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After finishing at $103.00 in the prior trading day, Mastec Inc. (NYSE: MTZ) closed at $101.00, down -1.94%. In other words, the price has decreased by -$1.94 from its previous closing price. On the day, 1.08 million shares were traded. MTZ stock price reached its highest trading level at $103.49 during the session, while it also had its lowest trading level at $100.79.
Ratios:
Our goal is to gain a better understanding of MTZ by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 32.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.05. For the most recent quarter (mrq), Quick Ratio is recorded 1.27 and its Current Ratio is at 1.31. In the meantime, Its Debt-to-Equity ratio is 1.18 whereas as Long-Term Debt/Eq ratio is at 1.06.
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, TD Cowen on May 06, 2024, Reiterated its Buy rating but revised its target price to $110 from $105 previously.
On March 14, 2024, Truist started tracking the stock assigning a Hold rating and target price of $96.
Craig Hallum Upgraded its Hold to Buy on March 04, 2024, whereas the target price for the stock was revised from $50 to $96.
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 22 ’24 when Campbell C Robert sold 2,000 shares for $110.00 per share. The transaction valued at 220,000 led to the insider holds 50,725 shares of the business.
Campbell C Robert sold 3,000 shares of MTZ for $324,000 on May 14 ’24. The Director now owns 52,289 shares after completing the transaction at $108.00 per share. On May 14 ’24, another insider, Palomarez Javier Alberto, who serves as the Director of the company, sold 650 shares for $108.00 each. As a result, the insider received 70,200 and left with 10,016 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, MTZ now has a Market Capitalization of 8184222208 and an Enterprise Value of 10787943424. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.66 while its Price-to-Book (P/B) ratio in mrq is 3.00. Its current Enterprise Value per Revenue stands at 0.892 whereas that against EBITDA is 13.181.
Stock Price History:
The Beta on a monthly basis for MTZ is 1.66, which has changed by -0.12953544 over the last 52 weeks, in comparison to a change of 0.23886502 over the same period for the S&P500. Over the past 52 weeks, MTZ has reached a high of $123.33, while it has fallen to a 52-week low of $44.65. The 50-Day Moving Average of the stock is -3.03%, while the 200-Day Moving Average is calculated to be 26.37%.
Shares Statistics:
The stock has traded on average 776.78K shares per day over the past 3-months and 968060 shares per day over the last 10 days, according to various share statistics. A total of 79.28M shares are outstanding, with a floating share count of 61.66M. Insiders hold about 22.40% of the company’s shares, while institutions hold 75.55% stake in the company. Shares short for MTZ as of 1718323200 were 2886539 with a Short Ratio of 3.72, compared to 1715731200 on 3218768. Therefore, it implies a Short% of Shares Outstanding of 2886539 and a Short% of Float of 4.62.
