The stock of Manchester United plc (NYSE:MANU) increased by $1.27 on Friday to finish at $24.17, up 5.55 percent. The last five days have seen an average of 830,603 shares of common stock traded. 5 times new highs were reached in the current year, with a gain of $0.80. The average number of shares traded over the last 20 days was 1,289,156, while the average volume over the last 50 days totaled 1,907,974.
MANU stock appreciated 5.45% since last month. On 08/02/23, the company’s shares reached a one-month low of $19.73. The stock touched a high of $27.34 on 02/16/23, after rallying from a low of $12.16 in 52 weeks. The price of MANU stock has risen by 3.60% or $0.80 this year, reaching a new high 5 times. Still, the stock price is down -11.59% from the 52-week high.
Valuation Metrics
Beta for the stock is 0.69. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.17, the price-to-book (PB) ratio of 29.84.
Company paid $0.09 per share in dividends, remained unchanged from $0.09 last year. A $0.0450 dividend increase was reported on Friday November 18 2016.
Financial Health
For the three months ended March 30, Manchester United plc’s quick ratio was 0.40, while its current ratio was 0.40, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 5.01, and the total debt to equity ratio is 6.97. Manchester United plc’s EBITDA margin for the year ended March 30 was 13.92%, whereas its operating margin stood at -12.00% for the same period. Based on annual data, it had gross profit of $892.62 million and revenue of $776.3 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. MANU’s return on assets (ROA) during the last 12 months has been -7.00%. There was a -6.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -87.20%.
Earnings Surprise
According to Manchester United plc’s quarterly financial report for the quarter that ended March 30, it had $1.11 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $583.2 million, while revenues rose by 15.27% to $0.0. It was predicted that Manchester United plc’s quarterly earnings would be -$0.04, but it ended up being -$0.05. EBITDA was $54.4 million for the quarter. At the end of Manchester United plc’s most recent quarter ended March 30, its liabilities totaled 1.54 billion, while its total debt was $728.31 million.
Technical Picture
Here’s a quick look at Manchester United plc’s (MANU) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 66.50%, suggesting the stock is Neutral, with a 70.63% historical volatility rate.
The stochastic %K and %D were 82.90% and 80.30% respectively, while the average true range (ATR) was 1.09. Based on the 14-day stochastic reading of 96.28%, the RSI (14) reading is 61.16%. On the 9-day MACD Oscillator, the stock is at 0.98, and the 14-day reading is at 1.15.
Analyst Ratings
Manchester United plc (NYSE: MANU) was downgraded by Deutsche Bank to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Manchester United plc (MANU) an Overweight rating. MANU is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is MANU’s price target for the next 12 months?
The current consensus forecast for the stock is between $19.62 and $20.40, with a median target price of $20.01. In analyzing these forecasts, the average price target given by analysts for Manchester United plc (MANU) is $20.01.
