Manhattan Associates Inc. (NASDAQ:MANH) finished Friday with an addition of $4.76 to close at $191.45, an upside of 2.55 percent. An average of 360,540 shares of common stock have been traded in the last five days. There was a gain of $4.62 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 447,070 shares traded, while the 50-day average volume stands at 397,538.
MANH stock has decreased by -4.16% in the last month. The company shares reached their 1-month lowest point of $183.07 on 08/09/23. With the stock rallying to its 52-week high on 07/20/23, shares of the company touched a low of $107.18 and a high of $208.31 in 52 weeks. It has reached a new high 32 times so far this year and achieved 57.70% or $70.05 in price. In spite of this, the price is down -8.09% from the 52-week high.
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Insider Transactions
MANH stock investors should be aware that Manhattan Associates Inc. (MANH) stock had its last reported insider trading activity 61 days ago on Jun 12. In this transaction, the insider spent $357,122. Director, RAGHAVAN DEEPAK, disposed of 5,521 shares at a price of $178.62 on May 30. The insider now owns more than $986,169 worth of shares. Prior to that, SVP, CLO & Secretary Richards Bruce went on to Sale 6,000 shares at $170.00 each on May 03. An amount of $1,020,000 was transacted.
Valuation Metrics
Manhattan Associates Inc. (MANH) has a trailing price-to-earnings (P/E) ratio of 82.45. The stock’s beta is 1.55. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 14.00, the price-to-book (PB) ratio at 69.37, and the price-to-cash flow ratio at 63.01.
Financial Health
The quick ratio of Manhattan Associates Inc. for the three months ended June 29 was 1.10, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Manhattan Associates Inc.’s EBITDA margin for the year ending June 29 is 20.78%, while its operating margin for the same period stands at 21.10%. Its gross profit as reported stood at $408.85 million compared to revenue of $767.08 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, Manhattan Associates Inc.’s return on assets was 27.20%.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $39.62 million in the quarter, while revenues of $38.79 million were grew 22.19%. The analyst consensus anticipated Manhattan Associates Inc.’s latest quarter earnings to come in at $0.72 per share, but it turned out to be $0.88, a 22.20% surprise. For the quarter, EBITDA amounted to $51.8 million. Shareholders own equity worth $61.67 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Manhattan Associates Inc. (MANH) price momentum. RSI 9-day as of the close on 11 August was 53.73%, suggesting the stock is Neutral, with historical volatility in this time frame at 21.27%.
As of today, MANH’s price is $187.62 +2.47% or $4.62 from its 5-day moving average. MANH is currently trading -4.69% lower than its 20-day SMA and +31.05% higher than its 100-day SMA. However, the stock’s current price level is +5.53% above the SMA50 and +48.99% above the SMA200.
The stochastic %K and %D were 31.13% and 19.13%, respectively, and the average true range (ATR) was 4.37. With the 14-day stochastic at 59.26% and the average true range at 4.36, the RSI (14) stands at 51.34%. The stock has reached -0.33 on the 9-day MACD Oscillator while the 14-day reading was at -0.81.
Analyst Ratings
Rosenblatt downgraded Manhattan Associates Inc. (NASDAQ: MANH) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Manhattan Associates Inc. (MANH) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MANH, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 2 others rate it as a “buy”.
What is MANH’s price target for the next 12 months?
Analysts predict a range of price targets between $175.00 and $230.00, with a median target of $216.50. Taking a look at these predictions, the average price target given by analysts for Manhattan Associates Inc. (MANH) stock is $209.00.
