Look For Institutional Buying In Mister Car Wash Inc (NYSE: MCW)

Mister Car Wash Inc (MCW) concluded trading on Thursday at a closing price of $7.51, with 4.6 million shares of worth about $34.56 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 7.59% during that period and on October 31, 2024 the price saw a gain of about 12.93%. Currently the company’s common shares owned by public are about 315.19M shares, out of which, 94.96M shares are available for trading.

Stock saw a price change of 17.34% in past 5 days and over the past one month there was a price change of 17.71%. Year-to-date (YTD), MCW shares are showing a performance of -13.08% which increased to 44.42% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.80 but also hit the highest price of $9.45 during that period. The average intraday trading volume for Mister Car Wash Inc shares is 1.51 million. The stock is currently trading 15.62% above its 20-day simple moving average (SMA20), while that difference is up 15.86% for SMA50 and it goes to 4.47% higher than SMA200.

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Mister Car Wash Inc (NYSE: MCW) currently have 315.19M outstanding shares and institutions hold larger chunk of about 36.14% of that.

The stock has a current market capitalization of $2.42B and its 3Y-monthly beta is at 1.65. PE ratio of stock for trailing 12 months is 34.98, while it has posted earnings per share of $0.21 in the same period. Its PEG reads 2.59 and has Quick Ratio of 0.25 while making debt-to-equity ratio of 1.90. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MCW, volatility over the week remained 3.28% while standing at 2.56% over the month.

Stock’s fiscal year EPS is expected to rise by 9.61% while it is estimated to increase by 11.74% in next year. EPS is likely to shrink at an annualized rate of 13.52% for next 5-years, compared to annual growth of 197.89% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on May 03, 2024 offering an Overweight rating for the stock and assigned a target price of $8.50 to it. Coverage by Mizuho stated Mister Car Wash Inc (MCW) stock as a Buy in their note to investors on March 19, 2024, suggesting a price target of $11 for the stock. On February 16, 2024, JP Morgan Initiated their recommendations, while on January 10, 2024, Wells Fargo Initiated their ratings for the stock with a price target of $11. Stock get an Outperform rating from Robert W. Baird on October 13, 2023.

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