On Friday, Montrose Environmental Group Inc (NYSE: MEG) opened lower -7.00% from the last session, before settling in for the closing price of $20.30. Price fluctuations for MEG have ranged from $19.59 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%. Company’s average yearly earnings per share was noted 19.90% at the time writing. With a float of $31.16 million, this company’s outstanding shares have now reached $34.30 million.
Considering the fact that the conglomerate employs 3100 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 37.5%, operating margin of -3.2%, and the pretax margin is -5.18%.
Montrose Environmental Group Inc (MEG) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Waste Management industry is another important factor to consider. The insider ownership of Montrose Environmental Group Inc is 9.17%, while institutional ownership is 99.11%. 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.
Montrose Environmental Group Inc (MEG) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.27 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.1) by 0.17. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 19.90% per share during the next fiscal year.
Montrose Environmental Group Inc (NYSE: MEG) Trading Performance Indicators
Check out the current performance indicators for Montrose Environmental Group Inc (MEG). In the past quarter, the stock posted a quick ratio of 1.93. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.89.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.49, a number that is poised to hit -0.15 in the next quarter and is forecasted to reach -0.55 in one year’s time.
Technical Analysis of Montrose Environmental Group Inc (MEG)
Compared to the last year’s volume of 0.4 million, its volume of 0.73 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 11.86%. Additionally, its Average True Range was 1.85.
During the past 100 days, Montrose Environmental Group Inc’s (MEG) raw stochastic average was set at 1.01%, which indicates a significant decrease from 3.19% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 83.45% in the past 14 days, which was higher than the 69.47% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $25.41, while its 200-day Moving Average is $35.59. Nevertheless, the first resistance level for the watch stands at $20.06 in the near term. At $21.23, the stock is likely to face the second major resistance level. The third major resistance level sits at $21.98. If the price goes on to break the first support level at $18.14, it is likely to go to the next support level at $17.39. Now, if the price goes above the second support level, the third support stands at $16.22.
Montrose Environmental Group Inc (NYSE: MEG) Key Stats
There are currently 34,301K shares outstanding in the company with a market cap of 602.30 million. Presently, the company’s annual sales total 624,210 K according to its annual income of -30,860 K. Last quarter, the company’s sales amounted to 178,690 K and its income totaled -10,560 K.
