Montrose Environmental Group Inc (NYSE: MEG) started the day on Thursday, with a price decrease of -4.63% at $26.37, before settling in for the price of $27.65 at the close. Taking a more long-term approach, MEG posted a 52-week range of $19.59-$49.97.
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The company of the Industrials sector’s yearbook sales growth during the past 5- year span was recorded 29.00%. Meanwhile, its Annual Earning per share during the time was -10.88%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 39.62%. This publicly-traded company’s shares outstanding now amounts to $34.23 million, simultaneously with a float of $31.09 million. The organization now has a market capitalization sitting at $902.65 million. At the time of writing, stock’s 50-day Moving Average stood at $27.43, while the 200-day Moving Average is $35.99.
Montrose Environmental Group Inc (MEG) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Waste Management Industry. Montrose Environmental Group Inc’s current insider ownership accounts for 9.17%, in contrast to 96.81% institutional ownership. According to the most recent insider trade that took place on May 06 ’24, this organization’s President & CEO sold 12,500 shares at the rate of 46.51, making the entire transaction reach 581,388 in total value, affecting insider ownership by 316,637. Preceding that transaction, on Nov 10 ’23, Company’s Chief Financial Officer bought 2,000 for 25.68, making the whole transaction’s value amount to 51,370. This particular insider is now the holder of 264,124 in total.
Montrose Environmental Group Inc (MEG) Earnings and Revenue Records
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.09 per share during the current fiscal year.
Montrose Environmental Group Inc’s EPS increase for this current 12-month fiscal period is 39.62% and is forecasted to reach -0.35 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 1.82. The Stock has managed to achieve an average true range (ATR) of 1.52. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.36.
In the same vein, MEG’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -1.49, a figure that is expected to reach -0.08 in the next quarter, and analysts are predicting that it will be -0.35 at the market close of one year from today.
Technical Analysis of Montrose Environmental Group Inc (MEG)
If we take a close look at the recent performances of Montrose Environmental Group Inc (NYSE: MEG), its last 5-days Average volume was 0.35 million that shows plunge from its year to date volume of 0.38 million. During the previous 9 days, stock’s Stochastic %D was recorded 48.12% While, its Average True Range was 1.44.
Raw Stochastic average of Montrose Environmental Group Inc (MEG) in the period of the previous 100 days is set at 22.55%, which indicates a major fall in contrast to 69.01% 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 65.63% that was higher than 63.60% volatility it exhibited in the past 100-days period.
