MANH Stock Summary and Trading Ideas (Manhattan Associates | NASDAQ:MANH)

Manhattan Associates provides software that helps users manage their supply chains, inventory, and omnichannel operations. Customers are generally retailers, wholesalers, manufacturers, and logistics providers. The company was founded in 1990 and serves more than 1,200 customers around the world.

Manhattan Associates trades on the NASDAQ stock market under the symbol MANH.

As of April 18, 2024, MANH stock price climbed to $230.44 with 512,802 million shares trading.

MANH has a beta of 1.48, meaning it tends to be more sensitive to market movements. MANH has a correlation of 0.39 to the broad based SPY ETF.

MANH has a market cap of $14.19 billion. This is considered a Large Cap stock.

Last quarter Manhattan Associates reported $238 million in Revenue and $1.03 earnings per share. This beat revenue expectation by $14 million and exceeded earnings estimates by $.23.

In the last 3 years, MANH stock traded as high as $266.94 and as low as $106.02.

The top ETF exchange traded funds that MANH belongs to (by Net Assets): RAYD, VTI, IJH, VB, VXF.

MANH has outperformed the market in the last year with a return of +46.6%, while the SPY ETF gained +22.3%. In the last 3 month period, MANH beat the market returning +6.4%, while SPY returned +6.1%. However, in the most recent 2 weeks MANH has underperformed the stock market by returning -4.7%, while SPY returned -3.8%.

MANH support price is $225.36 and resistance is $231.50 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MANH stock will trade within this expected range on the day.