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The closing price of Montrose Environmental Group Inc (NYSE: MEG) was $17.89 for the day, down -4.94% from the previous closing price of $18.82. In other words, the price has decreased by -$4.94 from its previous closing price. On the day, 0.59 million shares were traded. MEG stock price reached its highest trading level at $18.95 during the session, while it also had its lowest trading level at $17.77.
Ratios:
Our analysis of MEG’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.93 and its Current Ratio is at 1.93. In the meantime, Its Debt-to-Equity ratio is 0.57 whereas as Long-Term Debt/Eq ratio is at 0.51.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on November 08, 2024, Downgraded its rating to Neutral and sets its target price to $29 from $48 previously.
On August 14, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $43.Evercore ISI initiated its Outperform rating on August 14, 2024, with a $43 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 06 ’24 when Manthripragada Vijay sold 12,500 shares for $46.51 per share. The transaction valued at 581,388 led to the insider holds 316,637 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MEG now has a Market Capitalization of 613639488 and an Enterprise Value of 998681408. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.87 while its Price-to-Book (P/B) ratio in mrq is 1.37. Its current Enterprise Value per Revenue stands at 1.484 whereas that against EBITDA is 28.558.
Stock Price History:
Over the past 52 weeks, MEG has reached a high of $49.97, while it has fallen to a 52-week low of $16.06. The 50-Day Moving Average of the stock is -26.72%, while the 200-Day Moving Average is calculated to be -49.23%.
Shares Statistics:
MEG traded an average of 652.96K shares per day over the past three months and 883850 shares per day over the past ten days. A total of 30.19M shares are outstanding, with a floating share count of 29.29M. Insiders hold about 14.62% of the company’s shares, while institutions hold 99.10% stake in the company. Shares short for MEG as of 1730332800 were 3412087 with a Short Ratio of 5.23, compared to 1727654400 on 3268739. Therefore, it implies a Short% of Shares Outstanding of 3412087 and a Short% of Float of 10.67.
