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MRIN’s shares soared to hit their 52-week high of $27.26 on July 6, primarily because of social media hype. However, it has lost 15% over the past three months to close yesterday’s trading session at $9.12. It is currently trading 66.5% below its 52-week high. Its current volume of 5.34 million is significantly lower than its average volume of 16.13 million, implying less liquidity. Moreover, it reported a loss in the second quarter. So, MRIN’s near-term prospects look uncertain.
Here are the factors that could shape MRIN’s performance in the upcoming months:
