As of Wednesday close, MasterCraft Boat Holdings Inc.’s (NASDAQ:MCFT) stock was down -$3.2, moving down -12.82 percent to $21.76. The average number of shares traded per day over the past five days has been 504,680 shares. 2 times new highs have been achieved over the past 5 days, with a -$3.52 fall in that time frame. In the last twenty days, the average volume was 250,650, while in the previous 50 days, it was 215,340.
Since last month, MCFT stock retreated -30.92%. Shares of the company fell to $19.25 on 08/30/23, the lowest level in the past month. A 52-week high of $35.29 was reached on 03/08/23 after having rallying from a 52-week low of $18.49. Since the beginning of this year, MCFT’s stock price has dropped by -15.89% or -$4.11, and marked a new high 17 times. However, the stock has declined by -38.34% since its 52-week high.
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MCFT stock investors should be aware that MasterCraft Boat Holdings Inc. (MCFT) stock had its last reported insider trading activity 204 days ago on Feb 08. Coliseum Capital Management, L, the 10% Owner of the company, disposed of 335,500 shares for $34.24 on Feb 08. It resulted in a $11,487,520 divestment by the insider.
Valuation Metrics
Right now, MasterCraft Boat Holdings Inc. (MCFT) has a P/E ratio of about 4.94. The stock’s beta is 1.81. Besides these, the trailing price-to-sales (P/S) ratio of 0.53, the price-to-book (PB) ratio of 2.17.
Financial Health
In the three months ended March 30, MasterCraft Boat Holdings Inc.’s quick ratio stood at 1.30, while its current ratio was 1.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.29, and the total debt-to-equity ratio was 0.31. On the profitability front, the trailing twelve-month gross margin is 25.50% percent. In the year ended March 30, operating margins totaled 14.50%. Based on annual data, MCFT earned $162.36 million in gross profit and brought in $707.86 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 29.80%. Return on equity (ROE) for the past 12 months was 37.00%.
In MasterCraft Boat Holdings Inc.’s quarter-end financial report for March 30, it reported total debt of $50.39 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MCFT’s revenue fell -11.66% to $159.19 million during the quarter, while net income inched up to $166.6 million. While analysts expected MasterCraft Boat Holdings Inc. to report $1.04 quarterly earnings, the actual figure was $1.36 per share, beating the consensus estimate by 30.80%. During the quarter, the company generated $31.7 million in EBITDA. The liabilities of MasterCraft Boat Holdings Inc. were 162.13 million at the end of its most recent quarter ended March 30, and its total debt was $54.4 million. The value of shareholders’ equity is $17.5 million.
Technical Picture
This quick technical analysis looks at MasterCraft Boat Holdings Inc.’s (MCFT) price momentum. With a historical volatility rate of 66.55%, the RSI 9-day stood at 13.77% on 30 August.
With respect to its five-day moving average, the current MasterCraft Boat Holdings Inc. price is down by -13.92% percent or -$3.52. At present, MCFT shares trade -29.07% below its 20-day simple moving average and -22.01% percent below its 100-day simple moving average. However, the stock is currently trading approximately -26.11% below its SMA50 and -13.31% below its SMA200.
Stochastic coefficient K was 15.68% and Stochastic coefficient D was 16.14%, while ATR was 1.31. Given the Stochastic reading of 29.56% for the 14-day period, the RSI (14) reading has been calculated as 20.35%. As of today, the MACD Oscillator reading stands at -1.09, while the 14-day reading stands at -1.63.
Analyst Ratings
DA Davidson launched its rating on MasterCraft Boat Holdings Inc. (NASDAQ: MCFT) to a Neutral in a note to investors on May 31, 2023. MasterCraft Boat Holdings Inc. (MCFT) has been rated Overweight by analysts. According to 0 brokerage firms, MCFT is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate MasterCraft Boat Holdings Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $29.50, the current consensus forecast for the stock is $25.00 – $37.00. Based on these forecasts, analysts predict MasterCraft Boat Holdings Inc. (MCFT) will achieve an average price target of $30.33.
