MNRO Stock Summary and Trading Ideas (Monro | NASDAQ:MNRO)

Monro Inc is a provider automobile service stations in the United States. Through its network of company-owned service stations, Monro Muffler Brake offers maintenance, repair, tire, and fleet management services for automobiles focused largely on undercar services such as brake, steering, exhaust, drivetrain, and suspension systems. Next to service stores, the company also offers tire stores specialised in tire replacement and service.

Monro trades on the NASDAQ stock market under the symbol MNRO.

As of April 23, 2024, MNRO stock price climbed to $30.65 with 259,778 million shares trading.

MNRO has a beta of 0.88, meaning it tends to be less sensitive to market movements. MNRO has a correlation of 0.14 to the broad based SPY ETF.

MNRO has a market cap of $916.50 million. This is considered a Small Cap stock.

Last quarter Monro reported $318 million in Revenue and $.39 earnings per share. This fell short of revenue expectation by $-7 million and met earnings estimates .

In the last 3 years, MNRO stock traded as high as $72.67 and as low as $22.72.

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

MNRO has underperformed the market in the last year with a return of -34.2%, while the SPY ETF gained +24.3%. In the last 3 month period, MNRO fell short of the market, returning +2.0%, while SPY returned +4.9%. However, in the most recent 2 weeks MNRO has outperformed the stock market by returning -1.0%, while SPY returned -2.5%.

MNRO support price is $28.86 and resistance is $30.26 (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 MNRO stock will trade within this expected range on the day.