In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The price of Montrose Environmental Group Inc (NYSE: MEG) closed at $21.73 in the last session, down -7.61% from day before closing price of $23.52. In other words, the price has decreased by -$7.61 from its previous closing price. On the day, 0.63 million shares were traded. MEG stock price reached its highest trading level at $23.31 during the session, while it also had its lowest trading level at $20.55.
Ratios:
We take a closer look at MEG’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.93 and its Current Ratio is at 1.93. In the meantime, Its Debt-to-Equity ratio is 0.57 whereas as Long-Term Debt/Eq ratio is at 0.51.
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, Needham on December 19, 2024, Reiterated its Buy rating but revised its target price to $39 from $44 previously.
On November 08, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $48 to $29.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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.
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 745354176 and an Enterprise Value of 1191794560. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.11 while its Price-to-Book (P/B) ratio in mrq is 1.66. Its current Enterprise Value per Revenue stands at 1.771 whereas that against EBITDA is 34.08.
Stock Price History:
The Beta on a monthly basis for MEG is 1.75, which has changed by -0.23710674 over the last 52 weeks, in comparison to a change of 0.23883796 over the same period for the S&P500. Over the past 52 weeks, MEG has reached a high of $49.97, while it has fallen to a 52-week low of $15.21. The 50-Day Moving Average of the stock is 13.59%, while the 200-Day Moving Average is calculated to be -30.92%.
Shares Statistics:
According to the various share statistics, MEG traded on average about 656.20K shares per day over the past 3-months and 552000 shares per day over the past 10 days. A total of 34.30M shares are outstanding, with a floating share count of 29.25M. Insiders hold about 14.73% of the company’s shares, while institutions hold 100.87% stake in the company. Shares short for MEG as of 1735603200 were 3174148 with a Short Ratio of 4.84, compared to 1732838400 on 2768572. Therefore, it implies a Short% of Shares Outstanding of 3174148 and a Short% of Float of 9.92.
