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After finishing at $12.56 in the prior trading day, Methode Electronics, Inc. (NYSE: MEI) closed at $11.36, down -9.55%. In other words, the price has decreased by -$9.55 from its previous closing price. On the day, 0.69 million shares were traded. MEI stock price reached its highest trading level at $12.22 during the session, while it also had its lowest trading level at $11.18.
Ratios:
Our goal is to gain a better understanding of MEI 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 3.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.83. For the most recent quarter (mrq), Quick Ratio is recorded 1.85 and its Current Ratio is at 2.74. In the meantime, Its Debt-to-Equity ratio is 0.43 whereas as Long-Term Debt/Eq ratio is at 0.42.
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:
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 Sep 21 ’23 when DUDA DONALD W bought 23,245 shares for $21.80 per share. The transaction valued at 506,636 led to the insider holds 23,245 shares of the business.
ASPATORE WALTER J bought 1,000 shares of MEI for $22,500 on Sep 20 ’23. The Director now owns 19,000 shares after completing the transaction at $22.50 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 402036064 and an Enterprise Value of 640836096. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.35 while its Price-to-Book (P/B) ratio in mrq is 0.48. Its current Enterprise Value per Revenue stands at 0.563 whereas that against EBITDA is 7.768.
Stock Price History:
Over the past 52 weeks, MEI has reached a high of $46.58, while it has fallen to a 52-week low of $11.09. The 50-Day Moving Average of the stock is -17.23%, while the 200-Day Moving Average is calculated to be -48.24%.
Shares Statistics:
The stock has traded on average 591.91K shares per day over the past 3-months and 351150 shares per day over the last 10 days, according to various share statistics. A total of 35.82M shares are outstanding, with a floating share count of 33.06M. Insiders hold about 6.59% of the company’s shares, while institutions hold 97.97% stake in the company. Shares short for MEI as of 1713139200 were 2260100 with a Short Ratio of 3.82, compared to 1710460800 on 1167135. Therefore, it implies a Short% of Shares Outstanding of 2260100 and a Short% of Float of 11.1999996.
Dividends & Splits
In the trailing 12 months, MEI’s forward annual dividend rate was 0.56, compared to 0.56 this year. Against a Trailing Annual Dividend Yield of 0.044585984The stock’s 5-year Average Dividend Yield is 1.54.
