Medifast Inc (NYSE: MED) is -32.35% lower on its value in year-to-date trading and has touched a low of $11.88 and a high of $36.29 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 MED stock was last observed hovering at around $12.15 in the last trading session, with the day’s loss setting it -0.23%.
Currently trading at $11.92, the stock is -9.80% and -15.21% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.13 million and changing -1.89% at the moment leaves the stock -31.26% off its SMA200. MED registered -63.04% loss for a year compared to 6-month loss of -33.03%. The firm has a 50-day simple moving average (SMA 50) of $14.0588 and a 200-day simple moving average (SMA200) of $17.33955.
The stock witnessed a -15.70% gain in the last 1 month and extending the period to 3 months gives it a -23.59%, and is -9.28% 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 4.27% over the week and 4.50% over the month.
Medifast Inc (MED) has around 504 employees, a market worth around $130.37M and $602.46M in sales. Current P/E ratio is 63.00. Profit margin for the company is 0.35%. Distance from 52-week low is 0.34% and -67.16% from its 52-week high. The company has generated returns on investments over the last 12 months (0.95%).
with sales reaching $110.1M over the same period.The EPS is expected to shrink by -157.07% this year, but quarterly earnings will post -32.59% year-over-year. Quarterly sales are estimated to shrink -36.99% in year-over-year returns.
182.0 institutions hold shares in Medifast Inc (MED), with institutional investors hold 86.49% of the company’s shares. The shares outstanding are 10.94M, and float is at 10.48M with Short Float at 13.19%. Institutions hold 83.19% of the Float.
The top institutional shareholder in the company is RENAISSANCE TECHNOLOGIES LLC with over 0.96 million shares valued at $20.92 million. The investor’s holdings represent 8.7648 of the MED Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 0.83 million shares valued at $18.09 million to account for 7.5816 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 0.72 million shares representing 6.6135 and valued at over $15.78 million, while MILLENNIUM MANAGEMENT LLC holds 4.2902 of the shares totaling 0.47 million with a market value of $10.24 million.
