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.
In the latest session, Montrose Environmental Group Inc (NYSE: MEG) closed at $16.54 down -4.12% from its previous closing price of $17.25. In other words, the price has decreased by -$4.12 from its previous closing price. On the day, 0.75 million shares were traded.
Ratios:
For a deeper understanding of Montrose Environmental Group Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 43.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 631.09. For the most recent quarter (mrq), Quick Ratio is recorded 1.50 and its Current Ratio is at 1.50. In the meantime, Its Debt-to-Equity ratio is 0.52 whereas as Long-Term Debt/Eq ratio is at 0.46.
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:
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.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.82 while its Price-to-Book (P/B) ratio in mrq is 1.27.
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 $15.21. The 50-Day Moving Average of the stock is -17.04%, while the 200-Day Moving Average is calculated to be -40.72%.
Shares Statistics:
A total of 34.31M shares are outstanding, with a floating share count of 30.14M. Insiders hold about 12.24% of the company’s shares, while institutions hold 100.12% stake in the company.
