MasterBrand Inc (NYSE:MBC) saw a downside of -2.17% to close Friday at $12.15 after subtracting -$0.27 on the day. The 5-day average trading volume is 687,420 shares of the company’s common stock. It has gained $12.58 in the past week and touched a new high 3 times within the past 5 days. An average of 700,140 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 730,876.
MBC’s 1-month performance is -5.08% or -$0.53 on its low of $11.26 reached on 09/13/23. The company’s shares have touched a 52-week low of $7.08 and high of $15.00. YTD, MBC has achieved 60.93% or $4.60 and has reached a new high 27 times. However, the current price is down -19.00% from the 52-week high price.
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Insider Transactions
MBC stock investors last saw insider trading activity on Jan 23.GOLDMAN SACHS GROUP INC (10% Owner) most recently sold 1,362 shares at $8.59 per share on Jan 23. This transaction cost the insider $11,703.
Valuation Metrics
Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 1.41.
MasterBrand Inc’s quick ratio for the period ended June 29 was 1.09, with the current ratio over the same period at 1.94. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.75, while the total debt to equity was 0.79. The trailing 12-month EBITDA margin is 10.22%. The firm’s gross profit as reported stood at $940.5 million against revenue of $3.28 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 100.0% to $51.2 million, while revenue of $35.0 million was 31.64% off the previous quarter. Analysts expected MBC to announce $0.31 per share in earnings in its latest quarter, but it posted $0.42, representing a 35.50% surprise. EBITDA for the quarter stood at more than $103.6 million. MBC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.32 billion, with total debt at $877.2 million. Shareholders hold equity totaling $127.68 million.
Let’s look briefly at MasterBrand Inc (MBC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 45.86% to suggest the stock is trending Neutral, with historical volatility in this time period at 37.50%.
The stock’s 5-day moving average is $12.29, reflecting a +1.00% or $0.12 change from its current price. MBC is currently trading -2.25% above its 20-day SMA, +50.37% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -3.65%.
Stochastic %K and %D was 55.84% and 55.25% and the average true range (ATR) pointed at 0.38. The RSI (14) points at 46.83%, while the 14-day stochastic is at 56.40% with the period’s ATR at 0.38. The stock’s 9-day MACD Oscillator is pointing at 0.15 and 0.10 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for MasterBrand Inc (NYSE: MBC), Loop Capital upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for MBC stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate MBC as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is MBC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $16.00 and a high of $16.00, with their median price target at $16.00. Looking at these predictions, the average price target given by analysts is for MasterBrand Inc (MBC) stock is $16.00.
