As of Thursday close, Mister Car Wash Inc.’s (NYSE:MCW) stock was down -$0.05, moving down -0.86 percent to $5.75. The average number of shares traded per day over the past five days has been 1,457,880 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.39 fall in that time frame. In the last twenty days, the average volume was 1,411,610, while in the previous 50 days, it was 1,698,484.
Since last month, MCW stock retreated -13.66%. Shares of the company fell to $5.62 on 09/21/23, the lowest level in the past month. A 52-week high of $11.14 was reached on 02/02/23 after having rallying from a 52-week low of $5.78. Since the beginning of this year, MCW’s stock price has dropped by -37.70% or -$3.48, and marked a new high 9 times. However, the stock has declined by -48.38% since its 52-week high.
MCW stock investors should be aware that Mister Car Wash Inc. (MCW) stock had its last reported insider trading activity 4 days ago on Sep 18. Lai John Lo-minn, the Chief Executive Officer of the company, disposed of 198,200 shares for $6.01 on Sep 18. It resulted in a $1,191,182 divestment by the insider. Lai John Lo-minn sold 77,730 shares at an average price of $6.01 on Sep 18. The insider now owns 960,000 shares following the transaction. On Sep 11, Chief Executive Officer Lai John Lo-minn sold 198,200 shares at $6.38 apiece. The transaction was valued at $1,264,516.
Valuation Metrics
Right now, Mister Car Wash Inc. (MCW) has a P/E ratio of about 20.91. The stock’s beta is 1.26. Besides these, the trailing price-to-sales (P/S) ratio of 2.03, the price-to-book (PB) ratio of 2.05.
Financial Health
In the three months ended June 29, Mister Car Wash Inc.’s quick ratio stood at 0.90, while its current ratio was 1.00, 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 June 29 was 1.05, and the total debt-to-equity ratio was 1.05. In the year ended June 29, EBITDA margin amounted to 33.10%, whereas operating margins totaled 20.10%. Based on annual data, MCW earned $608.04 million in gross profit and brought in $876.51 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 9.00%. Return on equity (ROE) for the past 12 months was 11.00%.
In Mister Car Wash Inc.’s quarter-end financial report for June 29, it reported total debt of $896.62 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MCW’s revenue rose 4.95% to $225.96 million during the quarter, while net income inched up to $236.89 million. While analysts expected Mister Car Wash Inc. to report $0.09 quarterly earnings, the actual figure was $0.09 per share. During the quarter, the company generated $69.57 million in EBITDA. The liabilities of Mister Car Wash Inc. were 1.97 billion at the end of its most recent quarter ended June 29, and its total debt was $1.75 billion. The value of shareholders’ equity is $312.5 million.
Technical Picture
This quick technical analysis looks at Mister Car Wash Inc.’s (MCW) price momentum. With a historical volatility rate of 19.99%, the RSI 9-day stood at 19.13% on 21 September.
With respect to its five-day moving average, the current Mister Car Wash Inc. price is down by -6.35% percent or -$0.39. At present, MCW shares trade -15.81% below its 20-day simple moving average and -34.81% percent below its 100-day simple moving average. However, the stock is currently trading approximately -41.15% below its SMA50 and -43.57% below its SMA200.
Stochastic coefficient K was 4.38% and Stochastic coefficient D was 3.51%, while ATR was 0.24. Given the Stochastic reading of 7.39% for the 14-day period, the RSI (14) reading has been calculated as 24.25%. As of today, the MACD Oscillator reading stands at -0.20, while the 14-day reading stands at -0.48.
Analyst Ratings
Mister Car Wash Inc. (MCW) has been rated Overweight by analysts. According to 1 brokerage firm, MCW is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Mister Car Wash Inc. stock as buy, with 7 recommending it as overweight.
With a median target price of $10.00, the current consensus forecast for the stock is $7.00 – $13.00. Based on these forecasts, analysts predict Mister Car Wash Inc. (MCW) will achieve an average price target of $10.05.
