Manhattan Associates, Inc. (NASDAQ: MANH) is -3.26% lower on its value in year-to-date trading and has touched a low of $152.32 and a high of $266.94 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MANH stock was last observed hovering at around $206.32 in the last trading session, with the day’s gains setting it 1.98%.
Currently trading at $208.30, the stock is -11.92% and -15.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.74 million and changing 0.96% at the moment leaves the stock -4.03% off its SMA200. MANH registered 36.43% gain for a year compared to 6-month gain of 9.87%.
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The stock witnessed a -16.54% loss in the last 1 month and extending the period to 3 months gives it a -4.57%, and is -9.61% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.30% over the week and 2.19% over the month.
Manhattan Associates, Inc. (MANH) has around 4580 employees, a market worth around $12.83B and $962.26M in sales. Current P/E ratio is 67.92 and Fwd P/E is 46.72. Profit margin for the company is 19.91%. Distance from 52-week low is 36.75% and -21.97% from its 52-week high. The company has generated returns on investments over the last 12 months (65.74%).
The EPS is expected to grow by 4.65% this year
The shares outstanding are 61.57M, and float is at 60.78M with Short Float at 1.42%.
Manhattan Associates, Inc. (MANH) Insider Activity
The most recent transaction is an insider sale by Richards Bruce, the company’s SVP, CLO & Secretary. SEC filings show that Richards Bruce sold 4,000 shares of the company’s common stock on Mar 06 ’24 at a price of $255.67 per share for a total of $1.02 million. Following the sale, the insider now owns 30236.0 shares.
Manhattan Associates, Inc. disclosed in a document filed with the SEC on Mar 05 ’24 that Gantt James Stewart (EVP, Professional Services) sold a total of 4,000 shares of the company’s common stock. The trade occurred on Mar 05 ’24 and was made at $250.79 per share for $1.0 million. Following the transaction, the insider now directly holds 52287.0 shares of the MANH stock.
Still, SEC filings show that on Feb 29 ’24, Capel Eddie (President & CEO) disposed off 5,902 shares at an average price of $251.71 for $1.49 million. The insider now directly holds 193,089 shares of Manhattan Associates, Inc. (MANH).
