Mimecast Limited [NASDAQ: MIME] traded at a low on 01/05/22, posting a -0.15 loss after which it closed the day’ session at $79.15. The company report on December 29, 2021 that SHAREHOLDER ALERT: WeissLaw LLP Reminds TMX, CCMP, MIME, and SUNS Shareholders About Its Ongoing Investigations.
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The results of the trading session contributed to over 5607740 shares changing hands. Over the past one week, the price volatility of Mimecast Limited stands at 0.46% while the volatility over the past one month is 0.61%.
The market cap for MIME stock reached $5.26 billion, with 65.98 million shares outstanding and 62.33 million shares in the current float. Compared to the average trading volume of 1.40M shares, MIME reached a trading volume of 5607740 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Mimecast Limited [MIME]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MIME shares is $82.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MIME stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Truist have made an estimate for Mimecast Limited shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 13, 2021. While these analysts kept the previous recommendation, JP Morgan raised their target price from $46 to $68. The new note on the price target was released on August 03, 2021, representing the official price target for Mimecast Limited stock. Previously, the target price had yet another raise to $60, while Loop Capital analysts kept a Hold rating on MIME stock. On May 12, 2021, analysts increased their price target for MIME shares from 56 to 60.
The Average True Range (ATR) for Mimecast Limited is set at 1.36, with the Price to Sales ratio for MIME stock in the period of the last 12 months amounting to 9.51. The Price to Book ratio for the last quarter was 11.37, with the Price to Cash per share for the same quarter was set at 5.52. Price to Free Cash Flow for MIME in the course of the last twelve months was 47.39 with Quick ratio for the last quarter at 1.50.
How has MIME stock performed recently?
Mimecast Limited [MIME] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.74. With this latest performance, MIME shares gained by 5.53% in over the last four-week period, additionally plugging by 43.26% over the last 6 months – not to mention a rise of 60.55% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MIME stock in for the last two-week period is set at 51.36, with the RSI for the last a single of trading hit 48.30, and the three-weeks RSI is set at 53.26 for Mimecast Limited [MIME]. The present Moving Average for the last 50 days of trading for this stock 78.85, while it was recorded at 79.33 for the last single week of trading, and 60.89 for the last 200 days.
Mimecast Limited [MIME]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Mimecast Limited [MIME] shares currently have an operating margin of +7.02 and a Gross Margin at +75.73. Mimecast Limited’s Net Margin is presently recorded at +5.93.
Return on Total Capital for MIME is now 6.56, given the latest momentum, and Return on Invested Capital for the company is 6.00. Return on Equity for this stock inclined to 10.03, with Return on Assets sitting at 3.57. When it comes to the capital structure of this company, Mimecast Limited [MIME] has a Total Debt to Total Equity ratio set at 69.23. Additionally, MIME Total Debt to Total Capital is recorded at 40.91, with Total Debt to Total Assets ending up at 26.73. Long-Term Debt to Equity for the company is recorded at 57.36, with the Long-Term Debt to Total Capital now at 33.89.
Reflecting on the efficiency of the workforce at the company, Mimecast Limited [MIME] managed to generate an average of $16,853 per employee. Receivables Turnover for the company is 4.59 with a Total Asset Turnover recorded at a value of 0.60.Mimecast Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.50.
Earnings analysis for Mimecast Limited [MIME]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MIME. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Mimecast Limited go to 16.50%.
Insider trade positions for Mimecast Limited [MIME]
There are presently around $4,567 million, or 89.40% of MIME stock, in the hands of institutional investors. The top three institutional holders of MIME stocks are: BLACKROCK INC. with ownership of 7,919,592, which is approximately 39.013% of the company’s market cap and around 1.30% of the total institutional ownership; WELLINGTON MANAGEMENT GROUP LLP, holding 2,997,916 shares of the stock with an approximate value of $237.65 million in MIME stocks shares; and FIRST TRUST ADVISORS LP, currently with $230.04 million in MIME stock with ownership of nearly 50.239% of the company’s market capitalization.
Positions in Mimecast Limited stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 167 institutional holders increased their position in Mimecast Limited [NASDAQ:MIME] by around 11,828,447 shares. Additionally, 91 investors decreased positions by around 9,074,538 shares, while 18 investors held positions by with 36,712,973 shares. The mentioned changes placed institutional holdings at 57,615,958 shares, according to the latest SEC report filing. MIME stock had 74 new institutional investments in for a total of 1,922,441 shares, while 25 institutional investors sold positions of 2,512,795 shares during the same period.