In last trading session, Moelis & Co (NYSE:MC) saw 0.71 million shares changing hands with its beta currently measuring 1.32. Company’s recent per share price level of $68.08 trading at $1.26 or 1.89% at ring of the bell on the day assigns it a market valuation of $4.79B. That closing price of MC’s stock is at a discount of -0.62% from its 52-week high price of $68.50 and is indicating a premium of 43.33% from its 52-week low price of $38.58. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.79 million shares which gives us an average trading volume of 571.52K if we extend that period to 3-months.
For Moelis & Co (MC), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3.75. Splitting up the data highlights that, out of 9 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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Moelis & Co (NYSE:MC) trade information
Upright in the green during last session for gaining 1.89%, in the last five days MC remained trading in the green while hitting it’s week-highest on Friday, 07/26/24 when the stock touched $68.08 price level, adding 0.42% to its value on the day. Moelis & Co’s shares saw a change of 21.29% in year-to-date performance and have moved 5.81% in past 5-day. Moelis & Co (NYSE:MC) showed a performance of 27.71% in past 30-days. Number of shares sold short was 5.27 million shares which calculate 8.97 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 45 to the stock, which implies a fall of -51.29% to its current value. Analysts have been projecting 30 as a low price target for the stock while placing it at a high target of 58. It follows that stock’s current price would jump 55.93% in reaching the projected high whereas dropping to the targeted low would mean a gain of 55.93% for stock’s current value.
Moelis & Co (MC) estimates and forecasts
Statistics highlight that Moelis & Co is scoring comparatively higher than the scores of other players of the relevant industry. The company added 22.34% of value to its shares in past 6 months, showing an annual growth rate of 615.00% while that of industry is 22.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
In 2024, company’s earnings growth rate is likely to be around 628.74% while estimates for its earnings growth in next 5 years are of -4.70%.
MC Dividends
With an annual yield of 3.53%, the share has a forward dividend of 2.40 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 4.88%.
Moelis & Co (NYSE:MC)’s Major holders
Insiders are in possession of 0.40% of company’s total shares while institution are holding 105.02 percent of that, with stock having share float percentage of 105.45%. Investors also watch the number of corporate investors in a company very closely, which is 105.02% institutions for Moelis & Co that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at MC for having 7.98 million shares of worth $452.9 million. And as of 2024-03-31, it was holding 11.6462 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 7.77 million shares on 2024-03-31. The number of shares represents firm’s hold over 11.3428 of outstanding shares, having a total worth of $441.1 million.
