Monro Inc (NASDAQ: MNRO)’s stock price has plunge by 5.16relation to previous closing price of 25.59. Nevertheless, the company has seen a -0.11% plunge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-01-24 that Monro, Inc. (MNRO) Q3 2024 Earnings Call Transcript
Is It Worth Investing in Monro Inc (NASDAQ: MNRO) Right Now?
The price-to-earnings ratio for Monro Inc (NASDAQ: MNRO) is above average at 25.95x, Company’s 36-month beta value is 1.16.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for MNRO is 29.27M, and currently, short sellers hold a 11.93% ratio of that floaft. The average trading volume of MNRO on May 10, 2024 was 393.55K shares.
MNRO’s Market Performance
MNRO stock saw a decrease of -0.11% in the past week, with a monthly decline of -10.78% and a quarterly a decrease of -17.43%. The volatility ratio for the week is 3.77%, and the volatility levels for the last 30 days are 3.65% for Monro Inc (MNRO). The simple moving average for the past 20 days is -5.38% for MNRO’s stock, with a -10.94% simple moving average for the past 200 days.
Analysts’ Opinion of MNRO
Many brokerage firms have already submitted their reports for MNRO stocks, with Wells Fargo repeating the rating for MNRO by listing it as a “Equal Weight.” The predicted price for MNRO in the upcoming period, according to Wells Fargo is $35 based on the research report published on September 07, 2023 of the previous year 2023.
MNRO Trading at -10.22% from the 50-Day Moving Average
After a stumble in the market that brought MNRO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -46.39% of loss for the given period.
Volatility was left at 3.65%, however, over the last 30 days, the volatility rate increased by 3.77%, as shares sank -11.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.60% lower at present.
During the last 5 trading sessions, MNRO fell by -0.11%, which changed the moving average for the period of 200-days by -31.35% in comparison to the 20-day moving average, which settled at $28.26. In addition, Monro Inc saw -8.28% 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 MNRO starting from Broderick Michael T, who purchase 5,000 shares at the price of $32.30 back on Feb 02 ’24. After this action, Broderick Michael T now owns 90,487 shares of Monro Inc, valued at $161,490 using the latest closing price.
Broderick Michael T, the CEO & President of Monro Inc, purchase 10,000 shares at $35.03 during a trade that took place back on Aug 02 ’23, which means that Broderick Michael T is holding 85,487 shares at $350,260 based on the most recent closing price.
Stock Fundamentals for MNRO
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.35 for the gross margin
The net margin for Monro Inc stands at 0.03. The total capital return value is set at 0.05. Equity return is now at value 5.04, with 1.94 for asset returns.
Based on Monro Inc (MNRO), the company’s capital structure generated 0.48 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 0.93. The interest coverage ratio of the stock is 3.22.
Currently, EBITDA for the company is 80.34 million with net debt to EBITDA at 5.71. When we switch over and look at the enterprise to sales, we see a ratio of 1.09. The receivables turnover for the company is 83.82for trailing twelve months and the total asset turnover is 0.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.56.
Conclusion
In a nutshell, Monro Inc (MNRO) has experienced a bad 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.
