In the last trading session, 1.4 million Mister Car Wash Inc (NYSE:MCW) shares changed hands as the company’s beta touched 1.64. With the company’s per share price at $7.44 changed hands at $0.02 or 0.27% during last session, the market valuation stood at $2.34B. MCW’s last price was a discount, traded about -45.03% off its 52-week high of $10.79. The share price had its 52-week low at $4.80, which suggests the last value was 35.48% up since then. When we look at Mister Car Wash Inc’s average trading volume, we note the 10-day average is 1.76 million shares, with the 3-month average coming to 1.67 million.
Analysts gave the Mister Car Wash Inc (MCW) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 1.92. If we narrow down to specifics, the data shows that 1 out of 12 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 3 recommended MCW as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. Mister Car Wash Inc’s EPS for the current quarter is expected to be $0.06.
Mister Car Wash Inc (NYSE:MCW) trade information
Instantly MCW was in green as seen at the end of in last trading. With action 13.41%, the performance over the past five days has been green. The jump to weekly highs of 7.53 on Monday, 11/20/23 added 0.27% to the stock’s daily price. The company’s shares are showing year-to-date downside of -19.39%, with the 5-day performance at 13.41% in the green. However, in the 30-day time frame, Mister Car Wash Inc (NYSE:MCW) is 29.84% up. Looking at the short shares, we see there were 11.61 million shares sold at short interest cover period of 6.35 days.
The consensus price target for the stock as assigned by Wall Street analysts is $8.95, meaning bulls need an upside of 16.87% from its current market value. According to analyst projections, MCW’s forecast low is $5.00 with $13.00 as the target high. To hit the forecast high, the stock’s price needs a -74.73% plunge from its current level, while the stock would need to tank 32.8% for it to hit the projected low.
Mister Car Wash Inc (MCW) estimates and forecasts
Data shows that the Mister Car Wash Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -11.32% over the past 6 months, a -22.50% in annual growth rate that is considerably lower than the industry average of -10.50%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Mister Car Wash Inc will fall -25.00%, while the growth in revenue is estimated to hit 12.50% for the next quarter. Year-over-year growth is forecast to reach 5.70% up from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of $230.03 million. 9 analysts are of the opinion that Mister Car Wash Inc’s revenue for the quarter ending Mar 2024 will be $247.49 million. The company’s revenue for the corresponding quarters a year ago was $214.35 million and $230.09 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 7.30%. The estimates for the next quarter sales put growth at 7.60%.
The 2023 estimates are for Mister Car Wash Inc earnings to decrease by -22.36%, but the outlook for the next 5-year period is at 6.00% per year.
Mister Car Wash Inc is expected to release its next quarterly earnings report on November 02.