Piper Sandler has recently initiated Manhattan Associates Inc (MANH) stock to Overweight rating, as announced on November 25, 2024, according to Finviz. Earlier, on April 25, 2024, DA Davidson had raised the stock from a Neutral to Buy, setting a price target of $240 for MANH stock. Citigroup also initiated Neutral rating with a price target of $260. Additionally, Rosenblatt reduced Neutral rating on April 11, 2023, with a target price of $150. DA Davidson analysts, in their report published on February 22, 2023, also initiated Neutral rating and set a price target of $145 for Manhattan Associates Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Manhattan Associates Inc (MANH) Stock Trading Recap
On Monday, Manhattan Associates Inc (MANH) stock saw a decline, ending the day at $177.7 which represents a decrease of $-23.20 or -11.55% from the prior close of $200.9. The stock opened at $198.14 and touched a low of $177.12 during the day, reaching a high of $198.65. The volume of shares traded was 2.84 million exceeding the average volume of 0.48 million.
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MANH Stock Performance and Moving Averages
In recent trading, Manhattan Associates Inc (MANH) stock price has shown some volatility, fluctuating -11.27% over the last five trades and -34.79% 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 -28.37%, and it has plunged by -36.77% in the previous three months. Currently, MANH is trading at -27.49%, -34.08%, and -30.72% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, MANH, a Technology sector stock, is trading -43.15% below its 52-week high but remains -9.36% above its 52-week low. The Average True Range (ATR) (14 days) of 11.59 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.
Manhattan Associates Inc’s Profitability and Valuation Ratios
Manhattan Associates Inc’s profitability metrics reveal financial health. The company currently boasts an operating margin of 25.10% and a profit margin of 20.95%, with a gross margin of -28.37%. 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, Manhattan Associates Inc’s market capitalization stands at $10.85 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 50.56, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 35. Additionally, the Price-to-Sales Ratio is 10.41, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 36.19, 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 1.65% of Manhattan Associates Inc (MANH)’s shares, while financial institutions hold 100.02%.
Notable insider trades include Richards Bruce, SVP, CLO & Secretary at Manhattan Associates Inc (MANH), who sold 4150 shares on Nov 29 ’24, at $289.73 each, totaling $1.20 million. On Nov 26 ’24, Gantt James Stewart, EVP, Professional Services, sold 3475 shares for $288.1 each, amounting to $1.00 million. Additionally, on Nov 06 ’24, Eger Edmond sold 2675 shares at $282.06 each, generating $0.75 million.
