Malibu Boats Inc [MBUU] stock prices are up 2.70% to $39.97 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The MBUU shares have gain 6.25% over the last week, with a monthly amount glided 10.84%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Malibu Boats Inc [NASDAQ: MBUU] stock has seen the most recent analyst activity on July 24, 2024, when DA Davidson upgraded its rating to a Buy but kept the price target unchanged to $45 for it. Previously, DA Davidson downgraded its rating to Neutral on July 24, 2024, and kept the price target unchanged to $45. On July 08, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $32 on the stock. The Benchmark Company started tracking the stock assigning a Buy rating and suggested a price target of $44 on May 22, 2024. Raymond James downgraded its rating to a Mkt Perform. B. Riley Securities downgraded its rating to Neutral for this stock on June 16, 2023, but kept the price target unchanged to $69. In a note dated April 19, 2023, KeyBanc Capital Markets initiated an Overweight rating and provided a target price of $65 on this stock.
The stock price of Malibu Boats Inc [MBUU] has been fluctuating between $30.20 and $56.03 over the past year. Currently, Wall Street analysts expect the stock to reach $40.4 within the next 12 months. Malibu Boats Inc [NASDAQ: MBUU] shares were valued at $39.97 at the most recent close of the market. An investor can expect a potential return of 1.08% based on the average MBUU price forecast.
Analyzing the MBUU fundamentals
The Malibu Boats Inc [NASDAQ:MBUU] reported sales of 829.03M for trailing twelve months, representing a drop of -57.37%. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at -0.07%, 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 -0.1 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
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 38.77 points at the first support level, and at 37.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.96, and for the 2nd resistance point, it is at 41.95.
Ratios To Look Out For
It’s worth pointing out that Malibu Boats Inc [NASDAQ:MBUU]’s Current Ratio is 1.46. On the other hand, the Quick Ratio is 0.41, and the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 0.96, the price to book ratio is 1.52.
Transactions by insiders
Recent insider trading involved Lanigan Mark W., Director, that happened on May 06 ’24 when 20000.0 shares were purchased. Executive Chair, Hooks Michael K. completed a deal on Feb 22 ’24 to buy 12500.0 shares. Meanwhile, Interim CFO Black David Scott sold 631.0 shares on Nov 08 ’23.
