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The closing price of Medpace Holdings Inc (NASDAQ: MEDP) was $320.58 for the day, down -9.90% from the previous closing price of $355.82. In other words, the price has decreased by -$9.90 from its previous closing price. On the day, 1.21 million shares were traded. MEDP stock price reached its highest trading level at $346.07 during the session, while it also had its lowest trading level at $319.7.
Ratios:
Our analysis of MEDP’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.45 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.77. For the most recent quarter (mrq), Quick Ratio is recorded 0.88 and its Current Ratio is at 0.88. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.17.
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, Jefferies on September 25, 2024, Downgraded its rating to Hold and sets its target price to $345 from $415 previously.
On August 01, 2024, Truist started tracking the stock assigning a Hold rating and target price of $415.
On May 29, 2024, TD Cowen started tracking the stock assigning a Buy rating and target price of $452.TD Cowen initiated its Buy rating on May 29, 2024, with a $452 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 22 ’24 when Kraft Robert O. sold 4,353 shares for $390.73 per share. The transaction valued at 1,700,848 led to the insider holds 520 shares of the business.
Kraft Robert O. sold 3,774 shares of MEDP for $1,474,615 on Aug 23 ’24. The Director now owns 520 shares after completing the transaction at $390.73 per share. On Aug 22 ’24, another insider, Kraft Robert O., who serves as the Director of the company, bought 4,353 shares for $390.73 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MEDP now has a Market Capitalization of 9938556928 and an Enterprise Value of 9558912000. As of this moment, Medpace’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.14, and their Forward P/E ratio for the next fiscal year is 25.04. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.82. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.90 while its Price-to-Book (P/B) ratio in mrq is 12.99. Its current Enterprise Value per Revenue stands at 4.709 whereas that against EBITDA is 23.342.
Stock Price History:
Over the past 52 weeks, MEDP has reached a high of $459.77, while it has fallen to a 52-week low of $227.21. The 50-Day Moving Average of the stock is -14.86%, while the 200-Day Moving Average is calculated to be -13.59%.
Shares Statistics:
MEDP traded an average of 291.34K shares per day over the past three months and 407020 shares per day over the past ten days. A total of 30.68M shares are outstanding, with a floating share count of 25.48M. Insiders hold about 17.81% of the company’s shares, while institutions hold 82.80% stake in the company. Shares short for MEDP as of 1724976000 were 864303 with a Short Ratio of 3.20, compared to 1722384000 on 808659. Therefore, it implies a Short% of Shares Outstanding of 864303 and a Short% of Float of 4.19.
