With 0.65 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.72 million shares. The 52-week range on MCY shows that it touched its highest point at $80.72 and its lowest point at $44.19 during that stretch. It currently has a 1-year price target of $80.00. With its current market cap of 2.89 billion, MCY has annualized dividend of $1.27 while the current yield stands at 2.43%. Beta for the stock currently stands at 0.85.
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 down-trending over the past week, with a drop of -7.66%, but this was up by 9.52% over a month. Three-month performance dropped to -29.27% while six-month performance fell -13.14%. The stock gained 2.88% in the past year, while it has lost -21.44% so far this year. A look at the trailing 12-month EPS for MCY yields 8.45 with Next year EPS estimates of 5.88. For the next quarter, that number is -4.00. This implies an EPS growth rate of -79.80% for this year and 304.70% for next year.
Float and Shares Shorts:
At present, 55.39 million MCY shares are outstanding with a float of 26.56 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MCY since 2 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 1 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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $5.52715 being high and $5.52715 being low. For MCY, this leads to a yearly average estimate of $5.52715. Based on analyst estimates, the high estimate for the next quarter is -$0.1 and the low estimate is -$0.1. The average estimate for the next quarter is thus -$0.1.
