Manhattan Associates, Inc (NASDAQ: MANH) on Monday, soared 3.69% from the previous trading day, before settling in for the closing price of $280.40. Within the past 52 weeks, MANH’s price has moved between $199.23 and $307.50.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 11.05%. The company achieved an average annual earnings per share of 23.39%. With a float of $60.38 million, this company’s outstanding shares have now reached $61.57 million.
Considering the fact that the conglomerate employs 4580 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 54.36%, operating margin of 25.35%, and the pretax margin is 25.75%.
Manhattan Associates, Inc (MANH) Insider Activity
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Manhattan Associates, Inc is 1.13%, while institutional ownership is 100.98%. The most recent insider transaction that took place on Nov 06 ’24, was worth 754,504. In this transaction Director of this company sold 2,675 shares at a rate of $282.06, taking the stock ownership to the 10,864 shares. Before that another transaction happened on Nov 06 ’24, when Company’s Officer proposed sale 2,675 for $282.06, making the entire transaction worth $754,504.
Manhattan Associates, Inc (MANH) Earnings and Forecasts
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 1.03 earnings per share (EPS) for the period topping the consensus outlook (set at 0.8) by 0.23. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.13 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 23.39% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.00% during the next five years compared to 12.35% growth over the previous five years of trading.
Manhattan Associates, Inc (NASDAQ: MANH) Trading Performance Indicators
Manhattan Associates, Inc (MANH) is currently performing well based on its current performance indicators. A quick ratio of 1.22 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 17.87. Likewise, its price to free cash flow for the trailing twelve months is 67.54.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.52, a number that is poised to hit 1.06 in the next quarter and is forecasted to reach 4.91 in one year’s time.
Technical Analysis of Manhattan Associates, Inc (MANH)
Compared to the last year’s volume of 0.42 million, its volume of 0.51 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 54.86%. Additionally, its Average True Range was 7.35.
During the past 100 days, Manhattan Associates, Inc’s (MANH) raw stochastic average was set at 81.76%, which indicates a significant decrease from 90.31% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.21% in the past 14 days, which was lower than the 34.39% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $281.33, while its 200-day Moving Average is $250.58. Nevertheless, the first resistance level for the watch stands at $294.27 in the near term. At $297.81, the stock is likely to face the second major resistance level. The third major resistance level sits at $302.27. If the price goes on to break the first support level at $286.28, it is likely to go to the next support level at $281.82. Should the price break the second support level, the third support level stands at $278.28.
Manhattan Associates, Inc (NASDAQ: MANH) Key Stats
Market capitalization of the company is 18.31 billion based on 61,075K outstanding shares. Right now, sales total 928,730 K and income totals 176,570 K. The company made 266,680 K in profit during its latest quarter, and 63,780 K in sales during its previous quarter.
