Manhattan Associates Net Worth
Manhattan Associates Net Worth Breakdown | MANH |
Manhattan Associates Net Worth Analysis
Manhattan Associates' net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including Manhattan Associates' financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of Manhattan Associates' overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform Manhattan Associates' net worth analysis. One common approach is to calculate Manhattan Associates' market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares Manhattan Associates' stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing Manhattan Associates' net worth. This approach calculates the present value of Manhattan Associates' future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of Manhattan Associates' cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate Manhattan Associates' net worth. This involves comparing Manhattan Associates' financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into Manhattan Associates' net worth relative to its peers.
Enterprise Value |
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To determine if Manhattan Associates is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Manhattan Associates' net worth research are outlined below:
Manhattan Associates generated a negative expected return over the last 90 days | |
Manhattan Associates has high historical volatility and very poor performance | |
Over 99.0% of the company shares are owned by institutional investors | |
Latest headline from finance.yahoo.com: Healthcare Supply Chain Management Market to Exceed 5 Billion by 2030 Increasing Pressure on Healthcare Providers to Improve Operational Efficiency and Profitability |
Manhattan Associates Quarterly Good Will |
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Manhattan Associates uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Manhattan Associates. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Manhattan Associates' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
30th of January 2024 Upcoming Quarterly Report | View | |
23rd of April 2024 Next Financial Report | View | |
31st of December 2023 Next Fiscal Quarter End | View | |
30th of January 2024 Next Fiscal Year End | View | |
30th of September 2023 Last Quarter Report | View | |
31st of December 2022 Last Financial Announcement | View |
Manhattan Associates Target Price Consensus
Manhattan target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Manhattan Associates' target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
10 | Strong Buy |
Most Manhattan analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Manhattan stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Manhattan Associates, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationManhattan Associates Target Price Projection
Manhattan Associates' current and average target prices are 171.08 and 302.48, respectively. The current price of Manhattan Associates is the price at which Manhattan Associates is currently trading. On the other hand, Manhattan Associates' target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Manhattan Associates Market Quote on 22nd of March 2025
Target Price
Analyst Consensus On Manhattan Associates Target Price
Know Manhattan Associates' Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Manhattan Associates is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Manhattan Associates backward and forwards among themselves. Manhattan Associates' institutional investor refers to the entity that pools money to purchase Manhattan Associates' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Kayne Anderson Rudnick Investment Management Llc | 2024-12-31 | 1.3 M | American Century Companies Inc | 2024-12-31 | 859.1 K | Ubs Group Ag | 2024-12-31 | 795.8 K | Bessemer Group Inc | 2024-12-31 | 781.4 K | Northern Trust Corp | 3124-12-31 | 761.8 K | Norges Bank | 2024-12-31 | 745.2 K | Jpmorgan Chase & Co | 2024-12-31 | 711.8 K | William Blair Investment Management, Llc | 2024-12-31 | 682 K | Brown Capital Management, Llc | 2024-12-31 | 677.8 K | Blackrock Inc | 2024-12-31 | 8.6 M | Vanguard Group Inc | 2024-12-31 | 6.7 M |
Follow Manhattan Associates' market capitalization trends
The company currently falls under 'Large-Cap' category with a current market capitalization of 10.54 B.Market Cap |
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Project Manhattan Associates' profitablity
Last Reported | Projected for Next Year | ||
Return On Tangible Assets | 0.31 | 0.18 | |
Return On Capital Employed | 0.73 | 0.77 | |
Return On Assets | 0.29 | 0.15 | |
Return On Equity | 0.73 | 0.77 |
When accessing Manhattan Associates' net worth, it's important to look at multiple sources and consider different scenarios. For example, gross profit margin measures Manhattan Associates' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Manhattan Associates' profitability and make more informed investment decisions.
