Middleby Corp. (NASDAQ:MIDD) currently has a daily average trading volume of 602.61K but it saw 2019797 shares traded in last market. With a market cap of 7.76B USD, the company’s current market price of $144.36 came rising about 6.48 while comparing to the previous closing price of $135.58. In past 52 weeks, the stock remained buoying in the range of price level as high as $161.01 and as low as $109.59.
Taking a look at 20-day trading activity of Middleby Corp. (MIDD) gives us an average price of $128.84, while its current price level is -10.34% below from 52-week high level whereas it is 31.73% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $126.80 while that of 200 days or SMA-200 reads an average of $136.15. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.40% during that period while stretching the period over a month that decreases to 3.22%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 70.60 which implies that the stock is in overbought territory.
JP Morgan downgraded its recommendation for the stock as a “Underweight” from “Neutral” on May 22, 2024 while assigning a price target range of $145-$118. Canaccord Genuity also issued its recommendations for the stock as it initiated the price target for the stock is $171.
Over the week, MIDD’s stock price is moving 9.69% up while it is 19.40% when we observe its performance for the past one month. Year-to-date it is -1.91% down and over the past year, the stock is showing a downside performance of -2.98%.
Currently, Middleby Corp.’s total number of outstanding shares is 53.60M. Company’s return on investment (ROI) stands at 6.84% and return on equity (ROE) at 12.58%. It has a price to earnings ratio (P/E ratio) of 20.11 while having a 13.55 of forward P/E ratio. Stock’s beta reads 1.61. Stock has a price to book (P/B) ratio of 2.34 while price to sale or P/S ratio amounts to 1.96. Its return on asset (ROA) is 5.59% on average.
