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After finishing at $36.80 in the prior trading day, Methanex Corp (NASDAQ: MEOH) closed at $36.52, down -0.76%. In other words, the price has decreased by -$0.76 from its previous closing price. On the day, 0.89 million shares were traded.
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 2.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.38. 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:
As of this moment, Methanex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.73, and their Forward P/E ratio for the next fiscal year is 8.20. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 24.21. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.66 while its Price-to-Book (P/B) ratio in mrq is 1.18.
Stock Price History:
Over the past 52 weeks, MEOH has reached a high of $56.43, while it has fallen to a 52-week low of $35.67. The 50-Day Moving Average of the stock is -23.12%, while the 200-Day Moving Average is calculated to be -20.31%.
Shares Statistics:
A total of 67.40M shares are outstanding, with a floating share count of 66.86M. Insiders hold about 0.80% of the company’s shares, while institutions hold 86.42% stake in the company.
