Mister Car Wash Inc (NYSE: MCW) stock jumped 0.27% on Monday to $7.44 against a previous-day closing price of $7.42. With 1.4 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.67 million shares. During the session, the Personal Services company that operates in wider Consumer Cyclical sector, reached to the highest price of $7.53 whereas the lowest price it dropped to was $7.27. The 52-week range on MCW shows that it touched its highest point at $10.79 and its lowest point at $4.80 during that stretch. It currently has a 1-year price target of $8.95. Beta for the stock currently stands at 1.64.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MCW was up-trending over the past week, with a rise of 13.41%, but this was up by 29.84% over a month. Three-month performance surged to 11.71% while six-month performance fell -11.32%. The stock lost -21.68% in the past year, while it has lost -19.39% so far this year. A look at the trailing 12-month EPS for MCW yields 0.26 with Next year EPS estimates of 0.36. For the next quarter, that number is 0.07. This implies an EPS growth rate of -22.36% for this year and 16.05% for next year.
Float and Shares Shorts:
At present, 306.63 million MCW shares are outstanding with a float of 89.58 million shares on hand for trading. On Oct 30, 2023, short shares totaled 11.61 million, which was 3.70% higher than short shares on Sep 28, 2023. In addition to Mr. John Lai as the firm’s Chairperson, President & CEO, Mr. Jedidiah Marc Gold serves as its CFO & Treasurer.
Institutional Ownership:
Through their ownership of 103.62% of MCW’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 71.48% of MCW, in contrast to 18.95% held by mutual funds. Shares owned by individuals account for 15.18%. As the largest shareholder in MCW with 4.72% of the stake, Wasatch Advisors, Inc. holds 14,746,108 shares worth 14,746,108. A second-largest stockholder of MCW, Fidelity Investments Canada ULC, holds 12,500,000 shares, controlling over 4.00% of the firm’s shares. Brown Advisory LLC is the third largest shareholder in MCW, holding 11,829,233 shares or 3.79% stake. With a 1.95% stake in MCW, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 6,089,978 shares are owned by the mutual fund manager. The Fidelity Greater Canada Fund, which owns about 1.92% of MCW stock, is the second-largest Mutual Fund holder. It holds 6,000,000 shares valued at 31.2 million. Wasatch Core Growth Fund holds 1.26% of the stake in MCW, owning 3,941,226 shares worth 20.49 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MCW since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With MCW analysts setting a high price target of $13.00 and a low target of $5.00, the average target price over the next 12 months is $8.95. Based on these targets, MCW could surge 74.73% to reach the target high and fall by -32.8% to reach the target low. Reaching the average price target will result in a growth of 20.3% from current levels.
Summary of Insider Activity:
Insiders traded MCW stock several times over the past three months with 5 Buys and 5 Sells. In these transactions, 551,860 shares were bought while 551,860 shares were sold. The number of buy transactions has increased to 25 while that of sell transactions has risen to 25 over the past year. The total number of shares bought during that period was 2,574,542 while 2,415,497 shares were sold.
