Reviewing The Case For Mister Car Wash Inc (MCW) Going Higher

Currently, there are 315.19M common shares owned by the public and among those 93.21M shares have been available to trade.

The company’s stock has a 5-day price change of -1.99% and -10.24% over the past three months. MCW shares are trading -25.93% year to date (YTD), with the 12-month market performance down to -2.44% lower. It has a 12-month low price of $4.80 and touched a high of $9.45 over the same period. MCW has an average intraday trading volume of 2.13 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -8.66%, -8.97%, and -14.52% respectively.

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Institutional ownership of Mister Car Wash Inc (NYSE: MCW) shares accounts for 37.14% of the company’s 315.19M shares outstanding.

It has a market capitalization of $2.06B and a beta (3y monthly) value of 1.67. The stock’s trailing 12-month PE ratio is 29.81, while the earnings-per-share (ttm) stands at $0.21. The company has a PEG of 4.97 and a Quick Ratio of 0.25 with the debt-to-equity ratio at 1.90. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.14% over the week and 4.59% over the month.

Earnings per share for the fiscal year are expected to increase by 4.87%, and 14.57% over the next financial year. EPS should shrink at an annualized rate of 6.00% over the next five years, compared to 197.89% over the past 5-year period.

Looking at the support for the MCW, a number of firms have released research notes about the stock. JP Morgan stated their Overweight rating for the stock in a research note on May 03, 2024, with the firm’s price target at $8.50. Mizuho coverage for the Mister Car Wash Inc (MCW) stock in a research note released on March 19, 2024 offered a Buy rating with a price target of $11. JP Morgan was of a view on February 16, 2024 that the stock is Neutral, while Wells Fargo gave the stock Overweight rating on January 10, 2024, issuing a price target of $11. Robert W. Baird on their part issued Outperform rating on October 13, 2023.

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