Its Stock Has Paid Off Big Time For Moelis & Co

With 0.77 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.59 million shares. The 52-week range on MC shows that it touched its highest point at $58.67 and its lowest point at $33.87 during that stretch. It currently has a 1-year price target of $50.17. With its current market cap of 3.65 billion, MC has annualized dividend of $2.40 while the current yield stands at 4.39%. Beta for the stock currently stands at 1.38.

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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 MC was down-trending over the past week, with a drop of -0.51%, but this was down by -2.50% over a month. Three-month performance surged to 27.87% while six-month performance rose 14.41%. The stock gained 11.59% in the past year, while it has lost -2.57% so far this year. A look at the trailing 12-month EPS for MC yields 0.01 with Next year EPS estimates of 2.72. For the next quarter, that number is 0.01. This implies an EPS growth rate of 770.74% for this year and 102.55% for next year. EPS is expected to decline by -4.70% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 22.34%.

Float and Shares Shorts:

At present, 66.66 million MC shares are outstanding with a float of 66.22 million shares on hand for trading. On Jan 11, 2024, short shares totaled 6.61 million, which was 9.91% higher than short shares on Dec 14, 2023. In addition to Mr. Kenneth David Moelis as the firm’s Founder, CEO & Chairman, Ms. Elizabeth Ann Crain serves as its Co-Founder, Founding Partner & Vice Chair.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MC 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 MC analysts setting a high price target of $56.00 and a low target of $32.00, the average target price over the next 12 months is $47.67. Based on these targets, MC could surge 2.4% to reach the target high and fall by -41.49% to reach the target low. Reaching the average price target will result in a decline of -12.84% from current levels.

Summary of Insider Activity:

Insiders traded MC stock several times over the past three months with 12 Buys and 3 Sells. In these transactions, 158 shares were bought while 93,063 shares were sold. The number of buy transactions has increased to 79 while that of sell transactions has risen to 32 over the past year. The total number of shares bought during that period was 501,658 while 596,479 shares were sold.