In the pursuit of market outperformance, investors navigate the landscape of stock selection. The right picks can play a pivotal role in enhancing your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
After finishing at $27.46 in the prior trading day, Montrose Environmental Group Inc (NYSE: MEG) closed at $28.00, up 1.97%. In other words, the price has increased by $1.97 from its previous closing price. On the day, 0.55 million shares were traded. MEG stock price reached its highest trading level at $28.61 during the session, while it also had its lowest trading level at $27.36.
Ratios:
Our goal is to gain a better understanding of MEG by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.82 and its Current Ratio is at 1.82. In the meantime, Its Debt-to-Equity ratio is 0.49 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, Evercore ISI on August 14, 2024, initiated with a Outperform rating and assigned the stock a target price of $43.
JP Morgan Upgraded its Neutral to Overweight on November 09, 2023, whereas the target price for the stock was revised from $46 to $41.
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 May 06 ’24 when Manthripragada Vijay sold 12,500 shares for $46.51 per share. The transaction valued at 581,388 led to the insider holds 316,637 shares of the business.
Dicks Allan bought 2,000 shares of MEG for $51,370 on Nov 10 ’23. The Chief Financial Officer now owns 264,124 shares after completing the transaction at $25.68 per share. On Nov 10 ’23, another insider, Field Janet Risi, who serves as the Director of the company, bought 500 shares for $25.25 each. As a result, the insider paid 12,628 and bolstered with 14,506 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MEG now has a Market Capitalization of 958437184 and an Enterprise Value of 1298830336. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.45 while its Price-to-Book (P/B) ratio in mrq is 2.13. Its current Enterprise Value per Revenue stands at 1.961 whereas that against EBITDA is 42.775.
Stock Price History:
Over the past 52 weeks, MEG has reached a high of $49.97, while it has fallen to a 52-week low of $21.96. The 50-Day Moving Average of the stock is -15.54%, while the 200-Day Moving Average is calculated to be -24.03%.
Shares Statistics:
The stock has traded on average 425.03K shares per day over the past 3-months and 410810 shares per day over the last 10 days, according to various share statistics. A total of 34.23M shares are outstanding, with a floating share count of 31.09M. Insiders hold about 9.17% of the company’s shares, while institutions hold 97.18% stake in the company. Shares short for MEG as of 1724976000 were 2315715 with a Short Ratio of 5.45, compared to 1722384000 on 1860734. Therefore, it implies a Short% of Shares Outstanding of 2315715 and a Short% of Float of 7.26.
