Analysts who follow Manhattan Bridge Capital Inc. (LOAN) on average expect it to rise 42.20% over the next twelve months. Those same analysts give the stock an average rating of Buy.
That average rating earns Manhattan Bridge Capital Inc. an Analyst Ranking of 39, which means it ranks higher than 39 of stocks, based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.
InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.
What’s Happening With Manhattan Bridge Capital Inc. Stock Today?
Manhattan Bridge Capital Inc. (LOAN) stock is lower by -0.26% while the S&P 500 has risen 2.16% as of 2:42 PM on Wednesday, Apr 8. LOAN is down -$0.01 from the previous closing price of $3.79 on volume of 33,004 shares. Over the past year the S&P 500 is lower by -5.61% while LOAN is down -40.38%. LOAN earned $0.47 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 8.04.