The stock of ManTech International Corporation (NASDAQ:MANT) is now priced at $68.49 and the shares are 0.28 points up or 0.41% higher compared to its previous closing price of $68.21. The stock had 221050 contracts set over the past session. MANT shares’ daily volume is compared to its average trading volume at 220559 shares. However, it has a float of 26.9 million and although its performance was 1.27% over the week, it’s one to watch. Analysts have given the MANT stock a yearly average price target of $83.75 per share. It means the stock’s upside potential is 22.28% with the MANT share price recently placing at $68 to $69.2. However, some brokerage firms have priced the stock below the average, including one that has called $65.
The shorts are climbing into the ManTech International Corporation stock, with the latest data on short interest released on June 15, 2020, showing that short interest numbers in the MANT shares have risen. Short interest in the stock represents just 2.53% of its float, but the volume has raised by 128505. The volume of shorted shares rised to 681121 from 552616 shares over the last two weeks. The average intraday trading volume has been 0.174 million shares, which means that days to cover moved to roughly 3.925046.
In the last trading session, ManTech International Corporation (NASDAQ:MANT) raised by $0.86 over the week and lost -$6.39 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $93.99. The stock recorded its established 52-week high on 02/20/20.
Since 03/23/20, the stock has traded to a low of $55.25 at 23.97%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 0.75. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, ManTech International Corporation’s two-week RSI is 43.81. This suggests that the stock is neutral at the moment and that MANT shares’ price movement remains stable. The stochastic readings are equally revealing at 31.67% meaning the MANT share price is currently in neutral territory.
The technical chart shows that the MANT stock will likely settle at between $69.13 and $69.76 per share. However, if the stock dips below $67.93, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $67.36.
Currently, the stock is trading in the green of MACD, with a reading of 0.01. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Wells Fargo raised their recommendation for MANT from Equal Weight to Overweight in May 19 review while maintain their target price of $83. William Blair analysts see the stock as a Outperform with a target price of $ in a flash note released to investors on March 31 initiating covering the stock. Wells Fargo seeing the improvements upgraded the stock from Underweight to Equal Weight on March 03, placing it at $81.
The average rating for the MANT equity is 2.56 and is currently gathering a bullish momentum. Of 9 analysts tracking ManTech International Corporation polled by Reuters, 4 rated MANT as a hold. The remaining 5 analysts were split evenly. However, the split wasn’t equal as a majority (4) rated it as a buy or strong buy. 1 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the MANT stock price is 20.8X ahead of its 12-month Consensus earnings per share estimates.
Zacks Consensus Estimate forecasts that the current-quarter revenues for ManTech International Corporation (NASDAQ:MANT) will decrease by about -99.91%, which will see them reach $569.69 million. The company’s full-year revenues are, however, expected to increase by about 8.56%, up from $2220 million to $2410 million. MANT’s expected adjusted earnings should surge almost 8.33% to end up at $0.65 per share, while for the fiscal year, analysts project the company’s earnings to grow by about 16.99% to record $3.03/share.