How Mister Car Wash Inc. (MCW) Works From A Technical Perspective

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Mister Car Wash Inc. (NYSE:MCW) finished Friday with an addition of $0.08 to close at $9.23, an upside of 0.87 percent. An average of 786,320 shares of common stock have been traded in the last five days. There was a gain of $0.17 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 937,455 shares traded, while the 50-day average volume stands at 1,411,492.

MCW stock has decreased by -9.86% in the last month. The company shares reached their 1-month lowest point of $8.77 on 12/28/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $7.80 and a high of $19.10 in 52 weeks. It has reached a new high 3 times so far this year and lost -49.31% or -$8.98 in price. In spite of this, the price is down -51.68% from the 52-week high.

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Insider Transactions

MCW stock investors should be aware that Mister Car Wash Inc. (MCW) stock had its last reported insider trading activity 24 days ago on Dec 07. In this transaction, the insider spent $220,393. Chief Operating Officer, Chimienti Mayra Idali, disposed of 20,000 shares at a price of $9.54 on Dec 07. The insider now owns more than $190,800 worth of shares. Prior to that, VP, Corporate Development Lindsay Casey Penn went on to Sale 36,978 shares at $9.00 each on Oct 17. An amount of $332,802 was transacted.

Valuation Metrics

Mister Car Wash Inc. (MCW) has a trailing price-to-earnings (P/E) ratio of 22.40. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.25, the price-to-book (PB) ratio at 3.62, and the price-to-cash flow ratio at 81.47.

Financial Health

The quick ratio of Mister Car Wash Inc. for the three months ended June 29 was 0.70, and the current ratio was 0.80, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.17 and a total debt to equity ratio of 1.17 for the quarter ending June 29. Its gross profit as reported stood at $493.19 million compared to revenue of $758.36 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, Mister Car Wash Inc.’s return on assets was 5.20%.

Earnings Surprise

For the three-month period that ended June 29, Mister Car Wash Inc. had $895.43 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $24.0 million in the quarter, while revenues of $35.66 million were shrunk -14.04%. The analyst consensus anticipated Mister Car Wash Inc.’s latest quarter earnings to come in at $0.12 per share, but it turned out to be $0.11, a -8.30% surprise. For the quarter, EBITDA amounted to $58.53 million. Shareholders own equity worth $304.99 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Mister Car Wash Inc. (MCW) price momentum. RSI 9-day as of the close on 30 December was 46.25%, suggesting the stock is Neutral, with historical volatility in this time frame at 36.00%.

As of today, MCW’s price is $9.09 +1.88% or $0.17 from its 5-day moving average. MCW is currently trading -10.13% lower than its 20-day SMA and -21.45% lower than its 100-day SMA. However, the stock’s current price level is +5.85% above the SMA50 and -42.56% below the SMA200.

The stochastic %K and %D were 18.26% and 14.75%, respectively, and the average true range (ATR) was 0.36. With the 14-day stochastic at 26.38% and the average true range at 0.39, the RSI (14) stands at 46.60%. The stock has reached -0.05 on the 9-day MACD Oscillator while the 14-day reading was at -0.27.

Analyst Ratings

Robert W. Baird launched coverage on Mister Car Wash Inc. (NYSE: MCW) in its analyst report released on October 04, 2022. The firm assigned the stock a Neutral rating. The consensus rating for Mister Car Wash Inc. (MCW) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell MCW, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.

What is MCW’s price target for the next 12 months?

Analysts predict a range of price targets between $9.00 and $22.00, with a median target of $11.00. Taking a look at these predictions, the average price target given by analysts for Mister Car Wash Inc. (MCW) stock is $12.00.

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