Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Mastercraft Boat Holdings Inc before investing.

In this article, we go over a few key elements for understanding Mastercraft Boat Holdings Inc’s stock price such as:

• Mastercraft Boat Holdings Inc’s current stock price and volume
• Why Mastercraft Boat Holdings Inc’s stock price changed recently
• Upgrades and downgrades for MCFT from analysts
• MCFT’s stock price momentum as measured by its relative strength

About Mastercraft Boat Holdings Inc (MCFT)

Before we jump into Mastercraft Boat Holdings Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

MasterCraft Boat Holdings, Inc. is a designer, manufacturer and marketer of recreational powerboats through its three brands, MasterCraft, Crest and Aviara. It designs, manufactures and sells premium recreational inboard ski/wake, outboard and sterndrive boats. In addition, it offers various accessories, including trailers and aftermarket parts. The Company’s segments include MasterCraft, Crest and Aviara. MasterCraft segment consists of its MasterCraft brand, which manufactures premium ski/wake boats. The MasterCraft participates in a category within the powerboat industry by producing the industry’s premier competitive water ski, wakeboarding, and wake surfing performance boats. Crest segment consists of its Crest brand, which manufactures pontoon boats. Aviara segment consists of its Aviara brand, which manufactures luxury day boats. Aviara is a de novo brand, developed in-house, and focused on serving the luxury recreational day boat category of the powerboat industry.

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Mastercraft Boat Holdings Inc’s Stock Price as of Market Close

As of May 24, 2024, 4:00 PM, CST, Mastercraft Boat Holdings Inc’s stock price was $21.39.

Mastercraft Boat Holdings Inc is up 4.24% from its previous closing price of $20.52.

During the last market session, Mastercraft Boat Holdings Inc’s stock traded between $20.04 and $21.76. Currently, there are 16.84 million shares of Mastercraft Boat Holdings Inc stock available for purchase.

Mastercraft Boat Holdings Inc’s price-earnings (P/E) ratio is currently at 8.9, which is low compared to the Recreational Products industry median of 18.8. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Mastercraft Boat Holdings Inc Stock Price History

Mastercraft Boat Holdings Inc’s (MCFT) price is currently up 5.73% so far this month.

During the month of May, Mastercraft Boat Holdings Inc’s stock price has reached a high of $21.76 and a low of $18.01.

Over the last year, Mastercraft Boat Holdings Inc has hit prices as high as $31.70 and as low as $18.01. Year to date, Mastercraft Boat Holdings Inc’s stock is down 17.32%.

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What Caused Mastercraft Boat Holdings Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 23, 2024, there were 6 analysts who downgraded Mastercraft Boat Holdings Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Mastercraft Boat Holdings Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Mastercraft Boat Holdings Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Mastercraft Boat Holdings Inc’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Mastercraft Boat Holdings Inc (MCFT) by visiting AAII Stock Evaluator.

Relative Price Strength of Mastercraft Boat Holdings Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 23, 2024, Mastercraft Boat Holdings Inc has a weighted four-quarter relative price strength of -11.73%, which translates to a Momentum Score of 29 and is considered to be Weak.

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Mastercraft Boat Holdings Inc Stock Price: Bottom Line

As of May 24, 2024, Mastercraft Boat Holdings Inc’s stock price is $21.39, which is up 4.24% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Mastercraft Boat Holdings Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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