The stock of MDU Resources Group Inc (MDU) has seen a -1.48% decrease in the past week, with a 7.47% gain in the past month, and a 9.02% flourish in the past quarter. The volatility ratio for the week is 1.57%, and the volatility levels for the past 30 days are at 2.26% for MDU. The simple moving average for the last 20 days is 2.88% for MDU stock, with a simple moving average of 14.92% for the last 200 days.
Is It Worth Investing in MDU Resources Group Inc (NYSE: MDU) Right Now?
MDU Resources Group Inc (NYSE: MDU) has a higher price-to-earnings ratio of 13.65x compared to its average ratio. MDU has 36-month beta value of 0.79. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for MDU is 198.14M, and currently, short sellers hold a 1.74% ratio of that float. The average trading volume of MDU on October 03, 2024 was 1.08M shares.
MDU) stock’s latest price update
MDU Resources Group Inc (NYSE: MDU)’s stock price has plunge by 0.37relation to previous closing price of 27.10. Nevertheless, the company has seen a -1.48% plunge in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-02 that BISMARCK, N.D. , Oct. 2, 2024 /PRNewswire/ — MDU Resources Group, Inc. (NYSE: MDU) announced today that its board of directors has approved the previously announced spinoff of the company’s wholly owned construction services subsidiary, Everus Construction Group, through a pro rata distribution of all the outstanding shares of Everus common stock.
Analysts’ Opinion of MDU
Many brokerage firms have already submitted their reports for MDU stocks, with Argus repeating the rating for MDU by listing it as a “Buy.” The predicted price for MDU in the upcoming period, according to Argus is $30 based on the research report published on May 20, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see MDU reach a price target of $22. The rating they have provided for MDU stocks is “Buy” according to the report published on June 01st, 2023.
BofA Securities gave a rating of “Underperform” to MDU, setting the target price at $26 in the report published on October 24th of the previous year.
MDU Trading at 5.29% from the 50-Day Moving Average
After a stumble in the market that brought MDU to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.58% of loss for the given period.
Volatility was left at 2.26%, however, over the last 30 days, the volatility rate increased by 1.57%, as shares surge +8.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.19% upper at present.
During the last 5 trading sessions, MDU fell by -1.48%, which changed the moving average for the period of 200-days by +37.10% in comparison to the 20-day moving average, which settled at $26.55. In addition, MDU Resources Group Inc saw 37.37% 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 MDU starting from Johnson Rob L., who purchase 36,291 shares at the price of $25.46 back on May 07 ’24. After this action, Johnson Rob L. now owns 41,934 shares of MDU Resources Group Inc, valued at $923,970 using the latest closing price.
Rosenthal Dale, the Director of MDU Resources Group Inc, purchase 375 shares at $22.55 during a trade that took place back on Mar 12 ’24, which means that Rosenthal Dale is holding 16,499 shares at $8,456 based on the most recent closing price.
Stock Fundamentals for MDU
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.16 for the gross margin
The net margin for MDU Resources Group Inc stands at 0.09. The total capital return value is set at 0.07. Equity return is now at value 14.34, with 5.25 for asset returns.
Based on MDU Resources Group Inc (MDU), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 0.8. The interest coverage ratio of the stock is 3.72.
Currently, EBITDA for the company is 639.6 million with net debt to EBITDA at 3.52. When we switch over and look at the enterprise to sales, we see a ratio of 1.8. The receivables turnover for the company is 4.74for trailing twelve months and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.21.
Conclusion
To put it simply, MDU Resources Group Inc (MDU) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others 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.
