At the time of writing, Malibu Boats Inc [MBUU] stock is trading at $43.28, up 2.93%. An important factor to consider is whether the stock is rising or falling in short-term value. The MBUU shares have gain 4.77% over the last week, with a monthly amount glided 0.16%, and seem to be holding up well over a long-time horizon.
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On 27, February 2024, Malibu Boats, Inc. to Participate at the Raymond James 2024 Institutional Investors Conference. In a post published today on Yahoo Finance, Malibu Boats, Inc. (Nasdaq: MBUU) announced today that Jack Springer, Malibu’s Chief Executive Officer, will participate in a fireside chat at the Raymond James 2024 Institutional Investors Conference at the JW Marriott Grande Lakes in Orlando, Florida. The fireside chat is scheduled for 11:35 a.m. Eastern Time on Tuesday, March 5, 2024.
From an analyst’s perspective:
Malibu Boats Inc [NASDAQ: MBUU] stock has seen the most recent analyst activity on June 16, 2023, when B. Riley Securities downgraded its rating to a Neutral but kept the price target unchanged to $69 for it. Previously, KeyBanc Capital Markets started tracking the stock with Overweight rating on April 19, 2023, and set its price target to $65. On September 30, 2022, DA Davidson initiated with a Neutral rating and assigned a price target of $50 on the stock. Wolfe Research started tracking the stock assigning a Outperform rating and suggested a price target of $81 on September 30, 2021. BMO Capital Markets upgraded its rating to a Outperform and raised its price target to $86 on January 13, 2021. Robert W. Baird upgraded its rating to Outperform for this stock on September 22, 2020, but kept the price target unchanged to $64. In a note dated August 28, 2020, B. Riley FBR upgraded an Buy rating on this stock but restated the target price of $75.
For the past year, the stock price of Malibu Boats Inc fluctuated between $37.70 and $62.36. Malibu Boats Inc [NASDAQ: MBUU] shares were valued at $43.28 at the most recent close of the market.
Analyzing the MBUU fundamentals
According to Malibu Boats Inc [NASDAQ:MBUU], the company’s sales were 1.21B for trailing twelve months, which represents an -37.69% plunge. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.1 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.06.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 42.46 points at the first support level, and at 41.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.79, and for the 2nd resistance point, it is at 44.29.
Malibu Boats Inc [MBUU] reported earnings per share of $0.57 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.47/share, meaning a difference of $0.1 and a surprise factor of 21.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.13 per share as compared to estimates of $0.88 per share, a difference of $0.25 representing a surprise of 28.40%.
Ratios To Look Out For
It is important to note that Malibu Boats Inc [NASDAQ:MBUU] has a current ratio of 1.82. On the other hand, the Quick Ratio is 0.69, and the Cash Ratio is 0.4. Considering the valuation of this stock, the price to sales ratio is 0.73, the price to book ratio is 1.42 and price to earnings (TTM) ratio is 13.84.
Transactions by insiders
Recent insider trading involved Hooks Michael K., Executive Chair, that happened on Feb 22 ’24 when 12500.0 shares were purchased. Interim CFO, Black David Scott completed a deal on Nov 08 ’23 to sell 631.0 shares. Meanwhile, Chief Operating Officer Anderson Ritchie L. sold 13360.0 shares on Nov 07 ’23.
