Monro Inc (NASDAQ: MNRO) is -15.68% lower on its value in year-to-date trading and has touched a low of $21.00 and a high of $33.98 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 MNRO stock was last observed hovering at around $24.70 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $24.74, the stock is -5.98% and -3.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.49 million and changing 0.16% at the moment leaves the stock -12.12% off its SMA200. MNRO registered -16.70% loss for a year compared to 6-month loss of -16.64%.
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The stock witnessed a -6.04% gain in the last 1 month and extending the period to 3 months gives it a -0.08%, and is -3.17% 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 3.27% over the week and 2.95% over the month.
Monro Inc (MNRO) has around 7660 employees, a market worth around $740.22M and $1.24B in sales. Current P/E ratio is 23.77 and Fwd P/E is 21.33. Profit margin for the company is 2.68%. Distance from 52-week low is 17.81% and -27.19% from its 52-week high. The company has generated returns on investments over the last 12 months (2.78%).
with sales reaching $299.97M over the same period.The EPS is expected to shrink by -25.26% this year, but quarterly earnings will post -5.70% year-over-year.
250.0 institutions hold shares in Monro Inc (MNRO), with institutional investors hold 112.17% of the company’s shares. The shares outstanding are 29.91M, and float is at 28.89M with Short Float at 13.75%. Institutions hold 110.54% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 4.7 million shares valued at $112.1 million. The investor’s holdings represent 15.1873 of the MNRO Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.61 million shares valued at $86.21 million to account for 11.6808 of the shares outstanding. The other top investors are T. ROWE PRICE INVESTMENT MANAGEMENT, INC. which holds 2.65 million shares representing 8.5774 and valued at over $63.31 million, while STATE STREET CORP holds 4.3115 of the shares totaling 1.33 million with a market value of $31.82 million.
Monro Inc (MNRO) Insider Activity
The most recent transaction is an insider purchase by Broderick Michael T, the company’s CEO & President. SEC filings show that Broderick Michael T bought 5,000 shares of the company’s common stock on Feb 02 ’24 at a price of $32.30 per share for a total of $0.16 million. Following the purchase, the insider now owns 90487.0 shares.
