Moelis & Co (NYSE:MC) shares, rose in value, with the stock price down by -1.01% to the previous day’s close as strong demand from buyers drove the stock to $49.75.
Actively observing the price movement in the last trading, the stock closed the session at $50.26. Referring to stock’s 52-week performance, its high was $58.67, and the low was $33.87. On the whole, MC has fluctuated by -13.46% over the past month.
The company’s Forward Dividend Ratio is 2.40, with its dividend yield at 4.82%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.08B, with a low estimate of 220M and a high estimate of 256M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 233.3M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MC’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold 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 0, with the price of MC currently trading nearly -7.80% and -8.13% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.31, while the 7-day volatility ratio is showing 4.66% which for the 30-day chart, stands at 2.86%. Furthermore, Moelis & Co (MC)’s beta value is 1.39, and its average true range (ATR) is 1.86.
A comparison of Moelis & Co (MC) with its peers suggests the former has fared considerably weaker in the market. MC showed an intraday change of -1.01% in last session, and over the past year, it grew by 22.54%%.
Data on historical trading for Moelis & Co (NYSE:MC) indicates that the trading volumes over the past 3 months, they’ve averaged 675.85K. According to company’s latest data on outstanding shares, there are 66.68 million shares outstanding.
Nearly 0.55% of Moelis & Co’s shares belong to company insiders and institutional investors own 108.43% of the company’s shares. The stock has fallen by -11.37% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MC stock heading into the next quarter.
