As of Thursday close, Moelis & Company’s (NYSE:MC) stock was down -$0.8, moving down -1.75 percent to $44.83. The average number of shares traded per day over the past five days has been 953,860 shares. 2 times new highs have been achieved over the past 5 days, with a -$3.18 fall in that time frame. In the last twenty days, the average volume was 628,215, while in the previous 50 days, it was 681,586.
Since last month, MC stock rose 2.16%. Shares of the company fell to $43.64 on 08/22/23, the lowest level in the past month. A 52-week high of $52.50 was reached on 07/25/23 after having rallying from a 52-week low of $33.12. Since the beginning of this year, MC’s stock price has risen by 16.84% or $6.46, and marked a new high 21 times. However, the stock has declined by -14.61% since its 52-week high.
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MC stock investors should be aware that Moelis & Company (MC) stock had its last reported insider trading activity 43 days ago on Aug 10. Shropshire Kenneth, the Director of the company, disposed of 1,417 shares for $48.09 on Aug 10. It resulted in a $68,144 divestment by the insider. CRAIN ELIZABETH sold 5,588 shares at an average price of $48.06 on Aug 02. The insider now owns 0 shares following the transaction. On Jul 31, Chief Operating Officer CRAIN ELIZABETH sold 5,588 shares at $48.10 apiece. The transaction was valued at $268,783.
Valuation Metrics
Right now, Moelis & Company (MC) has a P/E ratio of about 85.07. The stock’s beta is 1.50. Besides these, the trailing price-to-sales (P/S) ratio of 3.91, the price-to-book (PB) ratio of 7.86, and the price-to-cash flow ratio of 20.11 may also be considered.
The latest dividend of $0.60 per share was paid out, remained unchanged from last year’s $0.60. On Thursday February 10 2022, a $2.50 dividend decrease was announced.
Financial Health
In the year ended June 29, operating margins totaled 6.60%. Based on annual data, MC earned $216.1 million in gross profit and brought in $985.3 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 37.90%. Return on equity (ROE) for the past 12 months was 8.90%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MC’s revenue fell -34.83% to $187.82 million during the quarter, while net income inched up to $179.87 million. While analysts expected Moelis & Company to report -$0.01 quarterly earnings, the actual figure was -$0.04 per share. During the quarter, the company generated -$7.65 million in EBITDA. The value of shareholders’ equity is $71.06 million.
Technical Picture
This quick technical analysis looks at Moelis & Company’s (MC) price momentum. With a historical volatility rate of 26.95%, the RSI 9-day stood at 35.64% on 21 September.
With respect to its five-day moving average, the current Moelis & Company price is down by -6.62% percent or -$3.18. At present, MC shares trade +1.15% above its 20-day simple moving average and +18.35% percent above its 100-day simple moving average. However, the stock is currently trading approximately -6.33% below its SMA50 and +1.43% above its SMA200.
Stochastic coefficient K was 22.80% and Stochastic coefficient D was 46.47%, while ATR was 1.26. Given the Stochastic reading of 6.21% for the 14-day period, the RSI (14) reading has been calculated as 40.64%. As of today, the MACD Oscillator reading stands at -1.29, while the 14-day reading stands at -1.08.
Analyst Ratings
Moelis & Company downgraded its rating on Moelis & Company (NYSE: MC) to a Sell in a note to investors on January 11, 2023. The analysts firm previously had a Neutral rating on the stock.Moelis & Company (MC) has been rated Underweight by analysts. According to 4 brokerage firms, MC is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Moelis & Company stock as buy, with 0 recommending it as overweight.
With a median target price of $39.00, the current consensus forecast for the stock is $29.00 – $56.00. Based on these forecasts, analysts predict Moelis & Company (MC) will achieve an average price target of $41.00.
