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After finishing at $34.05 in the prior trading day, Methanex Corp (NASDAQ: MEOH) closed at $31.08, down -8.72%. In other words, the price has decreased by -$8.72 from its previous closing price. On the day, 0.6 million shares were traded. MEOH stock price reached its highest trading level at $33.705 during the session, while it also had its lowest trading level at $30.98.
Ratios:
Our goal is to gain a better understanding of MEOH 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 2.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.58. For the most recent quarter (mrq), Quick Ratio is recorded 2.00 and its Current Ratio is at 2.62. In the meantime, Its Debt-to-Equity ratio is 1.54 whereas as Long-Term Debt/Eq ratio is at 1.48.
On September 10, 2024, Barclays Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $56 to $44.
Piper Sandler Upgraded its Neutral to Overweight on August 07, 2024, whereas the target price for the stock was revised from $50 to $51.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MEOH now has a Market Capitalization of 2094642816 and an Enterprise Value of 4723580416. As of this moment, Methanex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.39, and their Forward P/E ratio for the next fiscal year is 6.79. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.70. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.56 while its Price-to-Book (P/B) ratio in mrq is 1.00. Its current Enterprise Value per Revenue stands at 1.27 whereas that against EBITDA is 7.143.
Stock Price History:
The Beta on a monthly basis for MEOH is 0.93, which has changed by -0.3933242 over the last 52 weeks, in comparison to a change of 0.036926866 over the same period for the S&P500. Over the past 52 weeks, MEOH has reached a high of $56.43, while it has fallen to a 52-week low of $33.96. The 50-Day Moving Average of the stock is -27.74%, while the 200-Day Moving Average is calculated to be -30.21%.
Shares Statistics:
The stock has traded on average 432.76K shares per day over the past 3-months and 376950 shares per day over the last 10 days, according to various share statistics. A total of 67.40M shares are outstanding, with a floating share count of 66.81M. Insiders hold about 0.87% of the company’s shares, while institutions hold 86.19% stake in the company. Shares short for MEOH as of 1741910400 were 669104 with a Short Ratio of 1.55, compared to 1739491200 on 544913.
Dividends & Splits
In the trailing 12 months, MEOH’s forward annual dividend rate was 0.74, compared to 0.74 this year. Against a Trailing Annual Dividend Yield of 0.021732748The stock’s 5-year Average Dividend Yield is 1.82.
