MIME stock has undergone multiple analysts rating changes in the recent past. Mimecast stock Target Raised by Barclays PLC on 10/13/2021. In a note to investors, the firm issued a new target price of $75.00. The analysts previously had $70.00 target price. Barclays PLC’s price target would indicate a potential upside of 19.24% from the stock’s previous close.
Shares of Mimecast traded up $1.57 on Tuesday, reaching $64.47. 16688 shares of the stock traded hands, compared to its average volume of 591917. On Tuesday, Shares of Mimecast closed at $64.47. The firm’s 50 day moving average is $64.40 and its 200 day moving average is $51.53.Mimecast has a 12 month low of $37.03 and a 12 month high of $71.45. While on yearly highs and lows, Mimecast today has traded high as $65.52 and has touched $64.04 on the downward trend.
Mimecast Earnings and What to expect:
Mimecast last announced its quarterly earnings results on August 3rd, 2021. The technology company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The company had revenue of $142.55 million for the quarter, compared to the consensus estimate of $138.13 million. Its revenue for the quarter was up 23.8% on a year-over-year basis. Mimecast has generated $0.49 earnings per share over the last year ($0.55 diluted earnings per share) and currently has a price-to-earnings ratio of 114.4. Earnings for Mimecast are expected to grow by 34.92% in the coming year, from $0.63 to $0.85 per share. Mimecast has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, November 1st, 2021 based off prior year’s report dates.
Earnings for Mimecast are expected to grow by 34.92% in the coming year, from $0.63 to $0.85 per share. The P/E ratio of Mimecast is 114.36, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.78. The P/E ratio of Mimecast is 114.36, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 39.01. Mimecast has a PEG Ratio of 2.86. PEG Ratios above 1 indicate that a company could be overvalued. Mimecast has a P/B Ratio of 11.21. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
Mimecast (NASDAQ:MIME) Moving Average Technical Analysis
5 day Moving Average is $$63.37 And 5 day price change is $0.77 (1.21%) with average volume for 5 day average is 311,762. While technical analysis for average 20 days shows significant difference, 20 day moving average is $64.99 and 20 day price change is -$4.37 (-6.34%) and average 20 day moving volume is 517,415. 50 day moving average is $64.40 and 50 day price change is $6.58 ( 11.34%) and with average volume for 50 days is : 942,888. 200 day moving average is $51.53 and 200 day price change is $6.46 (11.11%) and with average volume for 200 days is : 777,030.
Other owners latest trading in MIME :
- On 10/12/2021 shares held by Louisiana State Employees Retirement System were 15,600 which equates to market value of $0.99M and appx 0.00% owners of MIME
- On 10/7/2021 shares held by State of Alaska Department of Revenue were 9,638 which equates to market value of $0.61M and appx 0.00% owners of MIME
- On 10/5/2021 shares held by Woodstock Corp were 8,551 which equates to market value of $0.54M and appx 0.10% owners of MIME
- In total Institutional ownership equates to Institutional Ownership Percentage: 81.87% for MIME
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