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After finishing at $22.99 in the prior trading day, Myers Industries Inc. (NYSE: MYE) closed at $18.22, down -20.75%. In other words, the price has decreased by -$20.75 from its previous closing price. On the day, 0.92 million shares were traded. MYE stock price reached its highest trading level at $20.1 during the session, while it also had its lowest trading level at $17.86.
Ratios:
Our goal is to gain a better understanding of MYE 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 22.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.61. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.55. In the meantime, Its Debt-to-Equity ratio is 0.33 whereas as Long-Term Debt/Eq ratio is at 0.22.
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 the company, TD Cowen on March 02, 2023, Downgraded its rating to Market Perform and sets its target price to $23.75 from $28.50 previously.
On December 18, 2020, KeyBanc Capital Markets Upgraded its rating to Overweight which previously was Sector Weight but kept the price unchanged to $25.
Cowen Upgraded its Market Perform to Outperform on August 27, 2019, whereas the target price for the stock was revised from $20 to $22.
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 29 ’23 when Bright Yvette Dapremont bought 1,000 shares for $18.69 per share. The transaction valued at 18,690 led to the insider holds 15,427 shares of the business.
McGaugh Michael bought 2,500 shares of MYE for $46,185 on Aug 08 ’23. The President and CEO now owns 171,296 shares after completing the transaction at $18.47 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, MYE now has a Market Capitalization of 673030400 and an Enterprise Value of 912792448. As of this moment, Myers’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.78, and their Forward P/E ratio for the next fiscal year is 10.72. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.83 while its Price-to-Book (P/B) ratio in mrq is 2.29. Its current Enterprise Value per Revenue stands at 1.123 whereas that against EBITDA is 10.739.
Stock Price History:
Over the past 52 weeks, MYE has reached a high of $23.63, while it has fallen to a 52-week low of $15.65. The 50-Day Moving Average of the stock is -15.75%, while the 200-Day Moving Average is calculated to be -4.95%.
Shares Statistics:
The stock has traded on average 269.93K shares per day over the past 3-months and 184630 shares per day over the last 10 days, according to various share statistics. A total of 36.85M shares are outstanding, with a floating share count of 36.22M. Insiders hold about 1.75% of the company’s shares, while institutions hold 91.06% stake in the company. Shares short for MYE as of 1713139200 were 540962 with a Short Ratio of 2.00, compared to 1710460800 on 801958. Therefore, it implies a Short% of Shares Outstanding of 540962 and a Short% of Float of 2.1399999999999997.
Dividends & Splits
In the trailing 12 months, MYE’s forward annual dividend rate was 0.54, compared to 0.54 this year. Against a Trailing Annual Dividend Yield of 0.023488475The stock’s 5-year Average Dividend Yield is 2.94.
