Datto Holding Corp. (NYSE:MSP) has a 12-month trailing P/E ratio of 137.50. The stock’s Relative Strength Index (RSI) is 55.05, with weekly volatility at 1.91% and ATR at 0.84. The MSP stock’s 52-week price range has touched low of $22.30 and a $33.46 high. Its shares traded higher over the last trading session, gaining 0.53% on 06/02/21. The shares fell to a low of $26.15 before closing at $26.40. Intraday shares traded counted 1.24 million, which was -233.34% lower than its 30-day average trading volume of 372.19K. MSP’s previous close was $26.26 while the outstanding shares total 161.07M.
Investors have identified the Software – Application company Datto Holding Corp. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $4.22 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Datto Holding Corp. (MSP) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 213.53 million total, with 81.11 million as their total liabilities.
MSP were able to record 24.49 million as free cash flow during the 09/01/2021 quarter of the year, this saw their quarterly net cash flow reduce by -21.22 million. In cash movements, the company had a total of 35.17 million as operating cash flow.
Potential earnings growth for Datto Holding Corp. (MSP)
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 38.55 million trying to sell their products during the last quarter, with the result yielding a gross income of 106.35 million. This allows shareholders to hold on to 161.07M with the recently reported earning now reading 0.09 cents per share. This is a figure that compared to analyst’s prediction for their 09/01/2021 (0.12 cents a share).
Having a look at the company’s valuation, the company is expected to record 0.22 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on MSP sounds very interesting.
Is the stock of MSP attractive?
In related news, Chief Executive Officer, WELLER TIMOTHY sold 23,234 shares of the company’s stock in a transaction that recorded on Jun 01. The sale was performed at an average price of 26.30, for a total value of 611,054. As the sale deal closes, the Chief Technology Officer, PETROCELLI ROBERT RAYMOND now sold 500 shares of the company’s stock, valued at 13,500. Also, Chief Executive Officer, WELLER TIMOTHY sold 31,159 shares of the company’s stock in a deal that was recorded on May 28. The shares were price at an average price of 26.88 per share, with a total market value of 837,554. Following this completion of acquisition, the Chief Executive Officer, WELLER TIMOTHY now holds 45,607 shares of the company’s stock, valued at 1,214,514. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.20%.
6 out of 10 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on Datto Holding Corp.. 0 analysts has assigned a Sell rating on the MSP stock. The 12-month mean consensus price target for the company’s shares has been set at $31.56.