A new trading day began on Monday, with Montrose Environmental Group Inc (NYSE: MEG) stock price down -3.63% from the previous day of trading, before settling in for the closing price of $27.29. MEG’s price has ranged from $21.96 to $49.97 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 29.00%. Meanwhile, its annual earnings per share averaged 47.77%. With a float of $31.09 million, this company’s outstanding shares have now reached $34.23 million.
Considering the fact that the conglomerate employs 3100 people, you should pay attention to its efficiency factor.
Montrose Environmental Group Inc (MEG) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Waste Management Industry. The insider ownership of Montrose Environmental Group Inc is 9.17%, while institutional ownership is 97.28%. The most recent insider transaction that took place on May 06 ’24, was worth 581,388. In this transaction President & CEO of this company sold 12,500 shares at a rate of $46.51, taking the stock ownership to the 316,637 shares. Before that another transaction happened on Nov 10 ’23, when Company’s Chief Financial Officer bought 2,000 for $25.68, making the entire transaction worth $51,370. This insider now owns 264,124 shares in total.
Montrose Environmental Group Inc (MEG) Recent Fiscal highlights
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According to the Wall Street analysts, stocks earnings will be around 47.77% per share during the next fiscal year.
Montrose Environmental Group Inc (NYSE: MEG) Trading Performance Indicators
Here are Montrose Environmental Group Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.82. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.36.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.49, a number that is poised to hit -0.10 in the next quarter and is forecasted to reach -0.21 in one year’s time.
Technical Analysis of Montrose Environmental Group Inc (MEG)
Compared to the last year’s volume of 0.34 million, its volume of 0.94 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 23.83%. Additionally, its Average True Range was 1.70.
During the past 100 days, Montrose Environmental Group Inc’s (MEG) raw stochastic average was set at 5.77%, which indicates a significant decrease from 27.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.39% in the past 14 days, which was lower than the 56.52% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $30.54, while its 200-day Moving Average is $36.65. Nevertheless, the first resistance level for the watch stands at $27.38 in the near term. At $28.46, the stock is likely to face the second major resistance level. The third major resistance level sits at $29.73. If the price goes on to break the first support level at $25.03, it is likely to go to the next support level at $23.77. Now, if the price goes above the second support level, the third support stands at $22.69.
Montrose Environmental Group Inc (NYSE: MEG) Key Stats
With a market capitalization of 900.25 million, the company has a total of 34,081K Shares Outstanding. Currently, annual sales are 624,210 K while annual income is -30,860 K. The company’s previous quarter sales were 173,330 K while its latest quarter income was -10,170 K.
