Is Mobile TeleSystems Public Joint Stock Company (MBT) Trapped in Panic-Prone Spiral?

On December 03, 2019, Mobile TeleSystems Public Joint Stock Company (NYSE:MBT) shares lost -0.42% or -0.04 points to close at $9.38 with a heavy trading volume of 3.694 million shares. It opened the trading session at $9.4, the shares rose to $9.44 and dropped to $9.28, the range by which the price of stock traded the whole day. The company now has a market cap of $9.51 billion and currently has 1.01 billion outstanding shares. Mobile TeleSystems Public Joint Stock Company (MBT) stock has accumulated 2.74 percent of market value in 21 trading days.

MBT stock’s trailing 3-year beta is 1.04, meaning there will be a greater rate of return, although posing a higher risk. The part of a firm’s profit given to each outstanding share of regular stock was $1.11 share in the trailing 52 weeks. The stock’s value surged 34 percent year to date (YTD) compared to a rise of 26.59 percent in 52 week’s period. The firm’s shares are still trading -3.3 percent below its 1-year high of $9.70 and 41.27 percent up from 52-week low of $6.64. The average consensus ranking on the company is 2.1, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a sell.

Mobile TeleSystems Public Joint Stock Company (MBT) is most likely going to rise 10.98 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $771.24-month high price target. This represents a whopping 8122.17 percent increase from the current trading of shares. The 52-week median price target given by the analysts is $683.53, which means a return possibility of 7187.1 percent in comparison with the closing price of the stock of $9.38 on December 03. The lowest price set for the stock is $587.9 — just above 6167.59 percent from MBT share price now.

Past records have indicated that shares in Mobile TeleSystems Public Joint Stock Company rose on 14 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings. Investors will get the next hint of MBT’s Q4 earnings on March 24. Analysts are predicting revenue to climb 7.9 percent to $2.07B in the financial fourth quarter, while EPS will soar by about -3.33 percent to $0.29 per share. In the last quarter, it earnings of $0.324955111070722 per share came better than the $0.196100282000563, adjusted, expected by Thomson Reuters consensus estimate. Revenue for the quarter was $2.1B. Earnings are seen to rise by 25.6 percent this year, 3.34 percent in the coming year and the trend continues by 0.08 percent every year in the next 5 years.

The stock is lingering around the initial support level of $9.29. After this, the following support is at the zone of $9.21. Up until the time the MBT stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 56.79 on the daily chart, and this may be a cause for concern. In case the price goes below $9.21 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $9.45 level may cause a pull-back move approaching $9.53 mark.

Mobile TeleSystems Public Joint Stock Company (MBT) shares are trading at a P/E ratio of 8.7 times earnings posted in the trailing 12 months. The industry MBT deals with has an average P/E of 24.8. Its P/B ratio is standing at 12.4X compared to the 1.6 industry average. It is additionally sporting a 1.1 on the Price-to-Sales ratio, compared to the industry’s P/S average of 1.3. Mobile TeleSystems Public Joint Stock Company has a 62.8% gross profit margin, with its operating margin around 24.2%. Alongside this, the company’s net profit margin currently stands at 12.4%.