Marine Products Corp (NYSE: MPX) has a price-to-earnings ratio of 10.40x that is above its average ratio. Additionally, the 36-month beta value for MPX is 1.27. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for MPX is 10.74M and currently, short sellers hold a 2.94% ratio of that float. The average trading volume of MPX on May 10, 2024 was 54.24K shares.
MPX) stock’s latest price update
Marine Products Corp (NYSE: MPX)’s stock price has gone decline by -8.34 in comparison to its previous close of 11.39, however, the company has experienced a -2.62% decrease in its stock price over the last five trading days. Seeking Alpha reported 2024-03-26 that Marine Products is a Georgia-based manufacturer of smaller fishing and seaside excursion boats, with a leading market position. The company has enjoyed strong returns and margins since 2021, with zero debt and plenty of cash on hand currently. A record-low valuation and conservative financial position have created an attractive investment opportunity in MPX.
MPX’s Market Performance
Marine Products Corp (MPX) has seen a -2.62% fall in stock performance for the week, with a -3.72% decline in the past month and a 5.74% surge in the past quarter. The volatility ratio for the week is 4.79%, and the volatility levels for the past 30 days are at 4.30% for MPX. The simple moving average for the last 20 days is -1.79% for MPX’s stock, with a simple moving average of -8.28% for the last 200 days.
Analysts’ Opinion of MPX
Many brokerage firms have already submitted their reports for MPX stocks, with DA Davidson repeating the rating for MPX by listing it as a “Neutral.” The predicted price for MPX in the upcoming period, according to DA Davidson is $16 based on the research report published on August 23, 2023 of the previous year 2023.
B. Riley FBR, on the other hand, stated in their research note that they expect to see MPX reach a price target of $11.50, previously predicting the price at $10. The rating they have provided for MPX stocks is “Neutral” according to the report published on June 08th, 2020.
B. Riley FBR gave a rating of “Neutral” to MPX, setting the target price at $16 in the report published on December 26th of the previous year.
MPX Trading at -0.01% from the 50-Day Moving Average
After a stumble in the market that brought MPX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -37.78% of loss for the given period.
Volatility was left at 4.30%, however, over the last 30 days, the volatility rate increased by 4.79%, as shares sank -10.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.32% lower at present.
During the last 5 trading sessions, MPX fell by -8.26%, which changed the moving average for the period of 200-days by -37.97% in comparison to the 20-day moving average, which settled at $11.22. In addition, Marine Products Corp saw -2.79% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MPX
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.23 for the gross margin
The net margin for Marine Products Corp stands at 0.1. The total capital return value is set at 0.22. Equity return is now at value 23.86, with 17.47 for asset returns.
Based on Marine Products Corp (MPX), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 52.78. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 51.58.
Currently, EBITDA for the company is 49.58 million with net debt to EBITDA at -2.26. When we switch over and look at the enterprise to sales, we see a ratio of 0.84. The receivables turnover for the company is 43.1for trailing twelve months and the total asset turnover is 1.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.70.
Conclusion
In conclusion, Marine Products Corp (MPX) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
