Mister Car Wash Inc. (NYSE:MCW) price on Friday, November 19, fall -3.53% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $16.95.
A look at the stock’s price movement, the close in the last trading session was $17.57, moving within a range at $16.87 and $17.50. Turning to its 52-week performance, $24.49 and $16.51 were the 52-week high and 52-week low respectively. Overall, MCW moved -6.25% over the past month.
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Mister Car Wash Inc.’s market cap currently stands at around $5.19 billion, with investors looking forward to this quarter’s earnings report slated for Nov 11, 2021. Analysts project the company’s earnings per share (EPS) to be $0.08, which has seen fiscal year 2021 EPS growth forecast to increase to $0.42 and about $0.46 for fiscal year 2022.
Analysts have a consensus estimate of $188.18 million for the company’s revenue for the quarter, with a low and high estimate of $186.2 million and $189.04 million respectively.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was 1 upward and no downward review(s).
8 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 4 recommend MCW as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
MCW’s current price about -7.76% and -6.35% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 35.10, while 7-day volatility ratio is 4.44% and 3.79% in the 30-day chart. Further, Mister Car Wash Inc. (MCW) has a beta value of 0, and an average true range (ATR) of 0.72. Analysts have given the company’s stock an average 52-week price target of $23.50, forecast between a low of $20.00 and high of $31.00. Looking at the price targets, the low is -17.99% off current price level while to achieve the yearly target high, price needs to move -82.89%. Nonetheless, investors will most likely welcome a -35.69% jump to $23.00 which is the analysts’ median price.
In the market, a comparison of Mister Car Wash Inc. (MCW) and its peers suggest the former has performed considerably weaker. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.14% and -0.75% respectively in the last trading.
If we refocus on Mister Car Wash Inc. (NYSE:MCW), historical trading data shows that trading volumes averaged 920.48K over the past 3 months. The company’s latest data on shares outstanding shows there are 264.27 million shares.
The 1.40% of Mister Car Wash Inc.’s shares are in the hands of company insiders while institutional holders own 94.00% of the company’s shares. Current price change has pushed the stock -16.50% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MCW stock continues to rise going into the next quarter.