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After finishing at $9.76 in the prior trading day, Myers Industries Inc (NYSE: MYE) closed at $9.74, down -0.20%. In other words, the price has decreased by -$0.20 from its previous closing price. On the day, 0.51 million shares were traded.
Ratios:
Our goal is to gain a better understanding of MYE by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.81. 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.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 09 ’24 when Basque Dave bought 5,000 shares for $12.41 per share. The transaction valued at 62,050 led to the insider holds 39,152 shares of the business.
Basque Dave bought 5,000 shares of MYE for $60,650 on Dec 05 ’24. The Interim President & CEO now owns 34,152 shares after completing the transaction at $12.13 per share. On Dec 03 ’24, another insider, Basque Dave, who serves as the Interim President & CEO of the company, bought 5,000 shares for $11.33 each. As a result, the insider paid 56,650 and bolstered with 29,152 shares of the company.
Valuation Measures:
As of this moment, Myers’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.46, and their Forward P/E ratio for the next fiscal year is 8.32. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.44 while its Price-to-Book (P/B) ratio in mrq is 1.32.
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 $9.32. The 50-Day Moving Average of the stock is -15.09%, while the 200-Day Moving Average is calculated to be -25.44%.
Shares Statistics:
A total of 37.23M shares are outstanding, with a floating share count of 36.55M. Insiders hold about 1.91% of the company’s shares, while institutions hold 88.90% stake in the company.
