The stock of Mister Car Wash Inc (NYSE: MCW) has decreased by -2.87 when compared to last closing price of 6.68. Despite this, the company has experienced a -0.64% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-02 that I upgraded my rating to buy for Mister Car Wash due to better growth outlook for FY25 and improved adj. EBITDA performance. In 2Q24, MCW reported strong total revenue growth and adj. EBITDA performance. Revised model assumptions show potential for attractive upside.
Is It Worth Investing in Mister Car Wash Inc (NYSE: MCW) Right Now?
The price-to-earnings ratio for Mister Car Wash Inc (NYSE: MCW) is above average at 30.22x, Company’s 36-month beta value is 1.67.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for MCW is 93.21M, and currently, short sellers hold a 17.35% ratio of that floaft. The average trading volume of MCW on August 19, 2024 was 2.13M shares.
MCW’s Market Performance
The stock of Mister Car Wash Inc (MCW) has seen a -0.64% decrease in the past week, with a -11.24% drop in the past month, and a -9.00% fall in the past quarter. The volatility ratio for the week is 3.70%, and the volatility levels for the past 30 days are at 4.48% for MCW. The simple moving average for the last 20 days is -7.40% for MCW stock, with a simple moving average of -13.34% for the last 200 days.
Analysts’ Opinion of MCW
Many brokerage firms have already submitted their reports for MCW stocks, with JP Morgan repeating the rating for MCW by listing it as a “Overweight.” The predicted price for MCW in the upcoming period, according to JP Morgan is $8.50 based on the research report published on May 03, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see MCW reach a price target of $11. The rating they have provided for MCW stocks is “Buy” according to the report published on March 19th, 2024.
JP Morgan gave a rating of “Neutral” to MCW, setting the target price at $9.50 in the report published on February 16th of the current year.
MCW Trading at -7.71% from the 50-Day Moving Average
After a stumble in the market that brought MCW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.34% of loss for the given period.
Volatility was left at 4.48%, however, over the last 30 days, the volatility rate increased by 3.70%, as shares sank -10.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.55% lower at present.
During the last 5 trading sessions, MCW fell by -0.31%, which changed the moving average for the period of 200-days by +25.19% in comparison to the 20-day moving average, which settled at $6.97. In addition, Mister Car Wash Inc saw -24.90% 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 MCW starting from Matheny Joseph Duane, who sale 900 shares at the price of $8.00 back on Aug 01 ’24. After this action, Matheny Joseph Duane now owns 81,206 shares of Mister Car Wash Inc, valued at $7,200 using the latest closing price.
MAYRA CHIMIENTI, the Officer of Mister Car Wash Inc, proposed sale 99,031 shares at $7.13 during a trade that took place back on Aug 05 ’24, which means that MAYRA CHIMIENTI is holding shares at $706,091 based on the most recent closing price.
Stock Fundamentals for MCW
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.63 for the gross margin
The net margin for Mister Car Wash Inc stands at 0.07. The total capital return value is set at 0.06. Equity return is now at value 7.78, with 2.43 for asset returns.
Based on Mister Car Wash Inc (MCW), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 1.03. The interest coverage ratio of the stock is 2.27.
Currently, EBITDA for the company is 248.26 million with net debt to EBITDA at 7.54. When we switch over and look at the enterprise to sales, we see a ratio of 4.06. The receivables turnover for the company is 34.27for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.28.
Conclusion
In a nutshell, Mister Car Wash Inc (MCW) 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.
