K Sale
JANA PARTNERS MANAGEMENT, L.P.
Unknown — Sale
KRONE ROGER A. CPA
Director 30.31K Stock Award(Grant)
KUPINSKY STUART H
Officer 62.25K Sale
LANCE HOWARD L
Director — Sale
NEARHOS BARRY R
Director 34.99K Stock Award(Grant)
WELLS CHARLES ROGER IV
Chief Operating Officer 97.23K Sale

Fundamentals

TTM · reported
Market cap$5.04B
Enterprise value$5.27B
Revenue (TTM)$983.62M
Gross profit$281.16M
EBITDA$80.18M
Net income$-29.67M
EPS (TTM)$-0.50
Free cash flow$107.11M
Total cash$214.31M
Total debt$502.88M
Book value / share$25.13
Shares outstanding60.86M
Float55.52M
Short % of float9.57%
Dividend yield0.00%
Beta (5Y)0.98

Valuation & profitability ratios

Account required
Trailing P/E—
Forward P/E37.13
PEG ratio2.79
Price / sales—
Price / book3.30
EV / revenue5.36
EV / EBITDA65.70
Gross margin28.59%
Operating margin1.23%
Profit margin-3.02%
Return on equity-2.00%
Return on assets0.20%
Debt / equity33.58
Current ratio2.96
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 4 years · 6 quarters
Blank means not reported, not zero
Line item2026202520242023YoY
Total revenue $983.62M$912.02M$835.27M$973.88M +7.9%
Operating revenue $983.62M$912.02M$835.27M$973.88M +7.9%
Cost of revenue $702.46M$657.53M$639.37M$657.15M +6.8%
Gross profit $281.17M$254.49M$195.90M$316.73M +10.5%
Research & development $59.74M$67.65M$101.33M$108.80M -11.7%
Selling, general & admin $175.03M$154.41M$166.79M$160.64M +13.4%
Total operating expense $273.67M$264.91M$315.77M$322.99M +3.3%
Operating income $7.49M-$10.41M-$119.87M-$6.26M +172.0%
Net interest income -$21.87M-$29.82M-$33.82M-$24.11M +26.7%
Pre-tax income -$28.89M-$50.42M-$189.28M-$48.54M +42.7%
Tax provision $784.00K-$12.52M-$51.63M-$20.21M +106.3%
Net income -$29.67M-$37.90M-$137.64M-$28.34M +21.7%
Net income to common -$29.67M-$37.90M-$137.64M-$28.34M +21.7%
Basic EPS -0.50-0.65-2.38-0.50 +23.1%
Diluted EPS -0.50-0.65-2.38-0.50 +23.1%
EBIT $701.00K-$16.99M-$154.26M-$23.38M +104.1%
EBITDA $73.38M$65.03M-$66.23M$73.95M +12.8%
Basic shares 59.46M58.75M57.74M56.55M +1.2%
Diluted shares 59.46M58.75M57.74M56.55M +1.2%

Options analytics

Account required
Put / call volume
0.65
Call-heavy session
Put / call open interest
0.52
Positioning, not flow
Max pain
92.50
+11.7% from spot
ATM implied vol
63.2%
Nearest strike to spot
Skew (10% OTM)
+19.7%
Puts bid over calls
Call volume
178
Contracts, this expiry
Put volume
116
Contracts, this expiry
Heaviest call OI
130.00
239 contracts
Heaviest put OI
92.50
186 contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jun 2026 0.380.37 -3.3%
Mar 2026 0.070.27 +289.8%
Dec 2025 0.060.16 +148.3%
Sep 2025 0.090.26 +198.4%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter 0.30 11 $245.06M +8.8%
Next quarter 0.35 11 $258.74M +11.1%
Current year 1.67 11 $1.09B +10.5%
Next year 2.23 10 $1.21B +11.4%

Analyst targets & ownership

Account required
Mean target$115.70
High target$131.00
Low target$78.00
Implied upside39.60%
Analyst count10
ConsensusNONE
Strong buy / Buy2 / 6
Hold2
Sell / Strong sell1 / 0
Held by insiders1.14%
Held by institutions111.87%
Institutions holding527
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
82.85
+0.03% from price
SMA 20
83.33
-0.64% from price
SMA 50
91.95
-9.95% from price
SMA 100
99.62
-16.81% from price
SMA 200
91.98
-9.98% from price
EMA 12
83.44
-0.67% from price
EMA 26
85.57
-3.14% from price
EMA 50
89.77
-7.68% from price
RSI (14)
42.5
Neutral
MACD (12,26,9)
-2.12
Hist 0.65
ATR (14)
3.00
3.62% of price
Realised vol 30D
36.2%
Annualised
Bollinger upper
87.58
20, 2σ
Bollinger lower
79.08
20, 2σ
50 / 200 cross
Death
91.95 vs 91.98
Trend bias
Below 200
-9.98%

Options chain

Account required
Expiry
Spot 82.88
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
2.16
More volatile than market
Correlation to SPY
0.49
Loosely linked
Realised vol 30D
36.2%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-36.5%
Peak to trough
Max drawdown 5Y
-62.4%
Peak to trough
ATR 14
3.00
3.62% of price
Beta (reported)
0.98
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
5.03M
Prior 4.98M
Change vs prior
+1.1%
Shorts adding
% of float
9.57%
Normal
% of shares out
8.27%
Against total outstanding
Days to cover
5.6
Crowded exit
Float
55.52M
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

111 on file
DateFirm ActionFromTo
Sep 15, 26 Guggenheim INITIATED — Buy
Aug 20, 26 Canaccord Genuity MAINTAINED Buy Buy
Aug 20, 26 Truist Securities MAINTAINED Buy Buy
Aug 19, 26 RBC Capital MAINTAINED Outperform Outperform
Aug 19, 26 Baird MAINTAINED Outperform Outperform
Aug 19, 26 Piper Sandler MAINTAINED Overweight Overweight
Aug 12, 26 Piper Sandler INITIATED — Overweight
Jul 13, 26 JP Morgan MAINTAINED Neutral Neutral
May 11, 26 Goldman Sachs MAINTAINED Sell Sell
May 7, 26 Canaccord Genuity MAINTAINED Buy Buy
Apr 7, 26 Jefferies MAINTAINED Hold Hold
Feb 4, 26 Truist Securities MAINTAINED Buy Buy

Dividends & splits

Declared · from the issuer
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split2:1
Split dateDec 21, 1999

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.