The stock of Moelis & Co (MC) has seen a 1.96% increase in the past week, with a 4.17% gain in the past month, and a 13.26% flourish in the past quarter. The volatility ratio for the week is 2.19%, and the volatility levels for the past 30 days are at 3.25% for MC. The simple moving average for the last 20 days is 2.73% for MC’s stock, with a simple moving average of 19.03% for the last 200 days.
Is It Worth Investing in Moelis & Co (NYSE: MC) Right Now?
Moelis & Co (NYSE: MC) has a price-to-earnings ratio of 419.29x that is above its average ratio. Additionally, the 36-month beta value for MC is 1.33. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
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The public float for MC is 70.06M and currently, short sellers hold a 6.94% ratio of that float. The average trading volume of MC on August 23, 2024 was 589.02K shares.
MC) stock’s latest price update
The stock price of Moelis & Co (NYSE: MC) has jumped by 2.16 compared to previous close of 64.03. Despite this, the company has seen a gain of 1.96% in its stock price over the last five trading days. zacks.com reported 2024-07-25 that Moelis & Company’s (PB) second-quarter earnings beat estimates on the back of higher revenues and other income, given higher transaction completions. However, higher operating expenses hurt.
Analysts’ Opinion of MC
Many brokerage firms have already submitted their reports for MC stocks, with Goldman repeating the rating for MC by listing it as a “Neutral.” The predicted price for MC in the upcoming period, according to Goldman is $58 based on the research report published on March 13, 2024 of the current year 2024.
Keefe Bruyette, on the other hand, stated in their research note that they expect to see MC reach a price target of $56. The rating they have provided for MC stocks is “Mkt Perform” according to the report published on January 29th, 2024.
Goldman gave a rating of “Sell” to MC, setting the target price at $37 in the report published on January 11th of the previous year.
MC Trading at 8.61% from the 50-Day Moving Average
After a stumble in the market that brought MC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.56% of loss for the given period.
Volatility was left at 3.25%, however, over the last 30 days, the volatility rate increased by 2.19%, as shares sank -2.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.04% upper at present.
During the last 5 trading sessions, MC rose by +1.96%, which changed the moving average for the period of 200-days by +50.85% in comparison to the 20-day moving average, which settled at $63.60. In addition, Moelis & Co saw 16.53% 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 MC starting from Shropshire Kenneth, who sale 495 shares at the price of $69.29 back on Jul 31 ’24. After this action, Shropshire Kenneth now owns 9,372 shares of Moelis & Co, valued at $34,299 using the latest closing price.
Pilcher Ciafone Katherine, the Chief Operating Officer of Moelis & Co, sale 3,666 shares at $68.88 during a trade that took place back on Jul 30 ’24, which means that Pilcher Ciafone Katherine is holding 0 shares at $252,514 based on the most recent closing price.
Stock Fundamentals for MC
Current profitability levels for the company are sitting at:
- -0.0 for the present operating margin
- 0.18 for the gross margin
The net margin for Moelis & Co stands at 0.01. The total capital return value is set at -0.0. Equity return is now at value 3.57, with 1.29 for asset returns.
Based on Moelis & Co (MC), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 17.62. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is -1.9.
Currently, EBITDA for the company is -32.03 million with net debt to EBITDA at 3.58. When we switch over and look at the enterprise to sales, we see a ratio of 4.81. The receivables turnover for the company is 13.0for trailing twelve months and the total asset turnover is 0.92.
Conclusion
In conclusion, Moelis & Co (MC) has seen better 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
