For Mister Car Wash Inc [MCW], Analyst sees a rise to $8.50. What next?

Mister Car Wash Inc [NYSE: MCW] gained 2.42% on the last trading session, reaching $6.78 price per share at the time.

If compared to the average trading volume of 2.05M shares, MCW reached a trading volume of 5060344 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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Here is what top equities market gurus are saying about Mister Car Wash Inc [MCW]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MCW shares is $9.58 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MCW stock is a recommendation set at 1.69. 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.

JP Morgan have made an estimate for Mister Car Wash Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on May 03, 2024. While these analysts kept the previous recommendation, Mizuho raised their target price to Buy. The new note on the price target was released on March 19, 2024, representing the official price target for Mister Car Wash Inc stock. Previously, the target price had yet another raise to $9.50, while JP Morgan analysts kept a Neutral rating on MCW stock.

The Average True Range (ATR) for Mister Car Wash Inc is set at 0.32, with the Price to Sales ratio for MCW stock in the period of the last 12 months amounting to 2.28. The Price to Book ratio for the last quarter was 2.30, with the Price to Cash per share for the same quarter was set at 0.01.

Trading performance analysis for MCW stock

Mister Car Wash Inc [MCW] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.19. With this latest performance, MCW shares dropped by -11.72% in over the last four-week period, additionally sinking by -26.62% over the last 6 months – not to mention a drop of -1.02% 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 MCW stock in for the last two-week period is set at 46.13, with the RSI for the last a single of trading hit 46.54, and the three-weeks RSI is set at 46.53 for Mister Car Wash Inc [MCW]. The present Moving Average for the last 50 days of trading for this stock 7.04, while it was recorded at 6.68 for the last single week of trading, and 7.48 for the last 200 days.

Mister Car Wash Inc [MCW]: A deeper dive into fundamental analysis

Mister Car Wash Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.25 and a Current Ratio set at 0.28.

Mister Car Wash Inc [MCW]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Mister Car Wash Inc posted 0.08/share EPS, while the average EPS was predicted by analysts to be reported at 0.07/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.01. 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 MCW. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Mister Car Wash Inc go to 6.00%.

An analysis of Institutional ownership at Mister Car Wash Inc [MCW]

The top three institutional holders of MCW stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in MCW stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in MCW stock with ownership which is approximately 5.1238%.

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