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In the latest session, Mayville Engineering Company Inc (NYSE: MEC) closed at $17.53 down -19.62% from its previous closing price of $21.81. In other words, the price has decreased by -$19.62 from its previous closing price. On the day, 0.63 million shares were traded. MEC stock price reached its highest trading level at $17.55 during the session, while it also had its lowest trading level at $15.4501.
Ratios:
For a deeper understanding of Mayville Engineering Company 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 2008.10 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.83. For the most recent quarter (mrq), Quick Ratio is recorded 0.83 and its Current Ratio is at 1.77. In the meantime, Its Debt-to-Equity ratio is 0.59 whereas as Long-Term Debt/Eq ratio is at 0.57.
On May 17, 2023, Northland Capital started tracking the stock assigning a Outperform rating and target price of $20.
Robert W. Baird Upgraded its Neutral to Outperform on November 03, 2022, whereas the target price for the stock was revised from $7 to $15.
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 Aug 23 ’24 when Raber Ryan F sold 21,508 shares for $19.15 per share. The transaction valued at 411,878 led to the insider holds 97,053 shares of the business.
Reddy Jagadeesh A bought 1,560 shares of MEC for $20,046 on Mar 15 ’24. The President & CEO now owns 1,560 shares after completing the transaction at $12.85 per share. On Nov 17 ’23, another insider, Fisher Steven L, who serves as the Director of the company, bought 3,000 shares for $12.75 each. As a result, the insider paid 38,250 and bolstered with 21,735 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, MEC now has a Market Capitalization of 361459840 and an Enterprise Value of 534243712. As of this moment, Mayville’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.01, and their Forward P/E ratio for the next fiscal year is 16.86. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.59 while its Price-to-Book (P/B) ratio in mrq is 1.52. Its current Enterprise Value per Revenue stands at 0.877 whereas that against EBITDA is 8.319.
Stock Price History:
Over the past 52 weeks, MEC has reached a high of $23.02, while it has fallen to a 52-week low of $10.75. The 50-Day Moving Average of the stock is -12.42%, while the 200-Day Moving Average is calculated to be 6.30%.
Shares Statistics:
For the past three months, MEC has traded an average of 108.84K shares per day and 128110 over the past ten days. A total of 20.31M shares are outstanding, with a floating share count of 15.72M. Insiders hold about 23.77% of the company’s shares, while institutions hold 52.81% stake in the company. Shares short for MEC as of 1728950400 were 149104 with a Short Ratio of 1.37, compared to 1726185600 on 211278. Therefore, it implies a Short% of Shares Outstanding of 149104 and a Short% of Float of 1.46.
