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In the latest session, Manhattan Associates, Inc. (NASDAQ: MANH) closed at $223.88 down -6.39% from its previous closing price of $239.15. In other words, the price has decreased by -$6.39 from its previous closing price. On the day, 1.06 million shares were traded. MANH stock price reached its highest trading level at $235.21 during the session, while it also had its lowest trading level at $221.46.
Ratios:
For a deeper understanding of Manhattan Associates, Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 66.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 58.45. For the most recent quarter (mrq), Quick Ratio is recorded 1.17 and its Current Ratio is at 1.17. In the meantime, Its Debt-to-Equity ratio is 0.22 whereas as Long-Term Debt/Eq ratio is at 0.22.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, DA Davidson on April 25, 2024, Upgraded its rating to Buy and sets its target price to $240 from $220 previously.
On March 13, 2024, Citigroup started tracking the stock assigning a Neutral rating and target price of $260.
Rosenblatt Downgraded its Buy to Neutral on April 11, 2023, while the target price for the stock was maintained at $150.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 06 ’24 when Richards Bruce sold 4,000 shares for $255.67 per share. The transaction valued at 1,022,682 led to the insider holds 30,236 shares of the business.
Gantt James Stewart sold 4,000 shares of MANH for $1,003,142 on Mar 05 ’24. The EVP, Professional Services now owns 52,287 shares after completing the transaction at $250.79 per share. On Feb 29 ’24, another insider, Capel Eddie, who serves as the President & CEO of the company, sold 5,902 shares for $251.71 each. As a result, the insider received 1,485,599 and left with 193,089 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MANH now has a Market Capitalization of 14725751808 and an Enterprise Value of 13543716864. As of this moment, Manhattan’s Price-to-Earnings (P/E) ratio for their current fiscal year is 72.98, and their Forward P/E ratio for the next fiscal year is 50.20. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.87. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.32 while its Price-to-Book (P/B) ratio in mrq is 57.53. Its current Enterprise Value per Revenue stands at 14.075 whereas that against EBITDA is 59.879.
Stock Price History:
The Beta on a monthly basis for MANH is 1.49, which has changed by 0.09590244 over the last 52 weeks, in comparison to a change of 0.23228896 over the same period for the S&P500. Over the past 52 weeks, MANH has reached a high of $266.94, while it has fallen to a 52-week low of $182.97. The 50-Day Moving Average of the stock is -2.55%, while the 200-Day Moving Average is calculated to be -0.98%.
Shares Statistics:
For the past three months, MANH has traded an average of 444.60K shares per day and 403442 over the past ten days. A total of 61.57M shares are outstanding, with a floating share count of 60.87M. Insiders hold about 1.14% of the company’s shares, while institutions hold 99.54% stake in the company. Shares short for MANH as of 1719532800 were 1470768 with a Short Ratio of 3.31, compared to 1717113600 on 1114100. Therefore, it implies a Short% of Shares Outstanding of 1470768 and a Short% of Float of 3.2300000000000004.
