Moelis & Company (NYSE:MC) went up by 1.95% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the Capital Markets giant went up by $29.79 to trade ended Wednesday trading at $29.22. This is up from the $29.22 price recorded on Tuesday’s trading session. Thanks to this latest performance, MC is closer to the higher price 52-week target of $40.00 and further from the lowest price target of $22.00. Its performance from the start of the year has also been negative, with MC down by -4.79% year-to-date.
Moelis & Company (MC) started the day trading at $29.29 and recorded an intraday high of $29.865. It also recorded an intraday low of $28.7502 during Wednesday’s trading session. Moelis & Company is a very active stock that recorded a trading volume that is more than 27.15% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 958410, which is more than 27.15 of the total average daily trading volume of 698.23K.
Moelis & Company (NYSE:MC) 2020 Performance Impressive
The increase in MC’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of MC currently stands at $40.45, which is higher than the current trading price of the stock by 26.35%. However, MC’s current trading price is -34.74% lower than the 52-week low price of $22.11. In terms of trading volume, Moelis & Company currently experienced healthy participation during the last trading session. 958410 shares of Moelis & Company were traded on the stock exchange on Wednesday, which is more than 27.15% of the 698.23K average trading volume of the stock.
The performance of the stock has been positive over the past year. MC’s performance over the past one year has seen it plunge by -10.14%, while the stock has gone down by -4.91% in the last six months. The quarterly performance of MC currently stands at 1.85%, and it is down by -20.83% in the last month. The only negative figure was from the weekly performance, which currently reads -4.40%. At the time of writing MC’s report, the company has a total market cap of $1.90B, making it one of the largest publicly-traded companies in the world.Moelis & Company also has over 879 employees all over the world.
MC Insider Activities
For Moelis & Company, insiders hold 94.60% of all company shares. The insider transactions over the past six months are up by 9.50%. During that period, insiders bought 571,794 shares in 33 transactions. In that same period, insiders sold 416,552 of their shares in 30 transactions. After these transactions, insiders at Moelis & Company now hold 1.47M shares, which is over 88.78% of the total company stocks. Institutional investors currently hold a large chunk of the MC shares, as they control 2.75% of the company’s total stock.
MC Fundamental Analysis
For Moelis & Company, the stock’s diluted earnings per share (EPS) stands at 2.09. In the coming year, analysts expect the EPS to be 1.93. The EPS growth will slow down over the next five years to -4.70% after surging by 64.40% in the previous five years. In terms of revenue, Moelis & Company’s quarterly sales (YOY) is growing at 0.09, which is lower than the average annual revenue of 64.40% over the past half a decade.
The Return on Investment (ROI) on Moelis & Company’s stock currently stands at 23.20%, and it has a net profit margin of 15.30%. The operating margin of the company is 17.00%.
MC Analysts Prediction
In July 07, 2020, several analysts reiterated their positions on the Moelis & Company stock and predicted its performance to their investors. The analysts at JP Morgan believe MC is still a Underweight and set the price target between $20 and $26. Keefe Bruyette reiterate their Outperform position on the stock ($34 and $39) and Keefe Bruyette reiterate their Mkt Perform position on the stock ($42 and $39).
Goldman and BofA/Merrill also believe that Moelis & Company’s stock is outperforming at the moment.
MC Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of MC currently stands at -10.54%, while the SMA50 is -6.95%. The biggest one is the SMA200, which is currently reading -6.78% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 38.86, while its price to earnings ratio (P/E) is 14.25.