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In the latest session, Montrose Environmental Group Inc (NYSE: MEG) closed at $26.30 down -3.63% from its previous closing price of $27.29. In other words, the price has decreased by -$3.63 from its previous closing price. On the day, 2.37 million shares were traded. MEG stock price reached its highest trading level at $27.1963 during the session, while it also had its lowest trading level at $24.85.
Ratios:
For a deeper understanding of Montrose Environmental Group Inc’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 934133888 and an Enterprise Value of 1240639360. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.36 while its Price-to-Book (P/B) ratio in mrq is 2.00. Its current Enterprise Value per Revenue stands at 1.873 whereas that against EBITDA is 40.859.
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 -14.32%, while the 200-Day Moving Average is calculated to be -28.28%.
Shares Statistics:
For the past three months, MEG has traded an average of 480.22K shares per day and 746410 over the past ten days. 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 97.28% stake in the company. Shares short for MEG as of 1726185600 were 2379313 with a Short Ratio of 4.95, compared to 1723680000 on 2266683. Therefore, it implies a Short% of Shares Outstanding of 2379313 and a Short% of Float of 7.46.
