Mallinckrodt plc (AMEX:MNK) finished Friday with a subtraction of -$0.11 to close at $0.89, a downside of -10.50 percent. An average of 5,233,980 shares of common stock have been traded in the last five days. There was a fall of -$0.4750 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 10,483,295 shares traded, while the 50-day average volume stands at 4,437,170.
MNK stock has decreased by -4.79% in the last month. The company shares reached their 1-month lowest point of $0.4098 on 07/26/23. With the stock rallying to its 52-week high on 02/28/23, shares of the company touched a low of $0.41 and a high of $18.10 in 52 weeks. It has reached a new high 8 times so far this year and lost -88.45% or -$6.8550 in price. In spite of this, the price is down -95.06% from the 52-week high.
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Valuation Metrics
Mallinckrodt plc (MNK) stock’s beta is -1.77. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.01, the price-to-book (PB) ratio at 0.01.
Financial Health
The quick ratio of Mallinckrodt plc for the recent quarter was 1.40, and the current ratio was 2.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.23 and a total debt to equity ratio of 2.26 for the recent quarter. Mallinckrodt plc’s EBITDA margin is 16.48%, while its operating margin for the same period stands at -58.00%. Its gross profit as reported stood at $341.3 million compared to revenue of $1.91 billion.
Earnings Surprise
For the recent quarter, Mallinckrodt plc had $737.6 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 -$747.8 million in the quarter, while revenues of -$249.3 million were grew 84.01%. Shareholders own equity worth $13.29 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Mallinckrodt plc (MNK) price momentum. RSI 9-day as of the close on 11 August was 41.88%, suggesting the stock is Neutral, with historical volatility in this time frame at 696.23%.
As of today, MNK’s price is $1.2299 -34.67% or -$0.4750 from its 5-day moving average. MNK is currently trading -6.38% lower than its 20-day SMA and -88.50% lower than its 100-day SMA. However, the stock’s current price level is -67.45% below the SMA50 and -94.49% below the SMA200.
The stochastic %K and %D were 32.36% and 44.83%, respectively, and the average true range (ATR) was 0.3792. With the 14-day stochastic at 28.37% and the average true range at 0.3679, the RSI (14) stands at 43.99%. The stock has reached -0.3390 on the 9-day MACD Oscillator while the 14-day reading was at -0.3039.
