Moelis & Co (MC) stock hits $80.49: Is it a good time to buy or wait for a dip?

Moelis & Co [MC] stock is trading at $80.49, up 18.37%. 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 MC shares have gain 20.35% over the last week, with a monthly amount glided 19.74%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Moelis & Co [NYSE: MC] stock has seen the most recent analyst activity on September 12, 2024, when Wells Fargo initiated its Equal Weight rating and assigned the stock a price target of $70. Previously, Goldman upgraded its rating to Neutral on March 13, 2024, and elevated its price target to $58. Goldman downgraded its rating to a Sell and decreased its price target to $37 on January 11, 2023. Keefe Bruyette downgraded its rating to a Underperform and reduced its price target to $37 on November 03, 2022. UBS downgraded its rating to Sell for this stock on September 23, 2022, and downed its price target to $35. In a note dated July 18, 2022, Morgan Stanley downgraded an Underweight rating on this stock and revised its target price from $53 to $36.

Moelis & Co [MC] stock has fluctuated between $40.88 and $72.80 over the past year. Currently, Wall Street analysts expect the stock to reach $47 within the next 12 months. Moelis & Co [NYSE: MC] shares were valued at $80.49 at the most recent close of the market. An investor can expect a potential drop of -41.61% based on the average MC price forecast.

Analyzing the MC fundamentals

Moelis & Co [NYSE:MC] reported sales of 970.70M for the trailing twelve months, which represents a growth of 0.58%. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.11 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.

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 76.58 points at the first support level, and at 72.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 82.51, and for the 2nd resistance point, it is at 84.52.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 6.36, the price to book ratio is 15.46 and price to earnings (TTM) ratio is 151.38.

Transactions by insiders

Recent insider trading involved Shropshire Kenneth, Director, that happened on Jul 31 ’24 when 495.0 shares were sold. Chief Operating Officer, Pilcher Ciafone Katherine completed a deal on Jul 30 ’24 to sell 3666.0 shares. Meanwhile, Chairman, CEO MOELIS KENNETH sold 93506.0 shares on Jul 30 ’24.

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