The stock of Moelis & Co (NYSE: MC) has decreased by -1.37 when compared to last closing price of 76.90. Despite this, the company has experienced a 3.37% gain in its stock price over the last five trading sessions. zacks.com reported 2024-10-24 that MC’s third-quarter 2024 results beat estimates on higher revenues and lower operating expenses. Also, a solid liquidity position is another positive.
Is It Worth Investing in Moelis & Co (NYSE: MC) Right Now?
The price-to-earnings ratio for Moelis & Co (NYSE: MC) is above average at 142.66x, Company’s 36-month beta value is 1.37.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 6 as “hold,” and 3 as “sell.”
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The public float for MC is 70.35M, and currently, short sellers hold a 4.02% ratio of that floaft. The average trading volume of MC on November 28, 2024 was 686.67K shares.
MC’s Market Performance
The stock of Moelis & Co (MC) has seen a 3.37% increase in the past week, with a 12.40% rise in the past month, and a 13.80% gain in the past quarter. The volatility ratio for the week is 2.60%, and the volatility levels for the past 30 days are at 3.03% for MC. The simple moving average for the last 20 days is 2.21% for MC stock, with a simple moving average of 24.23% for the last 200 days.
Analysts’ Opinion of MC
Many brokerage firms have already submitted their reports for MC stocks, with Wells Fargo repeating the rating for MC by listing it as a “Equal Weight.” The predicted price for MC in the upcoming period, according to Wells Fargo is $70 based on the research report published on September 12, 2024 of the current year 2024.
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 6.92% 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 -7.05% of loss for the given period.
Volatility was left at 3.03%, however, over the last 30 days, the volatility rate increased by 2.60%, as shares surge +13.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.04% upper at present.
During the last 5 trading sessions, MC rose by +3.37%, which changed the moving average for the period of 200-days by +41.43% in comparison to the 20-day moving average, which settled at $74.21. In addition, Moelis & Co saw 35.13% 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 Callesano Christopher, who sale 885 shares at the price of $80.00 back on Nov 07 ’24. After this action, Callesano Christopher now owns 0 shares of Moelis & Co, valued at $70,800 using the latest closing price.
Shropshire Kenneth, the Director of Moelis & Co, sale 495 shares at $69.29 during a trade that took place back on Jul 31 ’24, which means that Shropshire Kenneth is holding 9,372 shares at $34,299 based on the most recent closing price.
Stock Fundamentals for MC
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.23 for the gross margin
The net margin for Moelis & Co stands at 0.04. The total capital return value is set at 0.05. Equity return is now at value 11.15, with 3.60 for asset returns.
Currently, EBITDA for the company is -32.03 million with net debt to EBITDA at 1.57. When we switch over and look at the enterprise to sales, we see a ratio of 5.58. The receivables turnover for the company is 11.03for trailing twelve months and the total asset turnover is 0.84.
Conclusion
In a nutshell, Moelis & Co (MC) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
