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After finishing at $139.13 in the prior trading day, Middleby Corp. (NASDAQ: MIDD) closed at $138.23, down -0.65%. In other words, the price has decreased by -$0.65 from its previous closing price. On the day, 0.55 million shares were traded. MIDD stock price reached its highest trading level at $140.01 during the session, while it also had its lowest trading level at $136.18.
Ratios:
Our goal is to gain a better understanding of MIDD by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.56. For the most recent quarter (mrq), Quick Ratio is recorded 1.43 and its Current Ratio is at 2.50. In the meantime, Its Debt-to-Equity ratio is 0.71 whereas as Long-Term Debt/Eq ratio is at 0.69.
On May 22, 2024, JP Morgan Downgraded its rating to Underweight which previously was Neutral and also lowered its target price recommendation from $145 to $118.
On November 17, 2022, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $171.Canaccord Genuity initiated its Buy rating on November 17, 2022, with a $171 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 14 ’24 when Palisi Chapin Sarah sold 200 shares for $137.13 per share. The transaction valued at 27,426 led to the insider holds 6,861 shares of the business.
Palisi Chapin Sarah sold 150 shares of MIDD for $19,257 on Jun 12 ’24. The Director now owns 7,061 shares after completing the transaction at $128.38 per share. On Jun 06 ’24, another insider, MILLER JOHN R III, who serves as the Director of the company, sold 2,000 shares for $126.32 each. As a result, the insider received 252,640 and left with 10,931 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, MIDD now has a Market Capitalization of 7432557568 and an Enterprise Value of 9401540608. As of this moment, Middleby’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.33, and their Forward P/E ratio for the next fiscal year is 13.21. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.90 while its Price-to-Book (P/B) ratio in mrq is 2.17. Its current Enterprise Value per Revenue stands at 2.406 whereas that against EBITDA is 11.347.
Stock Price History:
Over the past 52 weeks, MIDD has reached a high of $161.01, while it has fallen to a 52-week low of $109.59. The 50-Day Moving Average of the stock is 0.86%, while the 200-Day Moving Average is calculated to be -0.82%.
Shares Statistics:
The stock has traded on average 611.19K shares per day over the past 3-months and 537150 shares per day over the last 10 days, according to various share statistics. A total of 53.60M shares are outstanding, with a floating share count of 53.05M. Insiders hold about 1.33% of the company’s shares, while institutions hold 102.67% stake in the company. Shares short for MIDD as of 1726185600 were 2911447 with a Short Ratio of 4.76, compared to 1723680000 on 3279707. Therefore, it implies a Short% of Shares Outstanding of 2911447 and a Short% of Float of 5.48.
