Manhattan Associates, Inc. (NASDAQ: MANH) is 14.65% higher on its value in year-to-date trading and has touched a low of $182.97 and a high of $266.94 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MANH stock was last observed hovering at around $249.83 in the last trading session, with the day’s loss setting it -2.96%.
Currently trading at $246.87, the stock is 3.21% and 6.78% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing -1.18% at the moment leaves the stock 8.77% off its SMA200. MANH registered 27.70% gain for a year compared to 6-month gain of 11.63%.
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The stock witnessed a 2.96% loss in the last 1 month and extending the period to 3 months gives it a 19.65%, and is 12.70% up 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 3.85% over the week and 3.01% over the month.
Manhattan Associates, Inc. (MANH) has around 4580 employees, a market worth around $15.20B and $996.57M in sales. Current P/E ratio is 75.19 and Fwd P/E is 51.65. Profit margin for the company is 20.54%. Distance from 52-week low is 34.92% and -7.52% from its 52-week high. The company has generated returns on investments over the last 12 months (70.24%).
The EPS is expected to grow by 12.93% this year
The shares outstanding are 61.57M, and float is at 60.87M with Short Float at 2.89%.
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).