As on Wednesday, Montrose Environmental Group Inc (NYSE: MEG) started slowly as it slid -11.44% to $37.15, before settling in for the price of $41.95 at the close. Taking a more long-term approach, MEG posted a 52-week range of $21.96-$45.96.
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The Industrials sector firm’s twelve-monthly sales growth has been 29.00% for the last half of the decade. Meanwhile, its Annual Earning per share during the time was -10.88%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 37.42%. This publicly-traded company’s shares outstanding now amounts to $30.19 million, simultaneously with a float of $28.06 million. The organization now has a market capitalization sitting at $1.13 billion. At the time of writing, stock’s 50-day Moving Average stood at $37.89, while the 200-day Moving Average is $34.04.
Montrose Environmental Group Inc (MEG) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Waste Management industry. Montrose Environmental Group Inc’s current insider ownership accounts for 7.64%, in contrast to 88.10% institutional ownership. According to the most recent insider trade that took place on Nov 10 ’23, this organization’s Chief Financial Officer bought 2,000 shares at the rate of 25.68, making the entire transaction reach 51,370 in total value, affecting insider ownership by 264,124. Preceding that transaction, on Nov 10 ’23, Company’s Director bought 500 for 25.25, making the whole transaction’s value amount to 12,628. This particular insider is now the holder of 14,506 in total.
Montrose Environmental Group Inc (MEG) Earnings and Revenue Records
Montrose Environmental Group Inc’s EPS increase for this current 12-month fiscal period is 37.42% and is forecasted to reach -0.72 in the upcoming year.
Montrose Environmental Group Inc (NYSE: MEG) Trading Performance Indicators
Let’s observe the current performance indicators for Montrose Environmental Group Inc (MEG). It’s Quick Ratio in the last reported quarter now stands at 1.59. The Stock has managed to achieve an average true range (ATR) of 2.07. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.81. Similarly, its price to free cash flow for trailing twelve months is now 42.69.
In the same vein, MEG’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -1.57, a figure that is expected to reach -0.42 in the next quarter, and analysts are predicting that it will be -0.72 at the market close of one year from today.
Technical Analysis of Montrose Environmental Group Inc (MEG)
Through scrutinizing the latest numbers posted by the [Montrose Environmental Group Inc, MEG], it can be observed that its last 5-days Average volume of 0.28 million was better the volume of 0.21 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 10.21% While, its Average True Range was 2.23.
Raw Stochastic average of Montrose Environmental Group Inc (MEG) in the period of the previous 100 days is set at 56.79%, which indicates a major rise in contrast to 15.42% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 74.03% that was higher than 66.63% volatility it exhibited in the past 100-days period.
