The stock price of Manitex International Inc (NASDAQ: MNTX) has surged by 0.27 when compared to previous closing price of 5.62, but the company has seen a 47.90% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-09-16 that NEW ORLEANS–(BUSINESS WIRE)–Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Manitex International, Inc. (NasdaqCM: MNTX) to Tadano Ltd. Under the terms of the proposed transaction, shareholders of Manitex will receive $5.80 in cash for each share of Manitex that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the.
Is It Worth Investing in Manitex International Inc (NASDAQ: MNTX) Right Now?
Manitex International Inc (NASDAQ: MNTX) has a price-to-earnings ratio that is above its average at 10.73x. The stock has a 36-month beta value of 0.71. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for MNTX is 14.78M, and at present, short sellers hold a 0.37% of that float. On September 18, 2024, the average trading volume of MNTX was 209.70K shares.
MNTX’s Market Performance
MNTX stock saw an increase of 47.90% in the past week, with a monthly gain of 47.90% and a quarterly increase of 20.15%. The volatility ratio for the week is 0.87%, and the volatility levels for the last 30 days are 4.25% for Manitex International Inc (MNTX). The simple moving average for the last 20 days is 29.76% for MNTX stock, with a simple moving average of -7.39% for the last 200 days.
Analysts’ Opinion of MNTX
Northland Capital, on the other hand, stated in their research note that they expect to see MNTX reach a price target of $10. The rating they have provided for MNTX stocks is “Outperform” according to the report published on August 14th, 2023.
MNTX Trading at 27.21% from the 50-Day Moving Average
After a stumble in the market that brought MNTX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -38.48% of loss for the given period.
Volatility was left at 4.25%, however, over the last 30 days, the volatility rate increased by 0.87%, as shares surge +36.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +42.17% upper at present.
During the last 5 trading sessions, MNTX rose by +47.77%, which changed the moving average for the period of 200-days by -16.22% in comparison to the 20-day moving average, which settled at $4.42. In addition, Manitex International Inc saw -35.53% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MNTX
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.22 for the gross margin
The net margin for Manitex International Inc stands at 0.04. The total capital return value is set at 0.12. Equity return is now at value 15.97, with 4.20 for asset returns.
Based on Manitex International Inc (MNTX), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 1.22. The interest coverage ratio of the stock is 2.52.
Currently, EBITDA for the company is 27.2 million with net debt to EBITDA at 3.18. When we switch over and look at the enterprise to sales, we see a ratio of 0.69. The receivables turnover for the company is 5.61for trailing twelve months and the total asset turnover is 1.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.55.
Conclusion
To sum up, Manitex International Inc (MNTX) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
