On Friday, Mastec Inc. (NYSE: MTZ) opened lower -4.30% from the last session, before settling in for the closing price of $91.91. Price fluctuations for MTZ have ranged from $44.65 to $123.33 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 12.68%. Company’s average yearly earnings per share was noted 34.47% at the time writing. With a float of $61.90 million, this company’s outstanding shares have now reached $79.28 million.
Considering the fact that the conglomerate employs 34000 people, you should pay attention to its efficiency factor.
Mastec Inc. (MTZ) Insider Activity
A key investor’s attitude towards the stock of the Engineering & Construction industry is another important factor to consider. The insider ownership of Mastec Inc. is 21.93%, while institutional ownership is 79.41%. The most recent insider transaction that took place on Oct 02 ’23, 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 ’23, 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 34.47% per share during the next fiscal year.
Mastec Inc. (NYSE: MTZ) Trading Performance Indicators
Check out the current performance indicators for Mastec Inc. (MTZ). In the past quarter, the stock posted a quick ratio of 1.36. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.58. Likewise, its price to free cash flow for the trailing twelve months is 14.11.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.66, a number that is poised to hit -0.48 in the next quarter and is forecasted to reach 4.09 in one year’s time.
Technical Analysis of Mastec Inc. (MTZ)
Compared to the last year’s volume of 0.94 million, its volume of 0.67 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 19.22%. Additionally, its Average True Range was 3.11.
During the past 100 days, Mastec Inc.’s (MTZ) raw stochastic average was set at 80.00%, which indicates a significant increase from 1.90% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.97% in the past 14 days, which was lower than the 46.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $82.50, while its 200-day Moving Average is $80.66. Nevertheless, the first resistance level for the watch stands at $90.90 in the near term. At $93.83, the stock is likely to face the second major resistance level. The third major resistance level sits at $95.39. If the price goes on to break the first support level at $86.41, it is likely to go to the next support level at $84.85. Should the price break the second support level, the third support level stands at $81.92.
Mastec Inc. (NYSE: MTZ) Key Stats
There are currently 79,489K shares outstanding in the company with a market cap of 6.97 billion. Presently, the company’s annual sales total 11,996 M according to its annual income of -49,950 K. Last quarter, the company’s sales amounted to 3,280 M and its income totaled 750 K.
