Look Past The Setbacks And Give Manchester United Plc (NYSE: MANU) Another Chance

Manchester United Plc (NYSE:MANU) currently has a daily average trading volume of 258.75K but it saw 396859 shares traded in last market. With a market cap of 2.88B USD, the company’s current market price of $17.03 came rising about 0.53 while comparing to the previous closing price of $16.94. In past 52 weeks, the stock remained buoying in the range of price level as high as $22.00 and as low as $13.50. In the recent trading on the day, stock has struck highest price mark of $16.83 while lowest mark touched by it was $17.265.

Taking a look at 20-day trading activity of Manchester United Plc (MANU) gives us an average price of $17.22, while its current price level is -22.59% below from 52-week high level whereas it is 26.15% 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 $16.60 while that of 200 days or SMA-200 reads an average of $16.21. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.07% during that period while stretching the period over a month that decreases to 2.57%. 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 50.76 which implies that the stock is in neutral territory.

Deutsche Bank upgraded its recommendation for the stock as a “Buy” from “Hold” on March 21, 2022 while assigning a price target of $18.

Over the week, MANU’s stock price is moving 1.67% up while it is 6.91% when we observe its performance for the past one month. Year-to-date it is -16.44% down and over the past year, the stock is showing a downside performance of -12.67%.

Currently, Manchester United Plc’s total number of outstanding shares is 53.33M. Company’s return on investment (ROI) stands at -12.78% and return on equity (ROE) at -76.36%. Stock’s beta reads 0.67. Stock has a price to book (P/B) ratio of 14.36 while price to sale or P/S ratio amounts to 3.52. Its return on asset (ROA) is -5.39% on average.