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The price of Myers Industries Inc (NYSE: MYE) closed at $11.70 in the last session, up 7.24% from day before closing price of $10.91. In other words, the price has increased by $7.24 from its previous closing price. On the day, 1.2 million shares were traded. MYE stock price reached its highest trading level at $11.71 during the session, while it also had its lowest trading level at $10.355.
Ratios:
We take a closer look at MYE’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.38. For the most recent quarter (mrq), Quick Ratio is recorded 1.11 and its Current Ratio is at 1.80. In the meantime, Its Debt-to-Equity ratio is 1.55 whereas as Long-Term Debt/Eq ratio is at 1.45.
On March 02, 2023, TD Cowen Downgraded its rating to Market Perform which previously was Outperform and also lowered its target price recommendation from $28.50 to $23.75.
KeyBanc Capital Markets Upgraded its Sector Weight to Overweight on December 18, 2020, while the target price for the stock was maintained at $25.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MYE now has a Market Capitalization of 435939648 and an Enterprise Value of 811500544. As of this moment, Myers’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.18, and their Forward P/E ratio for the next fiscal year is 10.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.53 while its Price-to-Book (P/B) ratio in mrq is 1.58. Its current Enterprise Value per Revenue stands at 0.985 whereas that against EBITDA is 8.323.
Stock Price History:
Over the past 52 weeks, MYE has reached a high of $23.63, while it has fallen to a 52-week low of $10.77. The 50-Day Moving Average of the stock is -8.22%, while the 200-Day Moving Average is calculated to be -27.87%.
Shares Statistics:
According to the various share statistics, MYE traded on average about 229.13K shares per day over the past 3-months and 453410 shares per day over the past 10 days. A total of 36.85M shares are outstanding, with a floating share count of 36.63M. Insiders hold about 1.70% of the company’s shares, while institutions hold 91.10% stake in the company. Shares short for MYE as of 1730332800 were 962575 with a Short Ratio of 4.20, compared to 1727654400 on 722065. Therefore, it implies a Short% of Shares Outstanding of 962575 and a Short% of Float of 3.7699999999999996.
Dividends & Splits
The forward annual dividend rate for MYE is 0.54, which was 0.54 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.04949588The stock’s 5-year Average Dividend Yield is 3.01.
