Methode Electronics, Inc. (NYSE: MEI) on Tuesday, soared 0.24% from the previous trading day ,before settling in for the closing price of $12.58. Within the past 52 weeks, MEI’s price has moved between $11.21 and $46.58.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 5.41%. The company achieved an average annual earnings per share of -138.93%. With a float of $33.09 million, this company’s outstanding shares have now reached $35.82 million.
Considering the fact that the conglomerate employs 6700 people, you should pay attention to its efficiency factor.
Methode Electronics, Inc. (MEI) Breakdown of a Key Holders of the stock
Observing investor behavior towards Electronic Components industry stocks is more important than anything else. The insider ownership of Methode Electronics, Inc. is 6.51%, while institutional ownership is 96.62%. The most recent insider transaction that took place on Sep 21 ’23, was worth 506,636. In this transaction Chief Executive Officer of this company bought 23,245 shares at a rate of $21.80, taking the stock ownership to the 23,245 shares. Before that another transaction happened on Sep 20 ’23, when Company’s Director bought 1,000 for $22.50, making the entire transaction worth $22,500. This insider now owns 19,000 shares in total.
Methode Electronics, Inc. (MEI) Recent Fiscal highlights
As on 1/30/2024, Multinational firm has announced its last quarter scores, in which it reported -$0.33 earnings per share (EPS) for the period falling under the consensus outlook (set at $0.09) by -$0.42. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.03 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -138.93% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.00% during the next five years compared to 6.59% growth over the previous five years of trading.
Methode Electronics, Inc. (NYSE: MEI) Trading Performance Indicators
Methode Electronics, Inc. (MEI) is currently performing well based on its current performance indicators. A quick ratio of 1.85 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.39. Likewise, its price to free cash flow for the trailing twelve months is 23.12.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.63, a number that is poised to hit -0.20 in the next quarter and is forecasted to reach 0.09 in one year’s time.
Technical Analysis of Methode Electronics, Inc. (MEI)
Compared to the last year’s volume of 0.52 million, its volume of 0.55 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 84.67%. Additionally, its Average True Range was 0.68.
During the past 100 days, Methode Electronics, Inc.’s (MEI) raw stochastic average was set at 9.91%, which indicates a significant decrease from 90.91% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.15% in the past 14 days, which was lower than the 71.57% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.18, while its 200-day Moving Average is $23.93. Nevertheless, the first resistance level for the watch stands at $12.82 in the near term. At $13.04, the stock is likely to face the second major resistance level. The third major resistance level sits at $13.36. If the price goes on to break the first support level at $12.28, it is likely to go to the next support level at $11.96. Now, if the price goes above the second support level, the third support stands at $11.74.
Methode Electronics, Inc. (NYSE: MEI) Key Stats
Market capitalization of the company is 446.27 million based on 35,390K outstanding shares. Right now, sales total 1,180 M and income totals 77,100 K. The company made 259,500 K in profit during its latest quarter, and -11,600 K in sales during its previous quarter.
