With 2.13 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.62 million shares. During the session, the Capital Markets company that operates in wider Financial sector, reached to the highest price of $80.61 whereas the lowest price it dropped to was $74.68. The 52-week range on MC shows that it touched its highest point at $72.80 and its lowest point at $40.88 during that stretch. It currently has a 1-year price target of $65.43. With its current market cap of 6.17 billion, MC has annualized dividend of $3.00 while the current yield stands at 3.73%. Beta for the stock currently stands at 1.35.
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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 MC was up-trending over the past week, with a rise of 20.35%, but this was up by 19.74% over a month. Three-month performance surged to 33.02% while six-month performance rose 52.07%. The stock gained 88.19% in the past year, while it has gained 43.40% so far this year. A look at the trailing 12-month EPS for MC yields 0.53 with Next year EPS estimates of 2.35. For the next quarter, that number is 0.39. This implies an EPS growth rate of 610.84% for this year and 129.89% for next year.
Float and Shares Shorts:
At present, 70.59 million MC shares are outstanding with a float of 70.34 million shares on hand for trading. On 2024-10-15, short shares totaled 3.47 million, which was 492.00001999999995 higher than short shares on 1726185600. In addition to Mr. Kenneth David Moelis as the firm’s Founder, CEO & Chairman, Mr. Eric Cantor serves as its Vice Chairman & MD.
Institutional Ownership:
Through their ownership of 1.05852 of MC’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, MC reported revenue of $273755000.0 and operating income of $15564000.0. The EBITDA in the recently reported quarter was $18366000.0 and diluted EPS was $0.22.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MC since 9 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MC analysts setting a high price target of 71.0 and a low target of 53.0, the average target price over the next 12 months is 64.29. Based on these targets, MC could drop -11.79% to reach the target high and fall by -34.15% to reach the target low. Reaching the average price target will result in a decline of -20.13% from current levels.
Analysts have provided yearly estimates in a range of $1.07434 being high and $0.95848 being low. For MC, this leads to a yearly average estimate of $1.02168. The surprise factor in the prior quarter was $0.1. Based on analyst estimates, the high estimate for the next quarter is $0.64 and the low estimate is $0.22. The average estimate for the next quarter is thus $0.46.
