Trading Day Triumph: Montrose Environmental Group Inc (MEG) Ends at 38.16, a -6.22 Surge/Plunge

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Montrose Environmental Group Inc (NYSE: MEG) closed the day trading at $38.16 down -6.22% from the previous closing price of $40.69. In other words, the price has decreased by -$6.22 from its previous closing price. On the day, 0.36 million shares were traded. MEG stock price reached its highest trading level at $41.35 during the session, while it also had its lowest trading level at $39.95.

Ratios:

For a better understanding of MEG, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.63 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 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.

Dicks Allan bought 2,000 shares of MEG for $51,370 on Nov 10 ’23. The Chief Financial Officer now owns 264,124 shares after completing the transaction at $25.68 per share. On Nov 10 ’23, another insider, Field Janet Risi, who serves as the Director of the company, bought 500 shares for $25.25 each. As a result, the insider paid 12,628 and bolstered with 14,506 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 1368019328 and an Enterprise Value of 1795978112. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.01 while its Price-to-Book (P/B) ratio in mrq is 3.60. Its current Enterprise Value per Revenue stands at 2.771 whereas that against EBITDA is 64.987.

Stock Price History:

The Beta on a monthly basis for MEG is 1.89, which has changed by -0.045195043 over the last 52 weeks, in comparison to a change of 0.25510752 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 $21.96. The 50-Day Moving Average of the stock is -16.07%, while the 200-Day Moving Average is calculated to be 7.45%.

Shares Statistics:

Over the past 3-months, MEG traded about 313.25K shares per day on average, while over the past 10 days, MEG traded about 366080 shares per day. A total of 34.08M shares are outstanding, with a floating share count of 31.23M. Insiders hold about 8.37% of the company’s shares, while institutions hold 79.08% stake in the company. Shares short for MEG as of 1718323200 were 1627025 with a Short Ratio of 5.19, compared to 1715731200 on 1001600. Therefore, it implies a Short% of Shares Outstanding of 1627025 and a Short% of Float of 5.12.

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