The price-to-earnings ratio for Moelis & Co (NYSE: MC) is above average at 405.04x. The 36-month beta value for MC is also noteworthy at 1.34. 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.”
The public float for MC is 70.12M, and at present, short sellers hold a 6.35% of that float. The average trading volume of MC on September 12, 2024 was 647.38K shares.
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MC) stock’s latest price update
Moelis & Co (NYSE: MC) has experienced a rise in its stock price by 0.79 compared to its previous closing price of 62.69. However, the company has seen a fall of -3.22% 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.
MC’s Market Performance
Moelis & Co (MC) has seen a -3.22% fall in stock performance for the week, with a 1.82% gain in the past month and a 19.33% surge in the past quarter. The volatility ratio for the week is 3.34%, and the volatility levels for the past 30 days are at 2.54% for MC. The simple moving average for the past 20 days is -2.94% for MC’s stock, with a 11.83% simple moving average for the past 200 days.
Analysts’ Opinion of MC
Goldman, on the other hand, stated in their research note that they expect to see MC reach a price target of $58, previously predicting the price at $53. The rating they have provided for MC stocks is “Neutral” according to the report published on March 13th, 2024.
Keefe Bruyette gave a rating of “Mkt Perform” to MC, setting the target price at $56 in the report published on January 29th of the current year.
MC Trading at -0.62% 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 -9.73% of loss for the given period.
Volatility was left at 2.54%, however, over the last 30 days, the volatility rate increased by 3.34%, as shares surge +1.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.62% upper at present.
During the last 5 trading sessions, MC fell by -3.02%, which changed the moving average for the period of 200-days by +40.80% in comparison to the 20-day moving average, which settled at $65.13. In addition, Moelis & Co saw 12.57% 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 -0.01. 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 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.97. The debt to equity ratio resting at 0.62. 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 4.66. The receivables turnover for the company is 13.0for trailing twelve months and the total asset turnover is 0.92.
Conclusion
In summary, Moelis & Co (MC) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
