Mister Car Wash Inc (NYSE:MCW) traded with a subtraction of -$0.03 to close at $5.50on Friday, a downside of -0.54 percent. An average of 1,341,401 shares of common stock have been traded in the last five days. There was a fall of -$0.03 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 1,337,925 shares traded, while the 50-day average volume stands at 1,705,494.
MCW stock has decreased by -25.68% in the last month. The company shares reached their 1-month lowest point of $5.21 on 09/27/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $5.21 and a high of $11.14 in 52 weeks. It has reached a new high 9 times so far this year and lost -40.41% or -$3.66 in price. In spite of this, the price is down -50.63% from the 52-week high.
Insider Transactions
MCW stock investors should be aware that Mister Car Wash Inc (MCW) stock had its last reported insider trading activity 11 days ago on Sep 18. In this transaction, the insider spent $1,191,182. Chief Executive Officer, Lai John Lo-minn, disposed of 77,730 shares at a price of $6.01 on Sep 18. The insider now owns more than $467,157 worth of shares. Prior to that, Chief Executive Officer Lai John Lo-minn went on to Sale 198,200 shares at $6.38 each on Sep 11. An amount of $1,264,516 was transacted.
Valuation Metrics
Mister Car Wash Inc (MCW) has a trailing price-to-earnings (P/E) ratio of 20.01, which compares with the N/A for the broader industry. The stock’s beta is 1.30. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.92, the price-to-book (PB) ratio at 1.98, and the price-to-cash flow ratio at 137.72.
Financial Health
The quick ratio of Mister Car Wash Inc for the three months ended June 29 was 0.93, and the current ratio was 0.97, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.97 and a total debt to equity ratio of 2.02 for the quarter ending June 29. Its gross profit as reported stood at $608.04 million compared to revenue of $876.51 million.
Earnings Surprise
For the three-month period that ended June 29, Mister Car Wash Inc had $896.62 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $27.13 million in the quarter, while revenues of $21.14 million were shrunk -31.44%. The analyst consensus anticipated Mister Car Wash Inc’s latest quarter earnings to come in at $0.09 per share, but it turned out to be $0.09, a 0.00% surprise. For the quarter, EBITDA amounted to $69.57 million. Shareholders own equity worth $312.5 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Mister Car Wash Inc (MCW) price momentum. RSI 9-day as of the close on 28 September was 28.02%, suggesting the stock is oversold, with historical volatility in this time frame at 25.52%.
As of today, MCW’s price is $5.51 -0.45% or -$0.03 from its 5-day moving average. MCW is currently trading -23.14% lower than its 20-day SMA and -38.51% lower than its 100-day SMA. However, the stock’s current price level is -41.11% below the SMA50 and -44.01% below the SMA200.
The stochastic %K and %D were 23.13% and 14.36%, respectively, and the average true range (ATR) was 0.24. With the 14-day stochastic at 31.98% and the average true range at 0.26, the RSI (14) stands at 27.69%. The stock has reached -0.12 on the 9-day MACD Oscillator while the 14-day reading was at -0.29.
Analyst Ratings
The consensus rating for Mister Car Wash Inc (MCW) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell MCW, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 others rate it as a “buy”.
What is MCW’s price target for the next 12 months?
Analysts predict a range of price targets between $7.00 and $13.00, with a median target of $10.00. Taking a look at these predictions, the average price target given by analysts for Mister Car Wash Inc (MCW) stock is $10.05.
