At the time of writing, MYT Netherlands Parent BV ADR [MYTE] stock is trading at $8.42, up 10.50%. 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 MYTE shares have gain 12.72% over the last week, with a monthly amount glided 18.09%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
MYT Netherlands Parent BV ADR [NYSE: MYTE] stock has seen the most recent analyst activity on June 14, 2023, when Jefferies downgraded its rating to a Hold and also revised its price target to $4 from $19. Previously, Societe Generale downgraded its rating to Hold on April 20, 2023, and kept the price target unchanged to $7. On April 19, 2023, downgrade downgraded it’s rating to Neutral but maintained its price target of $7 on the stock. TD Cowen downgraded its rating to a Market Perform and decreased its price target to $7 on March 16, 2023. Morgan Stanley downgraded its rating to a Equal-Weight but $14 remained the price target by the analyst firm on April 12, 2022. UBS upgraded its rating to Buy for this stock on March 24, 2022, and downed its price target to $19. In a note dated January 18, 2022, Societe Generale upgraded an Buy rating on this stock but restated the target price of $25.
For the past year, the stock price of MYT Netherlands Parent BV ADR fluctuated between $2.41 and $8.24. Currently, Wall Street analysts expect the stock to reach $15.35 within the next 12 months. MYT Netherlands Parent BV ADR [NYSE: MYTE] shares were valued at $8.42 at the most recent close of the market. An investor can expect a potential return of 82.3% based on the average MYTE price forecast.
Analyzing the MYTE fundamentals
According to MYT Netherlands Parent BV ADR [NYSE:MYTE], the company’s sales were 927.60M for trailing twelve months, which represents an 8.47% jump. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at -0.04%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.08 and Total Capital is -0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.18.
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 7.82 points at the first support level, and at 7.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.77, and for the 2nd resistance point, it is at 9.13.
Ratios To Look Out For
It is important to note that MYT Netherlands Parent BV ADR [NYSE:MYTE] has a current ratio of 1.95. Further, the Quick Ratio stands at 0.26, while the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 0.77, the price to book ratio is 1.54.
Transactions by insiders
Recent insider trading involved SEBASTIAN MARC DIETZMANN, Officer, that happened on Nov 18 ’24 when 1115.0 shares were purchased. Officer, MARTIN BEER completed a deal on Oct 08 ’24 to buy 13000.0 shares. Meanwhile, Officer GARETH ALAIN LOCKE bought 15000.0 shares on Oct 08 ’24.
