Middleby Corp (NASDAQ:MIDD) currently has a daily average trading volume of 959.48K but it saw 943017 shares traded in last market. With a market cap of 7.95B USD, the company’s current market price of $148.72 came falling about -0.79 while comparing to the previous closing price of $149.91. In past 52 weeks, the stock remained buoying in the range of price level as high as $182.73 and as low as $118.41.
Taking a look at 20-day trading activity of Middleby Corp (MIDD) gives us an average price of $134.74, while its current price level is -18.61% below from 52-week high level whereas it is 25.60% 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 $143.00 while that of 200 days or SMA-200 reads an average of $143.23. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.14% during that period while stretching the period over a month that increases to 3.39%. 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 61.86 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Jefferies which downgraded the stock as “Hold” in its note to investors issued on December 12, 2024, recommending a price target of between $170 and $160 for it. JP Morgan also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $145 and $118.
Over the week, MIDD’s stock price is moving 12.98% up while it is 12.74% when we observe its performance for the past one month. Year-to-date it is 9.80% up and over the past year, the stock is showing an upside performance of 7.70%.
The company is expected to be releasing its next quarterly report in June, for which analysts forecasted an EPS of 2.32 while estimate for next year EPS is 9.62. In next quarter, company is expected to be making quarterly sales of $970.26M as analysts are expecting the sales for current fiscal year at $3.89B and seeing the company making $4.05B in sales next year. Moreover, analysts are in estimates of $980.13M for current-quarter revenue.
Currently, Middleby Corp’s total number of outstanding shares is 53.62M with 1.31% of that held by the insiders while 108.70% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 7.15% and return on equity (ROE) at 12.33%. It has a price to earnings ratio (P/E ratio) of 18.58 while having a 14.12 of forward P/E ratio. Stock’s beta reads 1.62. Stock has a price to book (P/B) ratio of 2.14 while price to sale or P/S ratio amounts to 2.06. Its return on asset (ROA) is 6.06% on average.
