Analysts predict Mister Car Wash Inc (MCW) stock to reach $10 in the next 12 months

A share price of Mister Car Wash Inc [MCW] is currently trading at $6.77, up 3.68%. 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 MCW shares have gain 4.80% over the last week, with a monthly amount drifted -5.45%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Mister Car Wash Inc [NYSE: MCW] stock has seen the most recent analyst activity on May 03, 2024, when JP Morgan upgraded its rating to a Overweight but kept the price target unchanged to $8.50 for it. Previously, Mizuho started tracking the stock with Buy rating on March 19, 2024, and set its price target to $11. On February 16, 2024, JP Morgan initiated with a Neutral rating and assigned a price target of $9.50 on the stock. Wells Fargo started tracking the stock assigning a Overweight rating and suggested a price target of $11 on January 10, 2024. Robert W. Baird upgraded its rating to a Outperform but $10 remained the price target by the analyst firm on October 13, 2023. In a note dated August 28, 2023, Piper Sandler upgraded an Overweight rating on this stock and boosted its target price from $9 to $12.

Mister Car Wash Inc experienced fluctuations in its stock price throughout the past year between $4.80 and $9.45. Currently, Wall Street analysts expect the stock to reach $10 within the next 12 months. Mister Car Wash Inc [NYSE: MCW] shares were valued at $6.77 at the most recent close of the market. An investor can expect a potential return of 47.71% based on the average MCW price forecast.

Analyzing the MCW fundamentals

Trailing Twelve Months sales for Mister Car Wash Inc [NYSE:MCW] were 958.44M which represents 7.66% growth. Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.08 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.03.

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 6.60 points at the first support level, and at 6.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.88, and for the 2nd resistance point, it is at 7.00.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Mister Car Wash Inc [NYSE:MCW] is 0.28. Further, the Quick Ratio stands at 0.25, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 2.27, the price to book ratio is 2.29 and price to earnings (TTM) ratio is 31.53.

Transactions by insiders

Recent insider trading involved MAYRA CHIMIENTI, Officer, that happened on Aug 05 ’24 when 99031.0 shares were purchased. Chief Innovation Officer, Matheny Joseph Duane completed a deal on Aug 01 ’24 to sell 900.0 shares. Meanwhile, Chief Executive Officer Lai John Lo-minn sold 33904.0 shares on Jun 26 ’24.

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