Evaluate Manhattan Associates' management efficiency
Manhattan Associates has return on total asset (ROA) of 0.2285 % which means that it generated a profit of $0.2285 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.7564 %, meaning that it created $0.7564 on every $100 dollars invested by stockholders. Manhattan Associates' management efficiency ratios could be used to measure how well Manhattan Associates manages its routine affairs as well as how well it operates its assets and liabilities. As of now, Manhattan Associates' Return On Capital Employed is increasing as compared to previous years. The Manhattan Associates' current Return On Equity is estimated to increase to 0.77, while Return On Tangible Assets are projected to decrease to 0.18. As of now, Manhattan Associates' Other Current Assets are increasing as compared to previous years. The Manhattan Associates' current Total Current Assets is estimated to increase to about 528.4 M, while Net Tangible Assets are projected to decrease to under 141.2 M.Last Reported | Projected for Next Year | ||
Book Value Per Share | 4.88 | 5.12 | |
Tangible Book Value Per Share | 3.86 | 4.06 | |
Enterprise Value Over EBITDA | 61.02 | 64.07 | |
Price Book Value Ratio | 55.38 | 58.15 | |
Enterprise Value Multiple | 61.02 | 64.07 | |
Price Fair Value | 55.38 | 58.15 | |
Enterprise Value | 662.3 M | 466.4 M |
Leadership effectiveness at Manhattan Associates is a strong indicator of its financial stability. We analyze various metrics to provide insights into the stock's investment viability.
Enterprise Value Revenue 10.0226 | Revenue | Quarterly Revenue Growth 0.166 | Revenue Per Share | Return On Equity |
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Manhattan Associates insiders, such as employees or executives, is commonly permitted as long as it does not rely on Manhattan Associates' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Manhattan Associates insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Manhattan Associates Corporate Filings
F4 | 10th of March 2025 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 6th of March 2025 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
8K | 14th of February 2025 An amendment to a previously filed Form 8-K | ViewVerify |
10K | 7th of February 2025 Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance | ViewVerify |
Manhattan Associates Earnings Estimation Breakdown
The calculation of Manhattan Associates' earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Manhattan Associates is estimated to be 1.0294 with the future projection ranging from a low of 1.0 to a high of 1.06. Please be aware that this consensus of annual earnings estimates for Manhattan Associates is based on EPS before non-recurring items and includes expenses related to employee stock options.Last Reported EPS
1.00 Lowest | Expected EPS | 1.06 Highest |
Manhattan Associates Earnings Projection Consensus
