Middleby Corp (NASDAQ:MIDD) currently has a daily average trading volume of 600.53K but it saw 420984 shares traded in last market. With a market cap of 7.63B USD, the company’s current market price of $141.75 came falling about -0.30 while comparing to the previous closing price of $142.18. In past 52 weeks, the stock remained buoying in the range of price level as high as $161.01 and as low as $118.41. In the recent trading on the day, stock has struck highest price mark of $141.52 while lowest mark touched by it was $145.88.
Taking a look at 20-day trading activity of Middleby Corp (MIDD) gives us an average price of $138.20, while its current price level is -11.96% below from 52-week high level whereas it is 19.71% 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 $138.05 while that of 200 days or SMA-200 reads an average of $138.23. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.10% during that period while stretching the period over a month that decreases to 2.66%. 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 55.01 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 4.44% up while it is 2.72% when we observe its performance for the past one month. Year-to-date it is -3.68% down and over the past year, the stock is showing an upside performance of 13.92%.
Currently, Middleby Corp’s total number of outstanding shares is 53.60M. Company’s return on investment (ROI) stands at 6.59% and return on equity (ROE) at 11.73%. It has a price to earnings ratio (P/E ratio) of 19.53 while having a 14.12 of forward P/E ratio. Stock’s beta reads 1.60. Stock has a price to book (P/B) ratio of 2.12 while price to sale or P/S ratio amounts to 1.97. Its return on asset (ROA) is 5.56% on average.
