Manchester United Plc. (NYSE:MANU) does about 1.69M shares in volume on a normal day but saw 932224 shares change hands in Friday trading. The company now has a market cap of 2.42B USD. Its current market price is $14.85, marking an increase of 1.92% compared to the previous close of $14.57. The 52 week high reached by this stock is $26.64 whilst the lowest price level in 52 weeks is $13.50.
Manchester United Plc. (MANU) has a 20-day trading average at $14.14 and the current price is -44.26% off the 52-week high compared with 10.00% distance from its 52-week low. The 50-day simple moving average of the closing price is $16.42 and its 200-day simple moving average is $19.50. If we look at the stock’s price movements over the week, volatility stands at 3.32%, which decreases to 2.89% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 50.94 to suggest the stock is neutral.
The consensus objective for the share price is $19.06, suggesting that the stock has a potential upside of 22.09% over the period.
Deutsche Bank upgraded the stock to “Buy” from Hold on March 21, 2022 at a price target of $18.
Manchester United Plc. (MANU) stock is up 6.38% over the week and 3.34% over the past month. Its price is -27.13% year-to-date and -32.04% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2023, with the company’s earnings per share (EPS) of $0.16 above consensus estimates by $0.37. MANU’s earnings per share are forecast to shrink by -204.50% this year and 44.80% over next year. Expected sales for next quarter are $181.97 million, which analysts say will come at $823.09 million for the current fiscal year and next year at $907.34 million. In addition, estimates put the company’s current quarterly revenue at an average of $161.75 million.
To reach the target analysts have set, the stock logically needs to grow 22.09 percent from here.
Outstanding shares total 52.85M with insiders holding 31.94% of the shares and institutional holders owning 75.56% of the company’s common stock. The company has a return on investment of -2.28% and return on equity of -13.93%. The beta has a value of 0.74. Price to book ratio is 19.78 and price to sales ratio is 2.71.