Suppose the current estimates of Manhattan Associates' value are higher than the current market price of the Manhattan Associates stock. In this case, investors may conclude that Manhattan Associates is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Manhattan Associates' stock will quickly adjusts to the new information provided by the consensus estimate.
Number of Analysts | Historical Accuracy | Last Reported EPS | Estimated EPS for 31st of March 2025 | Current EPS (TTM) | |
11 | 79.38% | 1.17 | 1.0294 | 3.52 |
Manhattan Associates Earnings History
Earnings estimate consensus by Manhattan Associates analysts from Wall Street is used by the market to judge Manhattan Associates' stock performance. Investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only Manhattan Associates' upcoming profit reports and earnings-per-share forecasts but also comparing them to our different valuation methods.Manhattan Associates Quarterly Gross Profit |
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Manhattan Associates Earnings per Share Projection vs Actual
Actual Earning per Share of Manhattan Associates refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Manhattan Associates predict the company's earnings will be in the future. The higher the earnings per share of Manhattan Associates, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.Manhattan Associates Estimated Months Earnings per Share
For an investor who is primarily interested in generating an income out of investing in entities such as Manhattan Associates, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Manhattan Associates should always be considered in relation to other companies to make a more educated investment decision.Manhattan Quarterly Analyst Estimates and Surprise Metrics
Earnings surprises can significantly impact Manhattan Associates' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
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2025-01-28 | 2024-12-31 | 1.06 | 1.17 | 0.11 | 10 | ||
2024-10-22 | 2024-09-30 | 1.06 | 1.35 | 0.29 | 27 | ||
2024-07-23 | 2024-06-30 | 0.96 | 1.18 | 0.22 | 22 | ||
2024-04-23 | 2024-03-31 | 0.87 | 1.03 | 0.16 | 18 | ||
2024-01-30 | 2023-12-31 | 0.8 | 1.03 | 0.23 | 28 | ||
2023-10-24 | 2023-09-30 | 0.76 | 1.05 | 0.29 | 38 | ||
2023-07-25 | 2023-06-30 | 0.72 | 0.88 | 0.16 | 22 | ||
2023-04-25 | 2023-03-31 | 0.64 | 0.8 | 0.16 | 25 | ||
2023-02-02 | 2022-12-31 | 0.5 | 0.81 | 0.31 | 62 | ||
2022-10-25 | 2022-09-30 | 0.57 | 0.66 | 0.09 | 15 | ||
2022-07-26 | 2022-06-30 | 0.54 | 0.69 | 0.15 | 27 | ||
2022-04-26 | 2022-03-31 | 0.45 | 0.6 | 0.15 | 33 | ||
2022-02-01 | 2021-12-31 | 0.39 | 0.48 | 0.09 | 23 | ||
2021-10-26 | 2021-09-30 | 0.54 | 0.71 | 0.17 | 31 | ||
2021-07-27 | 2021-06-30 | 0.43 | 0.61 | 0.18 | 41 | ||
2021-04-27 | 2021-03-31 | 0.32 | 0.43 | 0.11 | 34 | ||
2021-02-02 | 2020-12-31 | 0.32 | 0.45 | 0.13 | 40 | ||
2020-10-22 | 2020-09-30 | 0.39 | 0.51 | 0.12 | 30 | ||
2020-07-23 | 2020-06-30 | 0.34 | 0.4 | 0.06 | 17 | ||
2020-04-21 | 2020-03-31 | 0.33 | 0.4 | 0.07 | 21 | ||
2020-02-04 | 2019-12-31 | 0.31 | 0.4 | 0.09 | 29 | ||
2019-10-22 | 2019-09-30 | 0.36 | 0.51 | 0.15 | 41 | ||
