Mesabi Trust (NYSE: MSB) is -0.50% lower on its value in year-to-date trading and has touched a low of $15.93 and a high of $37.00 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 MSB stock was last observed hovering at around $26.62 in the last trading session, with the day’s gains setting it 1.35%.
Currently trading at $27.97, the stock is 5.35% and 5.12% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.13 million and changing 5.07% at the moment leaves the stock 16.63% off its SMA200. MSB registered 62.00% gain for a year compared to 6-month gain of 9.39%. The firm has a 50-day simple moving average (SMA 50) of $26.6068 and a 200-day simple moving average (SMA200) of $23.98115.
The stock witnessed a 3.90% loss in the last 1 month and extending the period to 3 months gives it a -2.51%, and is 9.60% 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 4.85% over the week and 5.66% over the month.
Current P/E ratio is 3.99. Profit margin for the company is 93.80%. Distance from 52-week low is 75.58% and -24.41% from its 52-week high. The company has generated returns on investments over the last 12 months (96.41%).
57.0 institutions hold shares in Mesabi Trust (MSB), with institutional investors hold 40.91% of the company’s shares. The shares outstanding are 13.12M, and float is at 13.11M with Short Float at 3.25%. Institutions hold 40.87% of the Float.
The top institutional shareholder in the company is HORIZON KINETICS ASSET MANAGEMENT LLC with over 2.62 million shares valued at $45.18 million. The investor’s holdings represent 19.9863 of the MSB Shares outstanding. As of 2024-06-30, the second largest holder is VALUEWORKS LLC with 0.81 million shares valued at $14.0 million to account for 6.1945 of the shares outstanding. The other top investors are MOORS & CABOT, INC. which holds 0.46 million shares representing 3.5404 and valued at over $8.0 million, while BEDDOW CAPITAL MANAGEMENT INC holds 3.5237 of the shares totaling 0.46 million with a market value of $7.97 million.
