Medical Properties Trust Inc. (NYSE: MPW) stock price witnessed a halt for the last three weeks after a free fall that started at the very start of August when the stock price could not sustain above a 50-day EMA after suffering rejection from the 200-day EMA. The stock price has dropped 48.6% in the period.
Moreover, the price trend analysis elaborates that the MPW stock price turned pessimistic after the last quarterly results. The company missed the Wall Street estimates and disappointed the investors and the stock price turned around. The revenues missed the estimates by 2.04% and the earnings missed the estimates by 132.15% which impacted the stock price.
Medical Properties Trust Inc. is a real estate investment trust that engages in the investment, acquisition, and development of healthcare facilities. The company holds a market capitalization of over $3.16 Billion. The price-to-earnings ratio is 45.24. The company is also one the highest dividend-yielding companies with a dividend yield of 12.10%.
Currently, the MPW stock price shows consolidation near an all-time low and has witnessed selling pressure in Friday’s session. The breakdown of the consolidation may trigger a selloff that could drag the stock price to the lower demand zones. Moreover, the breakout above the recent consolidation may add hope for the investors.
MPW stock’s option-chain analysis states that the current implied volatility in the market of MPW is 92.63% with an increment of 3.81% in the last trading session. The at-the-money strike price has 8901 open contracts on the PUT side and 1291 open contracts on the CALL side indicating the dominance of buyers at the current level.
MPW Stock Price Forecast For 2023
The average analyst price target for MPW stock in 2023 is $7.90, which represents a potential downside of 59.27% from the current price. However, there is a wide range of analyst price targets from $5.50 to $12.
The most optimistic analysts believe that MPW stock could reach $12 in 2023 indicating an upside potential of over 141.94% If the global healthcare demand grows strongly.
MPW Stock Price Showed Sharp Selling Below Key EMAs
The overall technical indicators including the RSI and MACD signal a 90% “sell” with a strong short-term outlook on maintaining the current direction.
Conclusion
MPW stock price is in a bearish trend after missing the quarterly estimates and facing rejection from the EMAs. The stock price dropped 48.6% and is consolidating near the all-time low. The breakdown or breakout of the consolidation may decide a new trend. The average analyst price target is $7.90, which is 59.27% lower than the current price. The most optimistic target is $12, which is 141.94% higher than CMP.
Technical Levels
- Support Levels: $4.96 and $4.49
- Resistance Levels: $5.50 and $6.55
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/10/14/mpw-stock-price-prediction-is-it-a-good-time-to-invest-in-mpw/