With 0.85 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.24 million shares. During the session, the Insurance – Property & Casualty company that operates in wider Financial sector, reached to the highest price of $60.705 whereas the lowest price it dropped to was $58.8861. The 52-week range on MCY shows that it touched its highest point at $67.11 and its lowest point at $27.27 during that stretch. It currently has a 1-year price target of $80.00. With its current market cap of 3.32 billion, MCY has annualized dividend of $1.27 while the current yield stands at 2.11%. Beta for the stock currently stands at 0.84.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MCY was up-trending over the past week, with a rise of 2.81%, but this was down by -1.73% over a month. Three-month performance surged to 14.49% while six-month performance rose 22.80%. The stock gained 112.64% in the past year, while it has gained 60.95% so far this year. A look at the trailing 12-month EPS for MCY yields 5.76 with Next year EPS estimates of 6.50. For the next quarter, that number is 1.63. This implies an EPS growth rate of 1567.37% for this year and 29.96% for next year.
Float and Shares Shorts:
At present, 55.37 million MCY shares are outstanding with a float of 26.55 million shares on hand for trading. On 2024-08-30, short shares totaled 0.54 million, which was 97.0 higher than short shares on 1722384000. In addition to Mr. George Victor Joseph as the firm’s Executive Chairman of the Board, Mr. Gabriel Tirador serves as its CEO & Director.
Institutional Ownership:
Through their ownership of 0.43716 of MCY’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MCY since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
