MC Stock Summary and Trading Ideas (Moelis Class A | NYSE:MC)

Moelis & Co is an independent investment bank that provides strategic and financial advice to a diverse client base, including corporations, financial sponsors, governments, and sovereign wealth funds. The company assists its clients in achieving their strategic goals by offering comprehensive, globally integrated financial advisory services across all industry sectors. It also advises clients on their critical decisions, including mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters. it generates revenue from advisory transactions. The firm derives a majority of its revenue from the United States followed by Europe and the rest of the World.

Moelis Class A trades on the NYSE stock market under the symbol MC.

As of December 10, 2024, MC stock price declined to $73.63 with 589,822 million shares trading.

MC has a beta of 1.37, meaning it tends to be more sensitive to market movements. MC has a correlation of 0.23 to the broad based SPY ETF.

MC has a market cap of $5.20 billion. This is considered a Mid Cap stock.

Last quarter Moelis Class A reported $281 million in Revenue and $.22 earnings per share. This beat revenue expectation by $8 million and exceeded earnings estimates by $.01.

In the last 3 years, MC traded as high as $81.60 and as low as $33.12.

The top ETF exchange traded funds that MC belongs to (by Net Assets): IJR, VTI, VB, IWM, VXF.

MC has outperformed the market in the last year with a return of +41.9%, while the SPY ETF gained +32.5%. In the last 3 month period, MC beat the market returning +17.0%, while SPY returned +10.2%. However, in the most recent 2 weeks MC has underperformed the stock market by returning -4.3%, while SPY returned +0.4%.

MC support price is $74.20 and resistance is $77.01 (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 MC shares will trade within this expected range on the day.