Mister Car Wash Inc (NYSE:MCW) shares, rose in value, with the stock price down by -1.15% to the previous day’s close as strong demand from buyers drove the stock to $6.89.
Actively observing the price movement in the last trading, the stock closed the session at $6.97. The PE ratio was 28.23 over 12-month period. Referring to stock’s 52-week performance, its high was $10.07, and the low was $4.80. On the whole, MCW has fluctuated by -8.62% over the past month.
As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.08, which is expected to increase to $0.09 for fiscal year $0.32 and then to about $0.39 by fiscal year 2025.
Analysts have estimated the company’s revenue for the quarter at $243.48 million, with a low estimate of $239.8 million and a high estimate of $250.4 million. According to the average forecast, sales growth in current quarter could jump up 5.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $1 billion, representing an increase of 8.10% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that MCW’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 4.70, with the price of MCW currently trading nearly -7.92% and -15.04% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.90, while the 7-day volatility ratio is showing 4.61% which for the 30-day chart, stands at 3.93%. Furthermore, Mister Car Wash Inc (MCW)’s beta value is 1.66, and its average true range (ATR) is 0.31.
A comparison of Mister Car Wash Inc (MCW) with its peers suggests the former has fared considerably weaker in the market. MCW showed an intraday change of -1.15% in last session, and over the past year, it shrunk by -17.09%%.
Data on historical trading for Mister Car Wash Inc (NYSE:MCW) indicates that the trading volumes over the past 10 days have averaged 1.29 million and over the past 3 months, they’ve averaged 1.34 million. According to company’s latest data on outstanding shares, there are 315.19 million shares outstanding.
Nearly 71.37% of Mister Car Wash Inc’s shares belong to company insiders and institutional investors own 36.33% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.94 million shares as on Mar 15, 2024, resulting in a short ratio of 8.13. According to the data, the short interest in Mister Car Wash Inc (MCW) stood at 3.79% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 12.08 million. The stock has fallen by -20.25% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MCW stock heading into the next quarter.
