The stock of Mister Car Wash Inc (NYSE:MCW) last traded at $6.38, down -0.31% from the previous session.
MCW stock price is now -9.15% away from the 50-day moving average and -14.86% away from the 200-day moving average. The market capitalization of the company currently stands at $2.05B.
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With the price target maintained at $8.50, JP Morgan recently Upgraded its rating from Neutral to Overweight for Mister Car Wash Inc (NYSE: MCW). On March 19, 2024, Mizuho recently initiated its ‘Buy’ rating on the stock quoting a target price of $11, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Matheny Joseph Duane, Chief Innovation Officer sold 900 shares of the company’s stock on Aug 01 ’24. The stock was sold for $7,200 at an average price of $8.00. Upon completion of the transaction, the Chief Innovation Officer now directly owns 81,206 shares in the company, valued at $0.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 05 ’24, Officer MAYRA CHIMIENTI bought 99,031 shares of the business’s stock. A total of $706,091 was incurred on buying the stock at an average price of $7.13. A total of 71.04% of the company’s stock is owned by insiders.
During the past 12 months, Mister Car Wash Inc has had a low of $4.80 and a high of $9.45. As of last week, the company has a debt-to-equity ratio of 1.90, a current ratio of 0.28, and a quick ratio of 0.25. According to the stock market information, the enterprise value for the company is $3853546240, which is based on a 29.72 price-to-earnings ratio, a 4.95 price-to-earnings-growth ratio, and a beta of 1.66. The fifty day moving average price for MCW is $7.0152 and a two-hundred day moving average price translates $7.5002 for the stock.
The latest earnings results from Mister Car Wash Inc (NYSE: MCW) was released for 2024-06-30. The net profit margin was 7.37% and return on equity was 7.78% for MCW. The company reported revenue of $255.04 million for the quarter, compared to $236.89 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.66 percent.
