Mimecast Limited (NASDAQ:MIME) finished Friday with an addition of $0.22 to close at $68.87, an upside of 0.32 percent. An average of 360,280 shares of common stock have been traded in the last five days. There was a gain of $3.52 in the past week, and it reached a new high 24 times over the past 12 months. The last 20 days have seen an average of 410,325 shares traded, while the 50-day average volume stands at 928,910.
MIME stock has increased by 3.36% in the last month. The company shares reached their 1-month lowest point of $61.83 on 10/12/21. With the stock rallying to its 52-week high on 09/03/21, shares of the company touched a low of $37.03 and a high of $71.45 in 52 weeks. It has reached a new high 8 times so far this year and achieved 21.16% or $12.03 in price. In spite of this, the price is down -3.61% from the 52-week high.
3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
4 days have passed since Mimecast Limited (MIME) last reported insider trading activity. Murray Neil, who is Director, most recently acquired $35,000 shares at $67.21 per share on Oct 19. In this transaction, the insider spent $2,352,247. Chief Executive Officer, Bauer Peter, disposed of 50,000 shares at a price of $65.99 on Oct 15. The insider now owns more than $3,299,584 worth of shares. Prior to that, Chief Executive Officer Bauer Peter went on to Sale 7,500 shares at $64.97 each on Oct 07. An amount of $487,238 was transacted.
Mimecast Limited (MIME) has a trailing price-to-earnings (P/E) ratio of 124.31, which compares with the 29.20 for the broader industry and 38.99 for the sector. In the last five years, Mimecast Limited’s PE ratio has ranged between 601.06 and 88.44. The stock’s beta is 1.44. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 8.74, the price-to-book (PB) ratio at 10.98, and the price-to-cash flow ratio at 45.51.
The quick ratio of Mimecast Limited for the three months ended June 29 was 1.40, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.23 and a total debt to equity ratio of 0.25 for the quarter ending June 29. Mimecast Limited’s EBITDA margin for the year ending June 29 is 20.68%, while its operating margin for the same period stands at 7.50%. Its gross profit as reported stood at $379.69 million compared to revenue of $501.4 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Mimecast Limited’s return on assets was 4.00%. For the broader industry, ROE averaged 3.34 over the past year.
For the three-month period that ended June 29, Mimecast Limited had $92.24 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $10.07 million in the quarter, while revenues of $5.77 million were grew 68.82%. The analyst consensus anticipated Mimecast Limited’s latest quarter earnings to come in at $0.29 per share, but it turned out to be $0.32, a 10.30% surprise. For the quarter, EBITDA amounted to $25.48 million. Shareholders own equity worth $65.74 million.
From a technical analysis perspective, let’s take a brief look at Mimecast Limited (MIME) price momentum. RSI 9-day as of the close on 22 October was 67.69%, suggesting the stock is Neutral, with historical volatility in this time frame at 27.54%.
As of today, MIME’s price is $68.34 +5.39% or $3.52 from its 5-day moving average. MIME is currently trading +3.41% higher than its 20-day SMA and +36.08% higher than its 100-day SMA. However, the stock’s current price level is +16.41% above the SMA50 and +37.96% above the SMA200.
The stochastic %K and %D were 93.39% and 90.70%, respectively, and the average true range (ATR) was 1.78. With the 14-day stochastic at 98.33% and the average true range at 1.80, the RSI (14) stands at 62.68%. The stock has reached 1.74 on the 9-day MACD Oscillator while the 14-day reading was at 2.97.
The consensus rating for Mimecast Limited (MIME) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MIME, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 8 others rate it as a “buy”.
What is MIME’s price target for the next 12 months?
Analysts predict a range of price targets between $60.00 and $81.00, with a median target of $71.00. Taking a look at these predictions, the average price target given by analysts for Mimecast Limited (MIME) stock is $70.87.