Medpace Holdings Inc [MEDP] stock prices are up 9.15% to $358.27 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MEDP shares have gain 12.54% over the last week, with a monthly amount glided 5.95%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Medpace Holdings Inc [NASDAQ: MEDP] stock has seen the most recent analyst activity on October 23, 2024, when Robert W. Baird downgraded its rating to a Neutral and also revised its price target to $349 from $413. On September 27, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $350 on the stock. Jefferies downgraded its rating to a Hold and decreased its price target to $345 on September 25, 2024. Truist initiated its recommendation with a Hold and recommended $415 as its price target on August 01, 2024. TD Cowen started tracking with a Buy rating for this stock on May 29, 2024, and assigned it a price target of $452. In a note dated May 28, 2024, Mizuho initiated an Buy rating and provided a target price of $435 on this stock.
The stock price of Medpace Holdings Inc [MEDP] has been fluctuating between $268.16 and $459.77 over the past year. Currently, Wall Street analysts expect the stock to reach $399.2 within the next 12 months. Medpace Holdings Inc [NASDAQ: MEDP] shares were valued at $358.27 at the most recent close of the market. An investor can expect a potential return of 11.42% based on the average MEDP price forecast.
Analyzing the MEDP fundamentals
The Medpace Holdings Inc [NASDAQ:MEDP] reported sales of 2.07B for trailing twelve months, representing a surge of 8.29%. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.18, Equity is 0.51 and Total Capital is 0.39. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -0.62.
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 342.80 points at the first support level, and at 327.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 367.32, and for the 2nd resistance point, it is at 376.36.
Ratios To Look Out For
It’s worth pointing out that Medpace Holdings Inc [NASDAQ:MEDP]’s Current Ratio is 0.99. Also, the Quick Ratio is 0.99, while the Cash Ratio stands at 0.63. Considering the valuation of this stock, the price to sales ratio is 5.38, the price to book ratio is 12.60 and price to earnings (TTM) ratio is 31.37.
Transactions by insiders
Recent insider trading involved Kraft Robert O., Director, that happened on Aug 22 ’24 when 4353.0 shares were sold. Director, Kraft Robert O. completed a deal on Aug 23 ’24 to sell 3774.0 shares. Meanwhile, Director Kraft Robert O. bought 4353.0 shares on Aug 22 ’24.
