Mimecast Limited (MIME) Stock: Here’s What’s Happening

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Mimecast Limited (MIME) is gaining in the market in today’s trading session. The company, focused on the technology industry, is presently trading at $43.20 after gaining 11.37% so far today. When it comes to tech companies, there are a number of factors that have the potential to cause price movement in the market. News is one of the most common reasons for movement. Here are the most recent trending headlines centered around MIME:

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Nov-08-19 02:45AM Edited Transcript of MIME earnings conference call or presentation 7-Nov-19 9:30pm GMT
Nov-07-19 04:10PM Mimecast Announces Second Quarter 2020 Financial Results
05:30AM Mimecast Hires New Talent to Help Drive Next Phase of Growth
Nov-05-19 04:00AM Mimecast opens new London headquarters in Broadgate
Oct-31-19 10:34AM Mimecast (MIME) Earnings Expected to Grow: Should You Buy?

However, when making an investing decision, prospective investors should look into much more than news, this is especially the case in the ever changing tech industry. Here’s what’s going on with Mimecast Limited.

What We’ve Seen From MIME

Although a single session gain, like what we’re seeing from Mimecast Limited may make some investors excited, a single session gain alone should not be the basis of a decision to, or not to, buy a company’s stock. It’s generally smart to look into trends just a single trading day. As it relates to MIME, here are the returns that investors have experienced:

  • Past 5 Trading Sessions – Over the past seven days, MIME has produced a change in value that amounts to 7.17%.
  • Monthly – The performance from Mimecast Limited in the last 30 days works out to 15.14%.
  • Past Three Months – Throughout the past quarter, the stock has produced a return that works out to 0.91%
  • Past 6 Months – Throughout the previous six months, we have seen a performance of -8.96% from the company.
  • This Year So Far – Since the the first trading session of this year MIME has produced a ROI of 28.46%.
  • Annually – Lastly, over the past year, investors have seen movement that comes to 21.76% out of MIME. Over this period, the stock has traded at a high of -20.84% and a low price of 45.63%.

Key Ratios

Digging into various key ratios associated with a stock generally gives prospective investors a look of how risky and/or potentially profitable a pick may be. Here are a few of the important ratios to think about when digging into MIME.

Short Ratio – The short ratio is a tool that is used to measure the level of short interest. The higher this ratio, the more investors believe that the value of the stock is going to go down. Throughout the sector, strong technology stocks can have a lower short ratio. On the other hand, we also tend to see a lot of short squeezes in the space. Nonetheless, in regard to Mimecast Limited, the stock’s short ratio amounts to 1.70.

Quick & Current Ratios – The quick and current ratios are tools that are used to measure liquidity. Essentially, they measure whether or not a company can pay for its debts when they come due based on current assets or quick assets. In the tech sector, several companies are heavily reliant on continued investor support as they work to bring new technologies to market, these ratios can seem upsetting. Nonetheless, several better companies in the technology sector do have great quick and current ratios. As it relates to MIME, the quick and current ratios come to 1.20 and 1.20 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the book value of assets owned by the company. In the case of Mimecast Limited, that ratio equates to 3.11.

Cash To Share Value – Finally, the cash to share value comparison compares the total amount of cash the company has on hand to the value of shares. In this case, the cash to share value ratio is 3.20.

Moves From Big Money Players

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in MIME, here’s what we’re seeing:

  • Institutional Investors – As it stands now, institutional investors own 78.50% of MIME. On the other hand, it is worth mentioning that institutional ownership has seen a move in the amount of 1.61% over the last 3 months.
  • Insider Moves – As far as insiders go, those close to the situation currently own 3.20% of Mimecast Limited. Insider ownership of the company has seen a move of -31.72% throughout the last quarter.

How Analysts Feel About Mimecast Limited

While it’s not a smart idea to blindly follow the thoughts of analysts, it is a smart idea to use their opinions when validating your own opinions before making investment decisions in the technology sector. Below are the most recent moves that we have seen from analysts as it relates to MIME.

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Nov-08-19 Reiterated BMO Capital Markets Outperform $53
Nov-08-19 Downgrade Dougherty & Company Buy → Neutral
Aug-22-19 Initiated Rosenblatt Buy
May-31-19 Initiated Berenberg Buy
May-23-19 Initiated Cowen Outperform $60

What We’ve Seen In Financial Results

What have ween seen from MIME in terms of financial results?Here’s what you need to know:

  • Analyst Expectations – Currently, Wall St. analysts expect that Mimecast Limited will create EPS that comes to 0.67, with 0.11 being announced in the next financial report. Although this data isn’t earnings driven, since we are chatting on the topic of Wall Street analysts, Mimecast Limited is currently rated a 1.80 considering a scale that ranges from 1 to 5 on which 1 is the poorest Wall St. analyst rating and 5 is the best rating.
  • 5-Year Sales – In the last half decade, Mimecast Limited has reported a change in sales that comes to a total of 31.00%. Earnings per diluted share through the period have seen movement in the amount of 17.90%.
  • Quarter Over Quarter – In terms of quarter over quarter earnings performance, or Q/Q data as it is often represented in the world of humans, MIME has seen a earnings change by -11.30%. The company has also experienced movement in regard to sales volume that totals 26.50%.

What’s Going On With Share Counts?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 61.44M shares of Mimecast Limited outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, MIME has a float of 55.56M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to MIME, the short percent of the float is 1.75%.

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