Middleby Corp (NASDAQ:MIDD) currently has a daily average trading volume of 565.37K but it saw 2537438 shares traded in last market. With a market cap of 6.97B USD, the company’s current market price of $129.70 came falling about -7.61 while comparing to the previous closing price of $140.38. 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. In the recent trading on the day, stock has struck highest price mark of $125.95 while lowest mark touched by it was $131.88.
Taking a look at 20-day trading activity of Middleby Corp (MIDD) gives us an average price of $136.33, while its current price level is -19.45% below from 52-week high level whereas it is 18.35% 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 $137.18 while that of 200 days or SMA-200 reads an average of $138.63. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.54% during that period while stretching the period over a month that decreases to 2.24%. 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 37.38 which implies that the stock is in neutral 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 -6.07% down while it is -3.51% when we observe its performance for the past one month. Year-to-date it is -11.87% down and over the past year, the stock is showing an upside performance of 14.91%.
Currently, Middleby Corp’s total number of outstanding shares is 53.60M. Company’s return on investment (ROI) stands at 6.69% and return on equity (ROE) at 12.05%. It has a price to earnings ratio (P/E ratio) of 18.14 while having a 12.73 of forward P/E ratio. Stock’s beta reads 1.58. Stock has a price to book (P/B) ratio of 2.04 while price to sale or P/S ratio amounts to 1.78. Its return on asset (ROA) is 5.52% on average.