2019-07-23 | 2019-06-30 | 0.35 | 0.42 | 0.07 | 20 | ||
2019-04-23 | 2019-03-31 | 0.34 | 0.41 | 0.07 | 20 | ||
2019-02-05 | 2018-12-31 | 0.37 | 0.46 | 0.09 | 24 | ||
2018-10-23 | 2018-09-30 | 0.4 | 0.49 | 0.09 | 22 | ||
2018-07-24 | 2018-06-30 | 0.41 | 0.47 | 0.06 | 14 | ||
2018-04-24 | 2018-03-31 | 0.31 | 0.37 | 0.06 | 19 | ||
2018-02-06 | 2017-12-31 | 0.45 | 0.45 | 0.0 | 0 | ||
2017-10-24 | 2017-09-30 | 0.49 | 0.51 | 0.02 | 4 | ||
2017-07-20 | 2017-06-30 | 0.48 | 0.5 | 0.02 | 4 | ||
2017-04-20 | 2017-03-31 | 0.38 | 0.42 | 0.04 | 10 | ||
2017-01-31 | 2016-12-31 | 0.43 | 0.46 | 0.03 | 6 | ||
2016-10-18 | 2016-09-30 | 0.46 | 0.5 | 0.04 | 8 | ||
2016-07-19 | 2016-06-30 | 0.44 | 0.49 | 0.05 | 11 | ||
2016-04-19 | 2016-03-31 | 0.39 | 0.42 | 0.03 | 7 | ||
2016-02-02 | 2015-12-31 | 0.35 | 0.39 | 0.04 | 11 | ||
2015-10-20 | 2015-09-30 | 0.36 | 0.42 | 0.06 | 16 | ||
2015-07-21 | 2015-06-30 | 0.33 | 0.37 | 0.04 | 12 | ||
2015-04-21 | 2015-03-31 | 0.29 | 0.34 | 0.05 | 17 | ||
2015-02-03 | 2014-12-31 | 0.28 | 0.3 | 0.02 | 7 | ||
2014-10-21 | 2014-09-30 | 0.29 | 0.32 | 0.03 | 10 | ||
2014-07-22 | 2014-06-30 | 0.27 | 0.29 | 0.02 | 7 | ||
2014-04-22 | 2014-03-31 | 0.21 | 0.26 | 0.05 | 23 | ||
2014-02-04 | 2013-12-31 | 0.22 | 0.24 | 0.02 | 9 | ||
2013-10-22 | 2013-09-30 | 0.21 | 0.26 | 0.05 | 23 | ||
2013-07-23 | 2013-06-30 | 0.21 | 0.24 | 0.03 | 14 | ||
2013-04-23 | 2013-03-31 | 0.17 | 0.19 | 0.02 | 11 | ||
2013-01-29 | 2012-12-31 | 0.17 | 0.18 | 0.01 | 5 | ||
2012-10-16 | 2012-09-30 | 0.17 | 0.19 | 0.02 | 11 | ||
2012-07-24 | 2012-06-30 | 0.16 | 0.19 | 0.03 | 18 | ||
2012-04-24 | 2012-03-31 | 0.13 | 0.15 | 0.02 | 15 | ||
2012-01-31 | 2011-12-31 | 0.12 | 0.15 | 0.03 | 25 | ||
2011-10-18 | 2011-09-30 | 0.12 | 0.17 | 0.05 | 41 | ||
2011-07-19 | 2011-06-30 | 0.11 | 0.16 | 0.05 | 45 | ||
2011-04-19 | 2011-03-31 | 0.1 | 0.1 | 0.0 | 0 | ||
2011-02-01 | 2010-12-31 | 0.08 | 0.08 | 0.0 | 0 | ||
2010-10-19 | 2010-09-30 | 0.07 | 0.08 | 0.01 | 14 | ||
2010-07-20 | 2010-06-30 | 0.07 | 0.1 | 0.03 | 42 | ||
2010-04-20 | 2010-03-31 | 0.05 | 0.09 | 0.04 | 80 | ||
2010-02-02 | 2009-12-31 | 0.07 | 0.08 | 0.01 | 14 | ||
2009-10-20 | 2009-09-30 | 0.04 | 0.11 | 0.07 | 175 | ||
2009-07-21 | 2009-06-30 | 0.03 | 0.04 | 0.01 | 33 | ||
2009-04-21 | 2009-03-31 | 0.01 | 0.02 | 0.01 | 100 | ||
2009-02-10 | 2008-12-31 | 0.07 | 0.07 | 0.0 | 0 | ||
2008-10-21 | 2008-09-30 | 0.1 | 0.09 | -0.01 | 10 | ||
2008-07-22 | 2008-06-30 | 0.1 | 0.11 | 0.01 | 10 | ||
2008-04-22 | 2008-03-31 | 0.07 | 0.09 | 0.02 | 28 | ||
2008-02-05 | 2007-12-31 | 0.1 | 0.09 | -0.01 | 10 | ||
2007-10-23 | 2007-09-30 | 0.08 | 0.09 | 0.01 | 12 | ||
2007-07-24 | 2007-06-30 | 0.09 | 0.09 | 0.0 | 0 | ||
2007-04-25 | 2007-03-31 | 0.06 | 0.06 | 0.0 | 0 | ||
2007-02-07 | 2006-12-31 | 0.07 | 0.08 | 0.01 | 14 | ||
2006-10-24 | 2006-09-30 | 0.06 | 0.07 | 0.01 | 16 | ||
2006-07-25 | 2006-06-30 | 0.07 | 0.09 | 0.02 | 28 | ||
2006-04-25 | 2006-03-31 | 0.04 | 0.04 | 0.0 | 0 | ||
2006-02-07 | 2005-12-31 | 0.06 | 0.06 | 0.0 | 0 | ||
2005-10-25 | 2005-09-30 | 0.05 | 0.05 | 0.0 | 0 | ||
