Methanex Corp. (NASDAQ: MEOH) on Monday, soared 4.41% from the previous trading day, before settling in for the closing price of $48.27. Within the past 52 weeks, MEOH’s price has moved between $38.18 and $51.42.
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A company in the Basic Materials sector has jumped its sales by 0.91% annually for the last half of the decade. The company achieved an average annual earnings per share of 14.45%. With a float of $66.74 million, this company’s outstanding shares have now reached $67.39 million.
In an organization with 1451 employees, it is important to assess its efficiency.
Methanex Corp. (MEOH) Insider and Institutional Ownership
Observing investor behavior towards Chemicals industry stocks is more important than anything else. The insider ownership of Methanex Corp. is 0.97%, while institutional ownership is 82.72%.
Methanex Corp. (MEOH) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 14.45% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.20% during the next five years compared to -18.33% drop over the previous five years of trading.
Methanex Corp. (NASDAQ: MEOH) Trading Performance Indicators
Methanex Corp. (MEOH) is currently performing well based on its current performance indicators. A quick ratio of 0.85 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 0.94. Likewise, its price to free cash flow for the trailing twelve months is 65.72.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.47, a number that is poised to hit 0.56 in the next quarter and is forecasted to reach 4.56 in one year’s time.
Technical Analysis of Methanex Corp. (MEOH)
Let’s dig in a bit further. During the last 5-days, its volume was 0.49 million. That was better than the volume of 0.31 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 52.94%. Additionally, its Average True Range was 1.52.
During the past 100 days, Methanex Corp.’s (MEOH) raw stochastic average was set at 89.87%, which indicates a significant increase from 88.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.68% in the past 14 days, which was lower than the 34.00% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $45.67, while its 200-day Moving Average is $44.16. However, in the short run, Methanex Corp.’s stock first resistance to watch stands at $51.15. Second resistance stands at $51.90. The third major resistance level sits at $53.11. If the price goes on to break the first support level at $49.18, it is likely to go to the next support level at $47.97. The third support level lies at $47.22 if the price breaches the second support level.
Methanex Corp. (NASDAQ: MEOH) Key Stats
Market capitalization of the company is 3.40 billion based on 67,387K outstanding shares. Right now, sales total 3,723 M and income totals 174,140 K. The company made 922,420 K in profit during its latest quarter, and 33,490 K in sales during its previous quarter.
