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Mister Car Wash Inc (MCW) Stock Could Soon Reward Patient Investors

Mister Car Wash Inc (NYSE: MCW) is -24.07% lower on its value in year-to-date trading and has touched a low of $4.80 and a high of $9.45 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 MCW stock was last observed hovering at around $6.27 in the last trading session, with the day’s gains setting it 0.29%.

Currently trading at $6.56, the stock is 2.24% and -3.48% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.34 million and changing 4.63% at the moment leaves the stock -12.17% off its SMA200. MCW registered 8.43% gain for a year compared to 6-month loss of -7.74%.

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The stock witnessed a -0.91% gain in the last 1 month and extending the period to 3 months gives it a -10.38%, and is 8.25% 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 3.59% over the week and 3.45% over the month.

Mister Car Wash Inc (MCW) has around 6600 employees, a market worth around $2.11B and $958.44M in sales. Current P/E ratio is 30.55 and Fwd P/E is 17.06. Profit margin for the company is 7.37%. Distance from 52-week low is 36.67% and -30.58% from its 52-week high. The company has generated returns on investments over the last 12 months (2.62%).

The EPS is expected to grow by 4.87% this year.

Mister Car Wash Inc (MCW) Top Institutional Holders

269.0 institutions hold shares in Mister Car Wash Inc (MCW), with institutional investors hold 107.67% of the company’s shares. The shares outstanding are 315.19M, and float is at 94.96M with Short Float at 12.79%. Institutions hold 105.27% of the Float.

The top institutional shareholder in the company is LEONARD GREEN & PARTNERS, L.P. with over 219.21 million shares valued at $1.56 billion. The investor’s holdings represent 69.4066% of the MCW Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 14.35 million shares valued at $102.19 million to account for 4.5444 of the shares outstanding. The other top investors are BROWN ADVISORY INC which holds 14.19 million shares representing 4.4914% and valued at over $101.0 million, while VANGUARD GROUP INC holds 3.4599 of the shares totaling 10.93 million with a market value of $77.8 million.

Mister Car Wash Inc (MCW) Insider Activity

The most recent transaction is an insider sale by Matheny Joseph Duane, the company’s Chief Innovation Officer. SEC filings show that Matheny Joseph Duane sold 56,988 shares of the company’s common stock on Aug 27 ’24 at a price of $6.67 per share for a total of $0.38 million. Following the sale, the insider now owns 81206.0 shares.

Still, SEC filings show that on Aug 01 ’24, Matheny Joseph Duane (Chief Innovation Officer) disposed off 900 shares at an average price of $8.00 for $7200.0. The insider now directly holds 81,206 shares of Mister Car Wash Inc (MCW).

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