Mallinckrodt plc (AMEX:MNK) finished Wednesday with a subtraction of -$0.11 to close at $0.48, a downside of -19.15 percent. An average of 715,000 shares of common stock have been traded in the last five days. There was a fall of -$0.1032 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 8,050,545 shares traded, while the 50-day average volume stands at 4,532,666.
MNK stock has increased by 8.05% 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 -93.87% or -$7.2746 in price. In spite of this, the price is down -97.37% from the 52-week high.
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Valuation Metrics
Mallinckrodt plc (MNK) stock’s beta is -1.27. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.00, the price-to-book (PB) ratio at 0.01, and the price-to-cash flow ratio at 0.06.
Financial Health
The quick ratio of Mallinckrodt plc for the three months ended June 29 was 0.30, and the current ratio was 0.60, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.18 and a total debt to equity ratio of 4.95 for the quarter ending June 29. Mallinckrodt plc’s EBITDA margin for the year ending June 29 is 16.48%, while its operating margin for the same period stands at -24.30%. Its gross profit as reported stood at $341.3 million compared to revenue of $1.91 billion.
Earnings Surprise
For the three-month period that ended June 29, 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 74.12%. The analyst consensus anticipated Mallinckrodt plc’s latest quarter earnings to come in at $1.34 per share, but it turned out to be $1.89, a 41.00% surprise. For the quarter, EBITDA amounted to $84.5 million. 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 23 August was 34.63%, suggesting the stock is Neutral, with historical volatility in this time frame at 329.71%.
As of today, MNK’s price is $0.5809 -17.84% or -$0.1032 from its 5-day moving average. MNK is currently trading -62.27% lower than its 20-day SMA and -93.56% lower than its 100-day SMA. However, the stock’s current price level is -62.57% below the SMA50 and -96.82% below the SMA200.
The stochastic %K and %D were 2.57% and 3.67%, respectively, and the average true range (ATR) was 0.2346. With the 14-day stochastic at 1.60% and the average true range at 0.2690, the RSI (14) stands at 38.66%. The stock has reached -0.1369 on the 9-day MACD Oscillator while the 14-day reading was at -0.3680.
