JP Morgan has recently raised Mister Car Wash Inc (MCW) stock to Overweight rating, as announced on May 3, 2024, according to Finviz. Earlier, on March 19, 2024, Mizuho had initiated the stock to Buy, setting a price target of $11. JP Morgan also initiated Neutral rating with a price target of $9.50. Additionally, Wells Fargo initiated Overweight rating on January 10, 2024, with a target price of $11. Robert W. Baird analysts, in their report published on October 13, 2023, also raised Outperform rating and set a price target of $10 for Mister Car Wash Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Mister Car Wash Inc (MCW) Stock Trading Recap
On Monday, Mister Car Wash Inc (MCW) stock saw a decline, ending the day at $6.51 which represents a decrease of $-0.18 or -2.69% from the prior close of $6.69. The stock opened at $6.61 and touched a low of $6.47 during the day, reaching a high of $6.68. The volume of shares traded was 0.90 million falling short of the average volume of 2.00 million.
MCW Stock Performance and Moving Averages
In recent trading, Mister Car Wash Inc (MCW) stock price has shown some volatility, fluctuating -2.25% over the last five trades and -0.46% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -11.91%, and it has plunged by -3.12% in the previous three months. Currently, MCW is trading at 1.29%, -2.92%, and -12.17% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, MCW, a Consumer Cyclical sector stock, is trading -31.11% below its 52-week high but remains 35.62% above its 52-week low. The Average True Range (ATR) (14 days) of 0.24 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Mister Car Wash Inc’s Profitability and Valuation Ratios
Mister Car Wash Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 19.38% and a profit margin of 7.37%, with a gross margin of -11.91%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Mister Car Wash Inc’s market capitalization stands at $2.10 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 30.32, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 16.94. Additionally, the Price-to-Sales Ratio is 2.19, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 2.2, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 70.49% of Mister Car Wash Inc (MCW)’s shares, while financial institutions hold 36.46%.
Notable insider trades include Matheny Joseph Duane, Chief Innovation Officer at Mister Car Wash Inc (MCW), who sold 56988 shares on Aug 27 ’24, at $6.67 each, totaling $0.38 million. On Jun 26 ’24, Lai John Lo-minn, Chief Executive Officer, sold 33904 shares for $6.93 each, amounting to $0.23 million. Additionally, on May 14 ’24, Matheny Joseph Duane sold 16416 shares at $8.01 each, generating $0.13 million.
