As of Thursday close, Manhattan Associates Inc.’s (NASDAQ:MANH) stock was down -$0.65, moving down -0.32 percent to $202.62. The average number of shares traded per day over the past five days has been 1,002,060 shares. 5 times new highs have been achieved over the past 5 days, with a $12.67 gain in that time frame. In the last twenty days, the average volume was 475,815, while in the previous 50 days, it was 440,944.
Since last month, MANH stock rose 7.74%. Shares of the company fell to $183.07 on 08/09/23, the lowest level in the past month. A 52-week high of $208.31 was reached on 07/20/23 after having rallying from a 52-week low of $107.18. Since the beginning of this year, MANH’s stock price has risen by 66.90% or $81.22, and marked a new high 32 times. However, the stock has declined by -2.73% since its 52-week high.
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MANH stock investors should be aware that Manhattan Associates Inc. (MANH) stock had its last reported insider trading activity 2 days ago on Aug 30. HUNTZ JOHN J JR, the Director of the company, disposed of 11,815 shares for $202.95 on Aug 30. It resulted in a $2,397,860 divestment by the insider. Hollembaek Linda T. sold 1,800 shares at an average price of $190.00 on Aug 11. The insider now owns 11,747 shares following the transaction. On Jun 12, Director Eger Edmond sold 1,885 shares at $189.45 apiece. The transaction was valued at $357,122.
Valuation Metrics
Right now, Manhattan Associates Inc. (MANH) has a P/E ratio of about 87.26. The stock’s beta is 1.54. Besides these, the trailing price-to-sales (P/S) ratio of 14.55, the price-to-book (PB) ratio of 73.41, and the price-to-cash flow ratio of 65.50 may also be considered.
Financial Health
In the three months ended June 29, Manhattan Associates Inc.’s quick ratio stood at 1.10, while its current ratio was 1.10, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 53.00% percent. In the year ended June 29, EBITDA margin amounted to 20.78%, whereas operating margins totaled 21.10%. Based on annual data, MANH earned $408.85 million in gross profit and brought in $767.08 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 54.50%. Return on equity (ROE) for the past 12 months was 75.20%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MANH’s revenue rose 16.92% to $221.01 million during the quarter, while net income inched up to $231.02 million. While analysts expected Manhattan Associates Inc. to report $0.72 quarterly earnings, the actual figure was $0.88 per share, beating the consensus estimate by 22.20%. During the quarter, the company generated $51.8 million in EBITDA. The liabilities of Manhattan Associates Inc. were 356.44 million at the end of its most recent quarter ended June 29, and its total debt was $12.46 million. The value of shareholders’ equity is $61.67 million.
Technical Picture
This quick technical analysis looks at Manhattan Associates Inc.’s (MANH) price momentum. With a historical volatility rate of 22.48%, the RSI 9-day stood at 70.30% on 31 August.
With respect to its five-day moving average, the current Manhattan Associates Inc. price is up by +6.67% percent or $12.67. At present, MANH shares trade +7.86% above its 20-day simple moving average and +30.46% percent above its 100-day simple moving average. However, the stock is currently trading approximately +6.81% above its SMA50 and +63.35% above its SMA200.
Stochastic coefficient K was 93.29% and Stochastic coefficient D was 90.04%, while ATR was 4.62. Given the Stochastic reading of 86.04% for the 14-day period, the RSI (14) reading has been calculated as 64.60%. As of today, the MACD Oscillator reading stands at 7.20, while the 14-day reading stands at 9.34.
Analyst Ratings
Manhattan Associates Inc. downgraded its rating on Manhattan Associates Inc. (NASDAQ: MANH) to a Neutral in a note to investors on April 11, 2023. The analysts firm previously had a Buy rating on the stock.Manhattan Associates Inc. (MANH) has been rated Overweight by analysts. According to 0 brokerage firms, MANH is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Manhattan Associates Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $216.50, the current consensus forecast for the stock is $175.00 – $230.00. Based on these forecasts, analysts predict Manhattan Associates Inc. (MANH) will achieve an average price target of $209.00.
