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Merlin (MRLN) Stock Price & Analysis

MRLN Stock Chart & Stats

$0.98$0.04(4.40%)
At close: 11:29 AM EST
$1$2$3$410 Aug24 Aug8 Sep21 Sep5 Oct19 Oct2 Nov
Day’s Range
$0.91 - $0.99
52-Week Range
$0.82 - $17.00
Previous Close
$0.94
Volume
N/A
Average Volume (3M)
2.90M
Market Cap
$95.18M
Enterprise Value
$500.37M
Total Cash (Recent Filing)
$183.87M
Total Debt (Recent Filing)
$2.19M
Price to Earnings (P/E)
―
Beta
0.77
Next Earnings
Nov 12, 2026 (Est.)
EPS Estimate
-0.36
Last Dividend Ex-Date
Nov 05, 2021
Dividend Yield
N/A

Bulls Say, Bears Say

Bulls Say

Current Balance-sheet Strength

The reported positive equity base and zero debt indicate substantially lower current leverage and greater financial flexibility than in 2024. This provides a stronger platform for funding operations or pursuing strategic actions, although the sharp year-over-year change warrants continued scrutiny.

Experienced Leadership Appointment

Appointing an executive with public sector, defense technology, aerospace, and innovation experience could improve operating execution and customer alignment. His background is particularly relevant to Merlin’s stated industry context, creating a credible potential support for strategy over the coming quarters.

Improved Governance Structure

Separating the President and CEO roles can clarify day-to-day accountability while allowing the chairman and CEO to retain strategic oversight. The disclosed absence of special arrangements or related-party transactions also supports a more conventional and transparent governance process.

Bears Say

Revenue Collapse

Revenue reaching zero indicates that Merlin currently lacks demonstrated commercial traction and creates substantial uncertainty around the continuity of its operating model. Without a sustained revenue base, future profitability, customer adoption, and the ability to support ongoing corporate activities remain difficult to establish.

Persistent Cash Burn

Negative operating and free cash flow across multiple years shows that the business has not consistently funded itself through operations. Continued cash burn can require external financing or other balance-sheet actions, limiting strategic flexibility and increasing the consequences of any further operating weakness.

Weak Earnings Quality

Positive net income alongside negative operating profit suggests that reported earnings were not supported by the core business. Combined with prior deep losses and highly volatile results, this weakens confidence that profits are repeatable and makes sustainable margins difficult to assess over the next several quarters.

Merlin News

MRLN FAQ

What was Merlin’s price range in the past 12 months?
Merlin lowest stock price was $0.82 and its highest was $17.00 in the past 12 months.
What is Merlin’s market cap?
Merlin’s market cap is $95.18M.
When is Merlin’s upcoming earnings report date?
Merlin’s next earnings report is estimated for Nov 12, 2026 (not yet confirmed), which is in 8 days.
How were Merlin’s earnings last quarter?
Merlin released its earnings results on Aug 13, 2026. The company reported -$1.4 earnings per share for the quarter, missing the consensus estimate of -$0.275 by -$1.125.
Is Merlin overvalued?
According to Wall Street analysts Merlin’s price is currently Undervalued.
Does Merlin pay dividends?
Merlin pays a ― dividend of $0.14 which represents an annual dividend yield of ―. See more information on Merlin dividends here
What is Merlin’s EPS estimate?
Merlin’s EPS estimate is -0.36.
How many shares outstanding does Merlin have?
Merlin has 101,067,790 shares outstanding.
What happened to Merlin’s price movement after its last earnings report?
Merlin reported an EPS of -$1.4 in its last earnings report, missing expectations of -$0.275. Following the earnings report the stock price went down -15.045%.
Which hedge fund is a major shareholder of Merlin?
Hedge funds hold Merlin shares: the largest hedge-fund position in Merlin is 71,883,710 shares, and hedge funds increased their holdings by 528.7K shares last quarter.
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology