Manchester United plc (NYSE:MANU) currently has a daily average trading volume of 1.54M but it saw 1469464 shares traded on Thursday. With a market cap of 3.72B USD, stock’s current market price of $21.73 came rising about 3.03 while comparing to the previous closing price of $21.09. In past 52 weeks, the stock remained buoying in the range of price level as high as $27.34 and as low as $10.41. In the recent trading on the day, stock has struck highest price mark of $22.48 while lowest mark touched by it was $20.65.
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Taking a look at 20-day trading activity of Manchester United plc (MANU) gives us an average price of $21.95, while its current price level is -20.52% below from 52-week high level whereas it is 108.74% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $22.56 while that of 200 days or SMA-200 reads an average of $16.32. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.37% during that period while stretching the period over a month that decreases to 5.89%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 49.42 which implies that the stock is in neutral territory.
Data by FactSet Research shows that 4 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 2 analysts suggested the investors to Buy the stock while 2 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Deutsche Bank upgraded its recommendation for the stock as a “Buy” from “Hold” on March 21, 2022 while assigning a price target of $18.
Over the week, MANU’s stock price is moving 4.02% up while it is -8.93% when we observe its performance for the past one month. Year-to-date it is -6.86% down and over the past year, the stock is showing an upside performance of 73.70%.
The latest quarterly earnings report issued by the company was for quarter ended 9/29/2022, when its quarterly earnings per share (EPS) of -$0.2 beaten by the consensus estimate of -$0.13 for the same. The company is expected to be releasing its next quarterly report in 05/18/2023, for which analysts forecasted an EPS of -$0.01 while estimate for next year EPS is -$0.45. For MANU, analysts are forecasting an EPS-growth rate of -80.00% for current year and estimate for EPS growth in next year is 51.10%. In next quarter, company is expected to be making quarterly sales of $175.72 million as analysts are expecting the sales for current fiscal year at $726.66 million and seeing the company making $821.64 million in sales next year. Moreover, analysts are in estimates of $169.08 million for current-quarter revenue.
Currently, Manchester United plc’s total number of outstanding shares is 163.06M with 5.25% of that held by the insiders while 74.20% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -6.90% and return on equity (ROE) at -73.60%. Stock’s beta reads 0.68. Stock has a price to book (P/B) ratio of 29.36 while price to sale or P/S ratio amounts to 5.20. Its return on asset (ROA) is -9.40% on average.
A filing at the U.S. Securities and Exchange Commission revealed that LF Lindsell Train UK Equity Fund came shrinking its share ownership by 0.36% in the Manchester United plc (MANU) increasing its stake to 13.09% with control over 25000.0 shares in the company. As per SEC documents, LF Lindsell Train UK Equity Fund shunned 6,920,000 of company’s common stock of worth $143.59 million as per recent closing price of the stock. LF Lindsell Train UK Equity Fund is not the only institutional holder which restructured its stake in Manchester United plc, as Ariel Fund dumped 4,680,367 shares of worth $97.12 million to bring its holdings to a total of -0.42 million shares. In the most recent quarter, Finsbury Growth & Income Trust Pl came rising its stake by 0.81% in the company and now holds 2.29 million or 4.34% of the company’s stake having worth of about 47.55 million.
