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After finishing at $143.50 in the prior trading day, MYR Group Inc (NASDAQ: MYRG) closed at $139.00, down -3.14%. In other words, the price has decreased by -$3.14 from its previous closing price. On the day, 0.5 million shares were traded. MYRG stock price reached its highest trading level at $144.85 during the session, while it also had its lowest trading level at $138.88.
Ratios:
Our goal is to gain a better understanding of MYRG by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.40 and its Current Ratio is at 1.40. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.09.
On December 15, 2023, Goldman started tracking the stock assigning a Buy rating and target price of $164.Goldman initiated its Buy rating on December 15, 2023, with a $164 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 Aug 23 ’23 when Swartz Richard S. Jr. sold 18,000 shares for $143.21 per share. The transaction valued at 2,577,839 led to the insider holds 118,836 shares of the business.
FRY WILLIAM sold 3,500 shares of MYRG for $507,658 on Aug 15 ’23. The VP, CLO and Secretary now owns 6,434 shares after completing the transaction at $145.05 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, MYRG now has a Market Capitalization of 2406368000 and an Enterprise Value of 2404957440. As of this moment, MYR’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.96, and their Forward P/E ratio for the next fiscal year is 18.94. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.35. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.64 while its Price-to-Book (P/B) ratio in mrq is 3.51. Its current Enterprise Value per Revenue stands at 0.659 whereas that against EBITDA is 13.182.
Stock Price History:
Over the past 52 weeks, MYRG has reached a high of $181.02, while it has fallen to a 52-week low of $110.87. The 50-Day Moving Average of the stock is -4.21%, while the 200-Day Moving Average is calculated to be -4.96%.
Shares Statistics:
The stock has traded on average 138.50K shares per day over the past 3-months and 184000 shares per day over the last 10 days, according to various share statistics. A total of 16.68M shares are outstanding, with a floating share count of 16.38M. Insiders hold about 2.30% of the company’s shares, while institutions hold 91.71% stake in the company. Shares short for MYRG as of 1721001600 were 602304 with a Short Ratio of 4.35, compared to 1718323200 on 484428. Therefore, it implies a Short% of Shares Outstanding of 602304 and a Short% of Float of 4.4799999999999995.
