At the last check on Friday, MYT Netherlands Parent B.V.’s (NYSE:MYTE) stock was up $0.19, moving up 5.64 percent to $3.56. The average number of shares traded per day over the past five days has been 167,212 shares. 5 times new highs have been achieved over the past 5 days, with a $0.39 gain in that time frame. In the last twenty days, the average volume was 103,598, while in the previous 50 days, it was 98,827.
Since last month, MYTE stock retreated -7.29%. Shares of the company fell to $3.02 on 08/29/23, the lowest level in the past month. A 52-week high of $13.67 was reached on 01/24/23 after having rallying from a 52-week low of $3.02. Since the beginning of this year, MYTE’s stock price has dropped by -60.04% or -$5.44, and marked a new high 12 times. However, the stock has declined by -73.96% since its 52-week high.
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Valuation Metrics
The stock’s beta is 1.09. Besides these, the trailing price-to-sales (P/S) ratio of 0.38, the price-to-book (PB) ratio of 0.63.
Financial Health
In the three months ended March 30, MYT Netherlands Parent B.V.’s quick ratio stood at 0.50, while its current ratio was 2.80, 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 0.11, and the total debt-to-equity ratio was 0.14. On the profitability front, the trailing twelve-month gross margin is 51.00% percent. In the year ended March 30, operating margins totaled -0.30%. Based on annual data, MYTE earned $400.22 million in gross profit and brought in $777.62 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 -1.50%. Return on equity (ROE) for the past 12 months was -1.80%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected MYT Netherlands Parent B.V. to report $0.01 quarterly earnings, the actual figure was $0.02 per share. During the quarter, the company generated -$3.25 million in EBITDA. The liabilities of MYT Netherlands Parent B.V. were 211.78 million at the end of its most recent quarter ended March 30, and its total debt was $62.42 million.
Technical Picture
This quick technical analysis looks at MYT Netherlands Parent B.V.’s (MYTE) price momentum. With a historical volatility rate of 35.16%, the RSI 9-day stood at 55.45% on 31 August.
With respect to its five-day moving average, the current MYT Netherlands Parent B.V. price is up by +12.66% percent or $0.39. At present, MYTE shares trade -9.16% below its 20-day simple moving average and -53.17% percent below its 100-day simple moving average. However, the stock is currently trading approximately -7.47% below its SMA50 and -68.25% below its SMA200.
Stochastic coefficient K was 44.44% and Stochastic coefficient D was 31.26%, while ATR was 0.19. Given the Stochastic reading of 55.56% for the 14-day period, the RSI (14) reading has been calculated as 48.09%. As of today, the MACD Oscillator reading stands at 0.18, while the 14-day reading stands at 0.05.
Analyst Ratings
MYT Netherlands Parent B.V. downgraded its rating on MYT Netherlands Parent B.V. (NYSE: MYTE) to a Hold in a note to investors on June 14, 2023. The analysts firm previously had a Buy rating on the stock.MYT Netherlands Parent B.V. (MYTE) has been rated Overweight by analysts. According to 0 brokerage firms, MYTE is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate MYT Netherlands Parent B.V. stock as buy, with 3 recommending it as overweight.
With a median target price of $6.35, the current consensus forecast for the stock is $3.14 – $7.35. Based on these forecasts, analysts predict MYT Netherlands Parent B.V. (MYTE) will achieve an average price target of $5.76.