2005-07-26 | 2005-06-30 | 0.06 | 0.06 | 0.0 | 0 | ||
2005-04-26 | 2005-03-31 | 0.04 | 0.05 | 0.01 | 25 | ||
2005-02-08 | 2004-12-31 | 0.05 | 0.05 | 0.0 | 0 | ||
2004-10-20 | 2004-09-30 | 0.04 | 0.04 | 0.0 | 0 | ||
2004-07-28 | 2004-06-30 | 0.06 | 0.06 | 0.0 | 0 | ||
2004-04-22 | 2004-03-31 | 0.05 | 0.05 | 0.0 | 0 | ||
2004-02-10 | 2003-12-31 | 0.06 | 0.06 | 0.0 | 0 | ||
2003-10-28 | 2003-09-30 | 0.06 | 0.05 | -0.01 | 16 | ||
2003-07-22 | 2003-06-30 | 0.05 | 0.05 | 0.0 | 0 | ||
2003-04-22 | 2003-03-31 | 0.04 | 0.04 | 0.0 | 0 | ||
2003-02-11 | 2002-12-31 | 0.06 | 0.06 | 0.0 | 0 | ||
2002-10-23 | 2002-09-30 | 0.05 | 0.05 | 0.0 | 0 | ||
2002-07-25 | 2002-06-30 | 0.05 | 0.05 | 0.0 | 0 | ||
2002-04-24 | 2002-03-31 | 0.05 | 0.05 | 0.0 | 0 | ||
2002-02-07 | 2001-12-31 | 0.05 | 0.05 | 0.0 | 0 | ||
2001-10-18 | 2001-09-30 | 0.04 | 0.05 | 0.01 | 25 | ||
2001-07-19 | 2001-06-30 | 0.05 | 0.05 | 0.0 | 0 | ||
2001-04-26 | 2001-03-31 | 0.04 | 0.04 | 0.0 | 0 | ||
2001-01-30 | 2000-12-31 | 0.04 | 0.04 | 0.0 | 0 | ||
2000-10-24 | 2000-09-30 | 0.01 | 0.04 | 0.03 | 300 | ||
2000-07-18 | 2000-06-30 | 0.02 | 0.04 | 0.02 | 100 | ||
2000-04-19 | 2000-03-31 | 0.01 | 0.03 | 0.02 | 200 | ||
1999-04-26 | 1999-03-31 | 0.02 | 0.0025 | -0.0175 | 87 | ||
1999-01-26 | 1998-12-31 | 0.02 | 0.02 | 0.0 | 0 | ||
1998-10-26 | 1998-09-30 | 0.02 | 0.02 | 0.0 | 0 | ||
1998-07-28 | 1998-06-30 | 0.02 | 0.02 | 0.0 | 0 |
Manhattan Associates Corporate Management
Bruce Richards | Chief Legal Officer, Sr. VP and Secretary | Profile | |
Ann Ruckstuhl | Senior Officer | Profile | |
Henri Seroux | Senior EMEA | Profile | |
Suzanne Hough | Senior Officer | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Manhattan Associates. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in Manhattan Stock please use our How to Invest in Manhattan Associates guide.You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Manhattan Associates. If investors know Manhattan will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Manhattan Associates listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 3.52 | Revenue Per Share | Quarterly Revenue Growth 0.166 | Return On Assets | Return On Equity |
The market value of Manhattan Associates is measured differently than its book value, which is the value of Manhattan that is recorded on the company's balance sheet. Investors also form their own opinion of Manhattan Associates' value that differs from its market value or its book value, called intrinsic value, which is Manhattan Associates' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Manhattan Associates' market value can be influenced by many factors that don't directly affect Manhattan Associates' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Manhattan Associates' value and its price as these two are different measures arrived at by different means. Investors typically determine if Manhattan Associates is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Manhattan Associates' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.