Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
As of close of business last night, Methode Electronics, Inc’s stock clocked out at $13.07, up 0.31% from its previous closing price of $13.03. In other words, the price has increased by $0.31 from its previous closing price. On the day, 0.74 million shares were traded. MEI stock price reached its highest trading level at $13.43 during the session, while it also had its lowest trading level at $12.38.
Ratios:
To gain a deeper understanding of MEI’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.73 and its Current Ratio is at 2.75. In the meantime, Its Debt-to-Equity ratio is 0.50 whereas as Long-Term Debt/Eq ratio is at 0.49.
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 this company, Jefferies on April 09, 2024, initiated with a Hold rating and assigned the stock a target price of $12.
On March 07, 2024, Sidoti Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $17.
On November 22, 2022, Jefferies started tracking the stock assigning a Buy rating and target price of $52.Jefferies initiated its Buy rating on November 22, 2022, with a $52 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 23 ’24 when LINDSEY MARY A bought 8,800 shares for $11.38 per share. The transaction valued at 100,108 led to the insider holds 25,970 shares of the business.
Blom David P bought 9,320 shares of MEI for $100,749 on Sep 18 ’24. The Director now owns 37,531 shares after completing the transaction at $10.81 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MEI now has a Market Capitalization of 466031744 and an Enterprise Value of 624095168. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.43 while its Price-to-Book (P/B) ratio in mrq is 0.62. Its current Enterprise Value per Revenue stands at 0.576 whereas that against EBITDA is 13.222.
Stock Price History:
Over the past 52 weeks, MEI has reached a high of $23.41, while it has fallen to a 52-week low of $8.54. The 50-Day Moving Average of the stock is 24.77%, while the 200-Day Moving Average is calculated to be 13.10%.
Shares Statistics:
It appears that MEI traded 441.47K shares on average per day over the past three months and 709530 shares per day over the past ten days. A total of 35.27M shares are outstanding, with a floating share count of 33.08M. Insiders hold about 7.23% of the company’s shares, while institutions hold 93.61% stake in the company. Shares short for MEI as of 1731628800 were 1634580 with a Short Ratio of 3.70, compared to 1728950400 on 1338228. Therefore, it implies a Short% of Shares Outstanding of 1634580 and a Short% of Float of 6.550000000000001.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.97.
