Manhattan Associates, Inc. [MANH] stock prices are up 4.69% to $258.46 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The MANH shares have gain 18.24% over the last week, with a monthly amount glided 6.89%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Manhattan Associates, Inc. [NASDAQ: MANH] stock has seen the most recent analyst activity on April 25, 2024, when DA Davidson upgraded its rating to a Buy and also boosted its price target to $240 from $220. Previously, Citigroup started tracking the stock with Neutral rating on March 13, 2024, and set its price target to $260. On April 11, 2023, downgrade downgraded it’s rating to Neutral but maintained its price target of $150 on the stock. DA Davidson started tracking the stock assigning a Neutral rating and suggested a price target of $145 on February 22, 2023. Raymond James upgraded its rating to a Outperform but $170 remained the price target by the analyst firm on March 22, 2022. The Benchmark Company reiterated a Buy rating for this stock on August 30, 2021, and upped its price target to $190. In a note dated August 25, 2020, Loop Capital initiated an Buy rating and provided a target price of $125 on this stock.
The stock price of Manhattan Associates, Inc. [MANH] has been fluctuating between $182.97 and $266.94 over the past year. Currently, Wall Street analysts expect the stock to reach $229.33 within the next 12 months. Manhattan Associates, Inc. [NASDAQ: MANH] shares were valued at $258.46 at the most recent close of the market. An investor can expect a potential drop of -11.27% based on the average MANH price forecast.
Analyzing the MANH fundamentals
The Manhattan Associates, Inc. [NASDAQ:MANH] reported sales of 996.57M for trailing twelve months, representing a surge of 14.85%. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.31, Equity is 0.85 and Total Capital is 0.79. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.21.
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 251.84 points at the first support level, and at 245.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 262.43, and for the 2nd resistance point, it is at 266.40.
Ratios To Look Out For
It’s worth pointing out that Manhattan Associates, Inc. [NASDAQ:MANH]’s Current Ratio is 1.15. On the other hand, the Quick Ratio is 1.15, and the Cash Ratio is 0.56. Considering the valuation of this stock, the price to sales ratio is 15.97, the price to book ratio is 65.78 and price to earnings (TTM) ratio is 78.74.
Transactions by insiders
Recent insider trading involved Richards Bruce, SVP, CLO & Secretary, that happened on Mar 06 ’24 when 4000.0 shares were sold. EVP, Professional Services, Gantt James Stewart completed a deal on Mar 05 ’24 to sell 4000.0 shares. Meanwhile, President & CEO Capel Eddie sold 5902.0 shares on Feb 29 ’24.
