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After finishing at $9.23 in the prior trading day, Methode Electronics, Inc (NYSE: MEI) closed at $8.72, down -5.53%. In other words, the price has decreased by -$5.53 from its previous closing price. On the day, 0.79 million shares were traded. MEI stock price reached its highest trading level at $9.265 during the session, while it also had its lowest trading level at $8.7.
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 2.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.19. For the most recent quarter (mrq), Quick Ratio is recorded 1.50 and its Current Ratio is at 2.35. 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 23 ’24 when LINDSEY MARY A bought 8,800 shares for $11.38 per share. The transaction valued at 100,108 led to the insider holds 25,970 shares of the business.
Blom David P bought 9,320 shares of MEI for $100,749 on Sep 18 ’24. The Director now owns 37,531 shares after completing the transaction at $10.81 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 325311808 and an Enterprise Value of 522236928. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.28 while its Price-to-Book (P/B) ratio in mrq is 0.41. Its current Enterprise Value per Revenue stands at 0.482 whereas that against EBITDA is 11.064.
Stock Price History:
Over the past 52 weeks, MEI has reached a high of $25.34, while it has fallen to a 52-week low of $8.54. The 50-Day Moving Average of the stock is -17.25%, while the 200-Day Moving Average is calculated to be -32.94%.
Shares Statistics:
The stock has traded on average 385.45K shares per day over the past 3-months and 384070 shares per day over the last 10 days, according to various share statistics. A total of 35.30M shares are outstanding, with a floating share count of 32.76M. Insiders hold about 7.06% of the company’s shares, while institutions hold 97.36% stake in the company. Shares short for MEI as of 1728950400 were 1338228 with a Short Ratio of 3.47, compared to 1726185600 on 1761113. Therefore, it implies a Short% of Shares Outstanding of 1338228 and a Short% of Float of 5.3600002.
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 0.060671724The stock’s 5-year Average Dividend Yield is 1.82.
