In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
As of close of business last night, Montrose Environmental Group Inc’s stock clocked out at $16.47, down -2.49% from its previous closing price of $16.89. In other words, the price has decreased by -$2.49 from its previous closing price. On the day, 0.71 million shares were traded. MEG stock price reached its highest trading level at $17.56 during the session, while it also had its lowest trading level at $15.87.
Ratios:
To gain a deeper understanding of MEG’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 43.71 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 628.42. For the most recent quarter (mrq), Quick Ratio is recorded 1.50 and its Current Ratio is at 1.50. In the meantime, Its Debt-to-Equity ratio is 0.52 whereas as Long-Term Debt/Eq ratio is at 0.46.
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, Needham on December 19, 2024, Reiterated its Buy rating but revised its target price to $39 from $44 previously.
On November 08, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $48 to $29.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 06 ’24 when Manthripragada Vijay sold 12,500 shares for $46.51 per share. The transaction valued at 581,388 led to the insider holds 316,637 shares of the business.
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 565576512 and an Enterprise Value of 925491904. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.81 while its Price-to-Book (P/B) ratio in mrq is 1.27. Its current Enterprise Value per Revenue stands at 1.329 whereas that against EBITDA is 37.927.
Stock Price History:
The Beta on a monthly basis for MEG is 1.74, which has changed by -0.568961 over the last 52 weeks, in comparison to a change of 0.09589827 over the same period for the S&P500. Over the past 52 weeks, MEG has reached a high of $49.97, while it has fallen to a 52-week low of $15.21. The 50-Day Moving Average of the stock is -17.01%, while the 200-Day Moving Average is calculated to be -39.28%.
Shares Statistics:
It appears that MEG traded 530.12K shares on average per day over the past three months and 560940 shares per day over the past ten days. A total of 34.31M shares are outstanding, with a floating share count of 30.12M. Insiders hold about 12.29% of the company’s shares, while institutions hold 100.12% stake in the company. Shares short for MEG as of 1740700800 were 3282008 with a Short Ratio of 6.19, compared to 1738281600 on 3245263. Therefore, it implies a Short% of Shares Outstanding of 3282008 and a Short% of Float of 10.25.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
