The price-to-earnings ratio for Monolithic Power System Inc (NASDAQ: MPWR) is 83.09x, which is above its average ratio. Moreover, the 36-month beta value for MPWR is 1.13. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 3 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for MPWR is 46.46M and currently, short sellers hold a 2.00% of that float. On May 02, 2024, MPWR’s average trading volume was 562.26K shares.
MPWR) stock’s latest price update
Monolithic Power System Inc (NASDAQ: MPWR)’s stock price has gone rise by 6.91 in comparison to its previous close of 652.59, however, the company has experienced a 5.66% increase in its stock price over the last five trading days. Seeking Alpha reported 2024-05-01 that Monolithic Power Systems, Inc. (NASDAQ:MPWR ) Q1 2024 Earnings Conference Call May 1, 2024 5:00 PM ET Company Participants Genevieve Cunningham – Senior Manager, Marketing Communications Michael Hsing – Chief Executive Officer and Founder Bernie Blegen – Executive Vice President and Chief Financial Officer Tony Balow – Vice President of Finance Conference Call Participants Tore Svanberg – Stifel Nicolaus Quinn Bolton – Needham & Company Rick Schafer – Oppenheimer Ross Seymore – Deutsche Bank William Stein – Truist Financial Matt Ramsay – Cowen Gary Mobley – Wells Fargo Melissa Fairbanks – Raymond James Operator Genevieve Cunningham Welcome everyone to the MPS First Quarter 2024 Earnings Webinar. My name is Genevieve Cunningham, and I will be the moderator for this webinar.
MPWR’s Market Performance
Monolithic Power System Inc (MPWR) has experienced a 5.66% rise in stock performance for the past week, with a 7.37% rise in the past month, and a 13.61% rise in the past quarter. The volatility ratio for the week is 3.89%, and the volatility levels for the past 30 days are at 3.57% for MPWR. The simple moving average for the past 20 days is 7.22% for MPWR’s stock, with a 20.94% simple moving average for the past 200 days.
Analysts’ Opinion of MPWR
Many brokerage firms have already submitted their reports for MPWR stocks, with TD Cowen repeating the rating for MPWR by listing it as a “Outperform.” The predicted price for MPWR in the upcoming period, according to TD Cowen is $800 based on the research report published on February 08, 2024 of the current year 2024.
Rosenblatt, on the other hand, stated in their research note that they expect to see MPWR reach a price target of $750, previously predicting the price at $550. The rating they have provided for MPWR stocks is “Buy” according to the report published on December 26th, 2023.
MPWR Trading at 2.54% from the 50-Day Moving Average
After a stumble in the market that brought MPWR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.34% of loss for the given period.
Volatility was left at 3.57%, however, over the last 30 days, the volatility rate increased by 3.89%, as shares surge +8.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.35% lower at present.
During the last 5 trading sessions, MPWR rose by +5.58%, which changed the moving average for the period of 200-days by +18.54% in comparison to the 20-day moving average, which settled at $653.46. In addition, Monolithic Power System Inc saw 10.61% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MPWR starting from Sciammas Maurice, who sale 11,000 shares at the price of $681.83 back on Apr 08 ’24. After this action, Sciammas Maurice now owns 130,744 shares of Monolithic Power System Inc, valued at $7,500,104 using the latest closing price.
Hsing Michael, the CEO of Monolithic Power System Inc, sale 8,000 shares at $677.44 during a trade that took place back on Apr 01 ’24, which means that Hsing Michael is holding 899,232 shares at $5,419,521 based on the most recent closing price.
Stock Fundamentals for MPWR
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.56 for the gross margin
The net margin for Monolithic Power System Inc stands at 0.23. The total capital return value is set at 0.22. Equity return is now at value 21.09, with 17.07 for asset returns.
Based on Monolithic Power System Inc (MPWR), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 81.12.
Currently, EBITDA for the company is 521.9 million with net debt to EBITDA at -1.15. When we switch over and look at the enterprise to sales, we see a ratio of 18.43. The receivables turnover for the company is 7.28for trailing twelve months and the total asset turnover is 0.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.34.
Conclusion
To wrap up, the performance of Monolithic Power System Inc (MPWR) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
