At the time of writing, MasterCraft Boat Holdings Inc [MCFT] stock is trading at $22.03, up 24.96%. An important factor to consider is whether the stock is rising or falling in short-term value. The MCFT shares have gain 27.41% over the last week, with a monthly amount glided 31.13%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
MasterCraft Boat Holdings Inc [NASDAQ: MCFT] stock has seen the most recent analyst activity on August 31, 2023, when B. Riley Securities downgraded its rating to a Neutral and also revised its price target to $23 from $37. Previously, DA Davidson started tracking the stock with Neutral rating on May 31, 2023, and set its price target to $29. On April 19, 2023, KeyBanc Capital Markets initiated with a Sector Weight rating. Stifel started tracking the stock assigning a Buy rating and suggested a price target of $35 on August 19, 2022. B. Riley Securities reiterated its recommendation of a Buy but $47 remained the price target by the analyst firm on March 28, 2022. B. Riley Securities reiterated a Buy rating for this stock on November 12, 2020, and upped its price target to $34. In a note dated September 22, 2020, Robert W. Baird upgraded an Outperform rating on this stock but restated the target price of $22.
For the past year, the stock price of MasterCraft Boat Holdings Inc fluctuated between $16.12 and $24.05. Currently, Wall Street analysts expect the stock to reach $17 within the next 12 months. MasterCraft Boat Holdings Inc [NASDAQ: MCFT] shares were valued at $22.03 at the most recent close of the market. An investor can expect a potential drop of -22.83% based on the average MCFT price forecast.
Analyzing the MCFT fundamentals
According to MasterCraft Boat Holdings Inc [NASDAQ:MCFT], the company’s sales were 366.59M for trailing twelve months, which represents an -59.67% plunge. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.04 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.27.
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 20.27 points at the first support level, and at 18.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.40, and for the 2nd resistance point, it is at 24.76.
Ratios To Look Out For
It is important to note that MasterCraft Boat Holdings Inc [NASDAQ:MCFT] has a current ratio of 1.99. On the other hand, the Quick Ratio is 1.42, and the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 1.00, the price to book ratio is 2.01 and price to earnings (TTM) ratio is 50.64.
Transactions by insiders
Recent insider trading involved Coliseum Capital Management, L, 10% Owner, that happened on Jun 21 ’24 when 45000.0 shares were purchased. 10% Owner, Coliseum Capital Management, L completed a deal on Jun 24 ’24 to buy 38462.0 shares. Meanwhile, 10% Owner Coliseum Capital Management, L bought 24054.0 shares on Jun 20 ’24.
