Investors must take note of Mastec Inc.’s (MTZ) performance last week, which was 7.91%.

A new trading day began on Monday, with Mastec Inc. (NYSE: MTZ) stock price up 3.53% from the previous day of trading, before settling in for the closing price of $70.89. MTZ’s price has ranged from $44.65 to $123.33 over the past 52 weeks.

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It was noted that within the last five years, the titan of the Industrials sector saw sales topped by 10.18%. Meanwhile, its annual earnings per share averaged -41.74%. With a float of $60.71 million, this company’s outstanding shares have now reached $78.68 million.

The extent of productivity of a business whose workforce counts for Aug 04 1982 workers is very important to gauge.

Mastec Inc. (MTZ) Insider and Institutional Ownership

As we move forward, let’s examine how large-scale investors are investing in this stock of the Engineering & Construction Industry. The insider ownership of Mastec Inc. is 22.99%, while institutional ownership is 74.63%. The most recent insider transaction that took place on Oct 02, was worth 95,038. In this transaction CFO of this company sold 1,332 shares at a rate of $71.35, taking the stock ownership to the 16,620 shares. Before that another transaction happened on Oct 02, when Company’s CAO sold 1,095 for $71.46, making the entire transaction worth $78,249. This insider now owns 10,525 shares in total.

Mastec Inc. (MTZ) Latest Financial update

In its latest quarterly report, released on 9/29/2023, the company reported earnings of $0.95 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.2 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -41.74% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.50% during the next five years compared to -37.09% drop over the previous five years of trading.

Mastec Inc. (NYSE: MTZ) Trading Performance Indicators

Here are Mastec Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.39. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.49. Likewise, its price to free cash flow for the trailing twelve months is 25.96.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.65, a number that is poised to hit 0.45 in the next quarter and is forecasted to reach 2.66 in one year’s time.

Technical Analysis of Mastec Inc. (MTZ)

The latest stats from [Mastec Inc., MTZ] show that its last 5-days average volume of 0.68 million was inferior to 0.99 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 81.30%. Additionally, its Average True Range was 2.83.

During the past 100 days, Mastec Inc.’s (MTZ) raw stochastic average was set at 72.04%, which indicates a significant decrease from 94.95% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.34% in the past 14 days, which was lower than the 57.37% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $69.26, while its 200-day Moving Average is $83.91. Now, the first resistance to watch is $74.79. This is followed by the second major resistance level at $76.19. The third major resistance level sits at $78.43. If the price goes on to break the first support level at $71.15, it is likely to go to the next support level at $68.91. The third support level lies at $67.51 if the price breaches the second support level.

Mastec Inc. (NYSE: MTZ) Key Stats

With a market capitalization of 5.78 billion, the company has a total of 78,823K Shares Outstanding. Currently, annual sales are 9,778 M while annual income is 33,350 K. The company’s previous quarter sales were 3,257 M while its latest quarter income was 14,300 K.