In recent trading session, Mimecast Limited (NASDAQ:MIME) saw 3.05 million shares changing hands at last check today with its beta currently measuring 1.45. Company’s recent per share price level of $80.33 trading at $1.14 or 1.45% at last check today assigns it a market valuation of $5.28B. That most recent trading price of MIME’s stock is at a discount of -6.41% from its 52-week high price of $85.48 and is indicating a premium of 51.65% from its 52-week low price of $38.84. Taking a look at company’s average trading volume of 1.67 million if we extend that period to 3-months.
For Mimecast Limited (MIME), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.60. Splitting up the data highlights that, out of 12 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 8 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.35 in the current quarter.
Mimecast Limited (NASDAQ:MIME) trade information
Upright in the green today for gaining 1.45%, in the last five days MIME remained trading in the green while hitting it’s week-highest on Thursday, 01/13/22 when the stock touched $80.33 price level, adding 0.4% to its value on the day. Mimecast Limited’s shares saw a change of -0.48% in year-to-date performance and have moved 0.05% in past 5-day. Mimecast Limited (NASDAQ:MIME) showed a performance of -0.06% in past 30-days.
Wall Street analysts have assigned a consensus price target of $82.83 to the stock, which implies a rise of 3.02% to its recent value today. Analysts have been projecting $80.00 as a low price target for the stock while placing it at a high target of $90.00. It follows that stock’s current price would drop -12.04% in reaching the projected high whereas dropping to the targeted low would mean a gain of 0.41% for stock’s current value.
Mimecast Limited (MIME) estimates and forecasts
Statistics highlight that Mimecast Limited is scoring comparatively higher than the scores of other players of the relevant industry. The company added 46.92% of value to its shares in past 6 months, showing an annual growth rate of 21.93% while that of industry is -1.60. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 6.10% in the current quarter and calculating 10.70% increase in the next quarter. This year revenue growth is estimated to rise 18.20% from the last financial year’s standing.
14 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $150.18 million for the same. And 13 analysts are in estimates of company making revenue of $152.79 million in the next quarter that will end on Mar 2022.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 50.40% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 21.10% while estimates for its earnings growth in next 5 years are of 16.50%.
Mimecast Limited is more likely to be releasing its next quarterly report between February 01 and February 07 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Mimecast Limited (NASDAQ:MIME)’s Major holders
Insiders are in possession of 6.47% of company’s total shares while institution are holding 89.44 percent of that, with stock having share float percentage of 95.62%. Investors also watch the number of corporate investors in a company very closely, which is 89.44% institutions for Mimecast Limited that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at MIME for having 7.92 million shares of worth $503.69 million. And as of Sep 29, 2021, it was holding 11.93% of the company’s outstanding shares.
The second largest institutional holder is Wellington Management Group, LLP, which was holding about 3.0 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 4.52% of outstanding shares, having a total worth of $190.67 million.
On the other hand, First Trust NASDAQ Cybersecurity ETF and iShares Core S&P Midcap ETF are the top two Mutual Funds which own company’s shares. As of Oct 30, 2021, the former fund manager was holding 2.23 million shares of worth $168.36 million or 3.36% of the total outstanding shares. The later fund manager was in possession of 1.65 million shares on Oct 30, 2021, making its stake of worth around $124.39 million in the company or a holder of 2.48% of company’s stock.