The stock of Manhattan Associates, Inc. (NASDAQ: MANH) has decreased by -8.68 when compared to last closing price of 230.63. Despite this, the company has experienced a -7.81% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-23 that The headline numbers for Manhattan Associates (MANH) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Is It Worth Investing in Manhattan Associates, Inc. (NASDAQ: MANH) Right Now?
The price-to-earnings ratio for Manhattan Associates, Inc. (NASDAQ: MANH) is above average at 74.55x. The 36-month beta value for MANH is also noteworthy at 1.42. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The public float for MANH is 60.78M, and at present, short sellers hold a 1.92% of that float. The average trading volume of MANH on April 24, 2024 was 381.27K shares.
MANH’s Market Performance
MANH stock saw a decrease of -7.81% in the past week, with a monthly decline of -15.25% and a quarterly a decrease of -4.77%. The volatility ratio for the week is 2.26%, and the volatility levels for the last 30 days are 1.86% for Manhattan Associates, Inc. (MANH). The simple moving average for the past 20 days is -11.75% for MANH’s stock, with a -2.95% simple moving average for the past 200 days.
Analysts’ Opinion of MANH
Many brokerage firms have already submitted their reports for MANH stocks, with Citigroup repeating the rating for MANH by listing it as a “Neutral.” The predicted price for MANH in the upcoming period, according to Citigroup is $260 based on the research report published on March 13, 2024 of the current year 2024.
Rosenblatt, on the other hand, stated in their research note that they expect to see MANH reach a price target of $150. The rating they have provided for MANH stocks is “Neutral” according to the report published on April 11th, 2023.
DA Davidson gave a rating of “Neutral” to MANH, setting the target price at $145 in the report published on February 22nd of the previous year.
MANH Trading at -14.36% from the 50-Day Moving Average
After a stumble in the market that brought MANH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.11% of loss for the given period.
Volatility was left at 1.86%, however, over the last 30 days, the volatility rate increased by 2.26%, as shares sank -16.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.78% lower at present.
During the last 5 trading sessions, MANH fell by -8.33%, which changed the moving average for the period of 200-days by +7.28% in comparison to the 20-day moving average, which settled at $236.64. In addition, Manhattan Associates, Inc. saw -2.19% 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 MANH starting from Richards Bruce, who sale 4,000 shares at the price of $255.67 back on Mar 06 ’24. After this action, Richards Bruce now owns 30,236 shares of Manhattan Associates, Inc., valued at $1,022,682 using the latest closing price.
Gantt James Stewart, the EVP, Professional Services of Manhattan Associates, Inc., sale 4,000 shares at $250.79 during a trade that took place back on Mar 05 ’24, which means that Gantt James Stewart is holding 52,287 shares at $1,003,142 based on the most recent closing price.
Stock Fundamentals for MANH
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 0.66 for the gross margin
The net margin for Manhattan Associates, Inc. stands at 0.2. The total capital return value is set at 0.73. Equity return is now at value 69.92, with 28.40 for asset returns.
Based on Manhattan Associates, Inc. (MANH), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 4.03. The debt to equity ratio resting at 0.25. The interest coverage ratio of the stock is -330.47.
Currently, EBITDA for the company is 215.63 million with net debt to EBITDA at -0.69. When we switch over and look at the enterprise to sales, we see a ratio of 13.33. The receivables turnover for the company is 4.68for trailing twelve months and the total asset turnover is 1.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.28.
Conclusion
In summary, Manhattan Associates, Inc. (MANH) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
