At the time of writing, Manhattan Associates, Inc [MANH] stock is trading at $295.10, up 2.38%. 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 MANH shares have gain 4.62% over the last week, with a monthly amount glided 4.55%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Manhattan Associates, Inc [NASDAQ: MANH] stock has seen the most recent analyst activity on November 25, 2024, when Piper Sandler initiated its Overweight rating and assigned the stock a price target of $326. Previously, DA Davidson upgraded its rating to Buy on April 25, 2024, and elevated its price target to $240. On March 13, 2024, Citigroup initiated with a Neutral rating and assigned a price target of $260 on the stock. Rosenblatt downgraded its rating to a Neutral but stick to its price target of $150 on April 11, 2023. DA Davidson initiated its recommendation with a Neutral and recommended $145 as its price target on February 22, 2023. Raymond James upgraded its rating to Outperform for this stock on March 22, 2022, but kept the price target unchanged to $170. In a note dated August 30, 2021, The Benchmark Company reiterated an Buy rating on this stock and boosted its target price from $165 to $190.
For the past year, the stock price of Manhattan Associates, Inc fluctuated between $205.12 and $312.60. Currently, Wall Street analysts expect the stock to reach $304.2 within the next 12 months. Manhattan Associates, Inc [NASDAQ: MANH] shares were valued at $295.10 at the most recent close of the market. An investor can expect a potential return of 3.08% based on the average MANH price forecast.
Analyzing the MANH fundamentals
According to Manhattan Associates, Inc [NASDAQ:MANH], the company’s sales were 1.02B for trailing twelve months, which represents an 11.84% jump. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.31, Equity is 0.85 and Total Capital is 0.77. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.18.
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 287.37 points at the first support level, and at 279.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 301.05, and for the 2nd resistance point, it is at 307.00.
Ratios To Look Out For
It is important to note that Manhattan Associates, Inc [NASDAQ:MANH] has a current ratio of 1.22. Further, the Quick Ratio stands at 1.22, while the Cash Ratio is 0.59. Considering the valuation of this stock, the price to sales ratio is 17.59, the price to book ratio is 64.84 and price to earnings (TTM) ratio is 83.86.
Transactions by insiders
Recent insider trading involved Gantt James Stewart, Officer, that happened on Nov 26 ’24 when 3475.0 shares were purchased. SVP, CLO & Secretary, Richards Bruce completed a deal on Nov 29 ’24 to sell 4150.0 shares. Meanwhile, EVP, Professional Services Gantt James Stewart sold 3475.0 shares on Nov 26 ’24.
