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

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

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

About Monro Inc (MNRO)

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

Monro, Inc. is an operator of retail tire and automotive repair stores in the United States. The Company offers replacement tires and tire related services, automotive undercar repair services, and a range of routine maintenance services, primarily on passenger cars, light trucks, and vans. The Company also provides other products and services for brakes; mufflers and exhaust systems, and steering, drive train, suspension, and wheel alignment. The Company’s retail tire and automotive repair stores operate primarily under the brands Monro Auto Service and Tire Centers, Tire Choice Auto Service Centers, Mr. Tire Auto Service Centers, Car-X Tire & Auto, Tire Warehouse Tires for Less, Ken Towery’s Tire & Auto Care, Mountain View Tire & Auto Service, and Tire Barn Warehouse. It has approximately 1,288 Company-operated retail stores located in 32 states and 50 Car-X franchised locations. Its subsidiaries include Monro Service Corporation; Car-X, LLC, and MNRO Holdings, LLC.

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Monro Inc’s Stock Price as of Market Close

As of September 24, 2024, 4:00 PM, CST, Monro Inc’s stock price was $28.52.

Monro Inc is up 5.05% from its previous closing price of $27.15.

During the last market session, Monro Inc’s stock traded between $26.09 and $27.23. Currently, there are 29.92 million shares of Monro Inc stock available for purchase.

Monro Inc’s price-earnings (P/E) ratio is currently at 26.1, which is high compared to the Retailers - Auto Vehicles, Parts & Service industry median of 13.4. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Monro Inc Stock Price History

Monro Inc’s (MNRO) price is currently up 5.28% so far this month.

During the month of September, Monro Inc’s stock price has reached a high of $28.63 and a low of $24.35.

Over the last year, Monro Inc has hit prices as high as $33.98 and as low as $21.00. Year to date, Monro Inc’s stock is down 36.9%.

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What Caused Monro 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 September 23, 2024, there were 2 analysts who downgraded Monro Inc’s stock and 3 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Monro 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 Monro Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Monro Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be 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 Monro Inc (MNRO) by visiting AAII Stock Evaluator.

Relative Price Strength of Monro 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 September 23, 2024, Monro Inc has a weighted four-quarter relative price strength of -3.05%, which translates to a Momentum Score of 52 and is considered to be Average.

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Monro Inc Stock Price: Bottom Line

As of September 24, 2024, Monro Inc’s stock price is $28.52, which is up 5.05% 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 Monro 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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