Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
Montrose Environmental Group Inc (NYSE: MEG) closed the day trading at $43.27 down -9.04% from the previous closing price of $47.57. In other words, the price has decreased by -$9.04 from its previous closing price. On the day, 0.8 million shares were traded. MEG stock price reached its highest trading level at $46.59 during the session, while it also had its lowest trading level at $40.475.
Ratios:
For a better understanding of MEG, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.59 and its Current Ratio is at 1.63. In the meantime, Its Debt-to-Equity ratio is 0.83 whereas as Long-Term Debt/Eq ratio is at 0.76.
On November 09, 2023, JP Morgan Upgraded its rating to Overweight which previously was Neutral and also lowered its target price recommendation from $46 to $41.
JP Morgan Downgraded its Overweight to Neutral on March 02, 2023, while the target price for the stock was maintained at $39.
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 Nov 10 ’23 when Dicks Allan bought 2,000 shares for $25.68 per share. The transaction valued at 51,370 led to the insider holds 264,124 shares of the business.
Field Janet Risi bought 500 shares of MEG for $12,628 on Nov 10 ’23. The Director now owns 14,506 shares after completing the transaction at $25.25 per share. On Sep 12 ’23, another insider, Fernandez de Castro Jose Migue, who serves as the Director of the company, bought 10,000 shares for $32.94 each. As a result, the insider paid 329,440 and bolstered with 139,110 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, MEG now has a Market Capitalization of 1474485888 and an Enterprise Value of 1886205696. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.25 while its Price-to-Book (P/B) ratio in mrq is 4.08. Its current Enterprise Value per Revenue stands at 2.91 whereas that against EBITDA is 72.866.
Stock Price History:
The Beta on a monthly basis for MEG is 1.92, which has changed by 0.35875463 over the last 52 weeks, in comparison to a change of 0.2537824 over the same period for the S&P500. Over the past 52 weeks, MEG has reached a high of $47.94, while it has fallen to a 52-week low of $21.96. The 50-Day Moving Average of the stock is 6.34%, while the 200-Day Moving Average is calculated to be 27.36%.
Shares Statistics:
Over the past 3-months, MEG traded about 278.00K shares per day on average, while over the past 10 days, MEG traded about 322080 shares per day. A total of 33.63M shares are outstanding, with a floating share count of 31.06M. Insiders hold about 7.62% of the company’s shares, while institutions hold 79.75% stake in the company. Shares short for MEG as of 1713139200 were 777624 with a Short Ratio of 2.80, compared to 1710460800 on 758177. Therefore, it implies a Short% of Shares Outstanding of 777624 and a Short% of Float of 2.75.
Earnings Estimates
The market rating of Montrose Environmental Group Inc (MEG) is currently shaped by the ongoing analysis conducted by 3.0 analysts closely monitoring its performance.On average, analysts expect EPS of -$0.45 for the current quarter, with a high estimate of -$0.29 and a low estimate of -$0.57, while EPS last year was -$0.63. The consensus estimate for the next quarter is -$0.23, with high estimates of -$0.13 and low estimates of -$0.4.
Analysts are recommending an EPS of between -$0.45 and -$1.65 for the fiscal current year, implying an average EPS of -$1.01. EPS for the following year is -$0.07, with 4.0 analysts recommending between $1.64 and -$1.46.
Revenue Estimates
6 analysts predict $155.32M in revenue for the current quarter. It ranges from a high estimate of $154.7M to a low estimate of $151M. As of the current estimate, Montrose Environmental Group Inc’s year-ago sales were $131.43MFor the next quarter, 6 analysts are estimating revenue of $176.72M. There is a high estimate of $183.4M for the next quarter, whereas the lowest estimate is $165.39M.
A total of 6 analysts have provided revenue estimates for MEG’s current fiscal year. The highest revenue estimate was $715M, while the lowest revenue estimate was $701M, resulting in an average revenue estimate of $710.01M. In the same quarter a year ago, actual revenue was $624.21MBased on 7 analysts’ estimates, the company’s revenue will be $771.39M in the next fiscal year. The high estimate is $806.8M and the low estimate is $750M.
