while the 36-month beta value is 0.68.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
The average price point forecasted by analysts for Manchester United plc (MANU) is $22.79, which is $6.66 above the current market price. The public float for MANU is 53.36M, and currently, short sellers hold a 5.64% ratio of that floaft. The average trading volume of MANU on March 16, 2023 was 1.52M shares.
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MANU) stock’s latest price update
Manchester United plc (NYSE: MANU)’s stock price has increased by 2.48 compared to its previous closing price of 20.58. but the company has seen a -3.17% decline in its stock price over the last five trading sessions. MarketWatch.com reported on 12/09/22 that Cristiano Ronaldo reportedly set to join Saudi club Al-Nassr for history-making $210 million per season
MANU’s Market Performance
MANU’s stock has fallen by -3.17% in the past week, with a monthly drop of -10.64% and a quarterly rise of 2.58%. The volatility ratio for the week is 5.70% while the volatility levels for the last 30 days are 5.59% for Manchester United plc The simple moving average for the last 20 days is -5.10% for MANU stock, with a simple moving average of 29.96% for the last 200 days.
Analysts’ Opinion of MANU
Deutsche Bank, on the other hand, stated in their research note that they expect to see MANU reach a price target of $18. The rating they have provided for MANU stocks is “Buy” according to the report published on March 21st, 2022.
MANU Trading at -6.79% from the 50-Day Moving Average
After a stumble in the market that brought MANU to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.86% of loss for the given period.
Volatility was left at 5.59%, however, over the last 30 days, the volatility rate increased by 5.70%, as shares sank -11.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.60% lower at present.
During the last 5 trading sessions, MANU fell by -3.17%, which changed the moving average for the period of 200-days by +68.45% in comparison to the 20-day moving average, which settled at $22.09. In addition, Manchester United plc saw -9.60% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MANU
Current profitability levels for the company are sitting at:
- -14.45 for the present operating margin
- -14.22 for the gross margin
The net margin for Manchester United plc stands at -19.81. Equity return is now at value -73.60, with -9.40 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.48.
Conclusion
In a nutshell, Manchester United plc (MANU) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
