MasterBrand Inc (MBC) stock hits $16.95: Is it a good time to buy or wait for a dip?

MasterBrand Inc [MBC] stock prices are up 0.06% to $16.95 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MBC shares have gain 3.35% over the last week, with a monthly amount drifted -0.12%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

MasterBrand Inc [NYSE: MBC] stock has seen the most recent analyst activity on May 10, 2023, when Loop Capital upgraded its rating to a Buy and also boosted its price target to $13 from $9.

The stock price of MasterBrand Inc [MBC] has been fluctuating between $10.12 and $19.07 over the past year. Currently, Wall Street analysts expect the stock to reach $13 within the next 12 months. MasterBrand Inc [NYSE: MBC] shares were valued at $16.95 at the most recent close of the market. An investor can expect a potential drop of -23.3% based on the average MBC price forecast.

Analyzing the MBC fundamentals

The MasterBrand Inc [NYSE:MBC] reported sales of 2.69B for trailing twelve months, representing a drop of -5.70%. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.16 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.59.

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 16.82 points at the first support level, and at 16.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.15, and for the 2nd resistance point, it is at 17.34.

Ratios To Look Out For

It’s worth pointing out that MasterBrand Inc [NYSE:MBC]’s Current Ratio is 2.06. Further, the Quick Ratio stands at 1.34, while the Cash Ratio is 0.45. Considering the valuation of this stock, the price to sales ratio is 0.80, the price to book ratio is 1.75 and price to earnings (TTM) ratio is 11.96.

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