MBUU Stock Summary and Trading Ideas (Malibu Boats | NASDAQ:MBUU)

Malibu Boats is a leading designer and manufacturer of power boats in the United States. It is the market leader in performance sport boats, sold under its Malibu and Axis brands. It acquired Cobalt Boats, a leading producer of sterndrive boats in the U.S. in the 24-foot to 29-foot segment, and Pursuit Boats, which makes high-end offshore and outboard motorboats in 2018. In 2021, it purchased Maverick Boat Group, a leading seller of flat fishing boats, with exposure to bay, dual-console, and center-console boats. Malibu has also expanded into boat trailers and accessories, and in 2020 began producing its own engines (Monsoon) for its performance sport boats and now for Cobalt. Malibu's target market includes a wide range of water enthusiasts who embrace the active outdoor lifestyle.

Malibu Boats trades on the NASDAQ stock market under the symbol MBUU.

As of April 26, 2024, MBUU stock price climbed to $34.15 with 165,446 million shares trading.

MBUU has a beta of 1.02, meaning it tends to be more sensitive to market movements. MBUU has a correlation of 0.12 to the broad based SPY ETF.

MBUU has a market cap of $697.71 million. This is considered a Small Cap stock.

Last quarter Malibu Boats reported $211 million in Revenue and $.57 earnings per share. This fell short of revenue expectation by $-9 million and exceeded earnings estimates by $.10.

In the last 3 years, MBUU stock traded as high as $89.27 and as low as $32.90.

The top ETF exchange traded funds that MBUU belongs to (by Net Assets): VTI, IWM, VXF, AVUV, IWO.

MBUU has underperformed the market in the last year with a price return of -37.5% while the SPY ETF gained +27.4%. MBUU has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -31.7% and -11.3%, respectively, while the SPY returned +4.6% and -0.5%, respectively.

MBUU support price is $32.94 and resistance is $34.70 (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 MBUU stock will trade within this expected range on the day.