At the last check on Friday, Manchester United plc’s (NYSE:MANU) stock was down -$0.26, moving down -1.14 percent to $22.80. The average number of shares traded per day over the past five days has been 1,123,640 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.11 fall in that time frame. In the last twenty days, the average volume was 1,198,430, while in the previous 50 days, it was 1,883,308.
Since last month, MANU stock rose 3.85%. Shares of the company fell to $19.73 on 08/02/23, the lowest level in the past month. A 52-week high of $27.34 was reached on 02/16/23 after having rallying from a 52-week low of $12.16. Since the beginning of this year, MANU’s stock price has dropped by -2.29% or -$0.54, and marked a new high 5 times. However, the stock has declined by -16.62% since its 52-week high.
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Valuation Metrics
The stock’s beta is 0.68. Besides these, the trailing price-to-sales (P/S) ratio of 4.88, the price-to-book (PB) ratio of 28.14.
The latest dividend of $0.09 per share was paid out, remained unchanged from last year’s $0.09.
Financial Health
In the three months ended March 30, Manchester United plc’s quick ratio stood at 0.40, while its current ratio was 0.40, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 5.01, and the total debt-to-equity ratio was 6.97. In the year ended March 30, EBITDA margin amounted to 13.92%, whereas operating margins totaled -12.00%. Based on annual data, MANU earned $892.62 million in gross profit and brought in $776.3 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -6.90%. Return on equity (ROE) for the past 12 months was -87.20%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MANU’s revenue rose 15.27% during the quarter, while net income inched up to $583.2 million. While analysts expected Manchester United plc to report -$0.05 quarterly earnings, the actual figure was -$0.04 per share. During the quarter, the company generated $54.4 million in EBITDA. The liabilities of Manchester United plc were 1.54 billion at the end of its most recent quarter ended March 30, and its total debt was $728.31 million.
Technical Picture
This quick technical analysis looks at Manchester United plc’s (MANU) price momentum. With a historical volatility rate of 35.27%, the RSI 9-day stood at 50.49% on 17 August.
With respect to its five-day moving average, the current Manchester United plc price is down by -0.50% percent or -$0.11. At present, MANU shares trade +5.40% above its 20-day simple moving average and +2.27% percent above its 100-day simple moving average. However, the stock is currently trading approximately +20.31% above its SMA50 and +74.48% above its SMA200.
Stochastic coefficient K was 66.99% and Stochastic coefficient D was 73.39%, while ATR was 1.07. Given the Stochastic reading of 62.76% for the 14-day period, the RSI (14) reading has been calculated as 51.29%. As of today, the MACD Oscillator reading stands at -0.22, while the 14-day reading stands at 0.59.
Analyst Ratings
Manchester United plc downgraded its rating on Manchester United plc (NYSE: MANU) to a Hold in a note to investors on December 09, 2022. The analysts firm previously had a Buy rating on the stock.Manchester United plc (MANU) has been rated Overweight by analysts. According to 0 brokerage firms, MANU is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Manchester United plc stock as buy, with 1 recommending it as overweight.
With a median target price of $20.01, the current consensus forecast for the stock is $19.62 – $20.40. Based on these forecasts, analysts predict Manchester United plc (MANU) will achieve an average price target of $20.01.
