Medpace Holdings Inc (NASDAQ: MEDP) is 10.58% higher on its value in year-to-date trading and has touched a low of $268.80 and a high of $459.77 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 MEDP stock was last observed hovering at around $335.21 in the last trading session, with the day’s gains setting it 3.75%.
Currently trading at $338.96, the stock is 0.76% and 0.01% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.19 million and changing 1.12% at the moment leaves the stock -10.64% off its SMA200. MEDP registered 25.27% gain for a year compared to 6-month loss of -12.12%. The firm has a 50-day simple moving average (SMA 50) of $339.3714 and a 200-day simple moving average (SMA200) of $379.4375.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 2.79% gain in the last 1 month and extending the period to 3 months gives it a -7.37%, and is 3.95% 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 3.67% over the week and 4.05% over the month.
Medpace Holdings Inc (MEDP) has around 5900 employees, a market worth around $10.54B and $2.07B in sales. Current P/E ratio is 29.68 and Fwd P/E is 27.17. Profit margin for the company is 17.65%. Distance from 52-week low is 26.10% and -26.28% from its 52-week high. The company has generated returns on investments over the last 12 months (36.21%).
The EPS is expected to grow by 34.41% this year
767.0 institutions hold shares in Medpace Holdings Inc (MEDP), with institutional investors hold 104.53% of the company’s shares. The shares outstanding are 30.68M, and float is at 25.51M with Short Float at 4.46%. Institutions hold 85.95% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 2.58 million shares valued at $1.06 billion. The investor’s holdings represent 8.3599 of the MEDP Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.53 million shares valued at $1.04 billion to account for 8.1956 of the shares outstanding. The other top investors are WASATCH ADVISORS LP which holds 0.97 million shares representing 3.1362 and valued at over $398.38 million, while INVESCO LTD. holds 2.6164 of the shares totaling 0.81 million with a market value of $332.35 million.
Medpace Holdings Inc (MEDP) Insider Activity
The most recent transaction is an insider sale by Kraft Robert O., the company’s Director. SEC filings show that Kraft Robert O. sold 4,353 shares of the company’s common stock on Aug 22 ’24 at a price of $390.73 per share for a total of $1.7 million. Following the sale, the insider now owns 520.0 shares.
Medpace Holdings Inc disclosed in a document filed with the SEC on Aug 23 ’24 that Kraft Robert O. (Director) sold a total of 3,774 shares of the company’s common stock. The trade occurred on Aug 23 ’24 and was made at $390.73 per share for $1.47 million. Following the transaction, the insider now directly holds 520.0 shares of the MEDP stock.
Still, SEC filings show that on Aug 22 ’24, Kraft Robert O. (Director) Proposed Sale 4,353 shares at an average price of $390.73 for $1.7 million. The insider now directly holds shares of Medpace Holdings Inc (MEDP).
