The stock has a 36-month beta value of 1.38. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for MC is 66.31M, and at present, short sellers hold a 9.16% of that float. On April 12, 2024, the average trading volume of MC was 644.98K shares.
MC) stock’s latest price update
Moelis & Co (NYSE: MC)’s stock price has decreased by -1.13 compared to its previous closing price of 54.04. However, the company has seen a -4.09% decrease in its stock price over the last five trading sessions. Business Wire reported 2024-04-03 that NEW YORK–(BUSINESS WIRE)– #Moelis–Moelis & Company to Announce First Quarter 2024 Financial Results and Host a Conference Call on April 24, 2024.
MC’s Market Performance
Moelis & Co (MC) has seen a -4.09% fall in stock performance for the week, with a 1.93% gain in the past month and a -0.54% plunge in the past quarter. The volatility ratio for the week is 2.62%, and the volatility levels for the past 30 days are at 2.62% for MC. The simple moving average for the last 20 days is -3.84% for MC stock, with a simple moving average of 7.63% for the last 200 days.
Analysts’ Opinion of MC
Many brokerage firms have already submitted their reports for MC stocks, with Goldman repeating the rating for MC by listing it as a “Neutral.” The predicted price for MC in the upcoming period, according to Goldman is $58 based on the research report published on March 13, 2024 of the current year 2024.
Keefe Bruyette, on the other hand, stated in their research note that they expect to see MC reach a price target of $56. The rating they have provided for MC stocks is “Mkt Perform” according to the report published on January 29th, 2024.
Goldman gave a rating of “Sell” to MC, setting the target price at $37 in the report published on January 11th of the previous year.
MC Trading at -2.55% from the 50-Day Moving Average
After a stumble in the market that brought MC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.93% of loss for the given period.
Volatility was left at 2.62%, however, over the last 30 days, the volatility rate increased by 2.62%, as shares sank -1.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.20% lower at present.
During the last 5 trading sessions, MC fell by -4.09%, which changed the moving average for the period of 200-days by +24.26% in comparison to the 20-day moving average, which settled at $55.52. In addition, Moelis & Co saw -4.81% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MC starting from MAHMOODZADEGAN NAVID, who sale 19,483 shares at the price of $53.88 back on Mar 01 ’24. After this action, MAHMOODZADEGAN NAVID now owns 44,980 shares of Moelis & Co, valued at $1,049,744 using the latest closing price.
MOELIS KENNETH, the Chairman, CEO of Moelis & Co, sale 4,000 shares at $54.08 during a trade that took place back on Mar 01 ’24, which means that MOELIS KENNETH is holding 82,441 shares at $216,320 based on the most recent closing price.
Stock Fundamentals for MC
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.16 for the gross margin
The net margin for Moelis & Co stands at -0.03. The total capital return value is set at -0.07. Equity return is now at value -6.20, with -2.06 for asset returns.
Based on Moelis & Co (MC), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.67.
Currently, EBITDA for the company is -32.03 million with net debt to EBITDA at -1.36. When we switch over and look at the enterprise to sales, we see a ratio of 4.2. The receivables turnover for the company is 13.43for trailing twelve months and the total asset turnover is 0.72.
Conclusion
To sum up, Moelis & Co (MC) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.
