Mister Car Wash Inc (NASDAQ:MCW) price on Friday, January 17, rose 0.99% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $7.12.
A look at the stock’s price movement, the close in the last trading session was $7.05, moving within a range at $7.005 and $7.16. The beta value (5-Year monthly) was 1.607 while the PE ratio in trailing twelve months stood at 31.89. Turning to its 52-week performance, $9.45 and $5.84 were the 52-week high and 52-week low respectively. Overall, MCW moved -4.69% over the past month.
Mister Car Wash Inc’s market cap currently stands at around $2.29 billion, with investors looking forward to this quarter’s earnings report slated for in February.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MCW is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend MCW as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 2.22, with MCW’s current price about -0.33% and -6.42% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.16, while 7-day volatility ratio is 2.68% and 2.98% in the 30-day chart. Further, Mister Car Wash Inc (MCW) has a beta value of 1.62, and an average true range (ATR) of 0.21. Analysts have given the company’s stock an average 52-week price target of $10, forecast between a low of $10 and high of $10. Looking at the price targets, the low is -40.45% off current price level while to achieve the yearly target high, price needs to move -40.45%. Nonetheless, investors will most likely welcome a -40.45% jump to $10 which is the analysts’ median price.
If we refocus on Mister Car Wash Inc (NASDAQ:MCW), historical trading data shows that trading volumes averaged 0.9 over the past 10 days and 1.22 million over the past 3 months. The company’s latest data on shares outstanding shows there are 322.24 million shares.
The 70.40% of Mister Car Wash Inc’s shares are in the hands of company insiders while institutional holders own 32.09% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 9.19 million on 2024-12-13, giving us a short ratio of 8.29. The data shows that as of 2024-12-13 short interest in Mister Car Wash Inc (MCW) stood at 946.0000000000001 of shares outstanding, with shares short falling to 10.19 million registered in 2024-11-15. Current price change has pushed the stock -2.33% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MCW stock continues to rise going into the next quarter.
