The stock of MasterBrand Inc. (NYSE:MBC) decreased by -$0.29 on Friday to finish at $12.88, down -2.20 percent. The last five days have seen an average of 680,440 shares of common stock traded. The average number of shares traded over the last 20 days was 794,030, while the average volume over the last 50 days totaled 1,688,460.
MBC stock appreciated 2.14% since last month. On 07/12/23, the company’s shares reached a one-month low of $11.70. The stock touched a high of $15.00, after rallying from a low of $7.08 in 52 weeks. The price of MBC stock has risen by 70.60% or $5.33 this year, reaching a new high 27 times. Still, the stock price is down -14.13% from the 52-week high.
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Insider Transactions
MBC stock investors should be aware that MasterBrand Inc. (MBC) stock had its last reported insider trading activity 203 days ago on Jan 23. On Jan 23, 10% Owner GOLDMAN SACHS GROUP INC acquired 1,481 shares at $8.51 each. This transaction resulted in the insider spending $12,608. On Jan 23, GOLDMAN SACHS GROUP INC sold 1,362 shares at a price of US$8.59. After the transaction, the insider now owns 15,778,583 shares.
Valuation Metrics
MasterBrand Inc. (MBC) has a trailing price-to-earnings (P/E) ratio of 10.64. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.52, the price-to-book (PB) ratio of 1.58, and the price-to-cash flow ratio of 9.42.
Financial Health
For the three months ended June 29, MasterBrand Inc.’s quick ratio was 1.20, while its current ratio was 2.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.88, and the total debt to equity ratio is 0.90. As far as profitability goes, gross margin for the trailing twelve months is 28.70% percent. MasterBrand Inc.’s EBITDA margin for the year ended June 29 was 10.22%, whereas its operating margin stood at 6.20% for the same period. Based on annual data, it had gross profit of $940.5 million and revenue of $3.28 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. MBC’s return on assets (ROA) during the last 12 months has been 5.40%. There was a 7.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 8.40%.
Earnings Surprise
According to MasterBrand Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $695.1 million, while revenues rose by 100.0% to $0.0. It was predicted that MasterBrand Inc.’s quarterly earnings would be $0.42, but it ended up being $0.31, beating the consensus by 35.50%. EBITDA was $103.6 million for the quarter. At the end of MasterBrand Inc.’s most recent quarter ended June 29, its liabilities totaled 1.32 billion, while its total debt was $877.2 million. Equity owned by shareholders amounts to $127.68 million.
Technical Picture
Here’s a quick look at MasterBrand Inc.’s (MBC) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 62.52%, suggesting the stock is Neutral, with a 35.81% historical volatility rate.
The stochastic %K and %D were 69.26% and 66.37% respectively, while the average true range (ATR) was 0.44. Based on the 14-day stochastic reading of 66.40%, the RSI (14) reading is 62.37%. On the 9-day MACD Oscillator, the stock is at 0.23, and the 14-day reading is at 0.37.
Analyst Ratings
In its most recent analyst report, Loop Capital raised its rating on MasterBrand Inc. (NYSE: MBC) to a Buy. Prior to this, analysts firm rated the stock as a Hold.
