On Friday, Montrose Environmental Group Inc (NYSE: MEG) opened lower -4.94% from the last session, before settling in for the closing price of $18.82. Price fluctuations for MEG have ranged from $16.06 to $49.97 over the past 52 weeks.
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Annual sales at Industrials sector company grew by 29.00% over the past five years. Company’s average yearly earnings per share was noted 8.28% at the time writing. With a float of $29.29 million, this company’s outstanding shares have now reached $30.19 million.
Let’s look at the performance matrix of the company that is accounted for 3100 employees. 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) Insider Updates
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 14.62%, while institutional ownership is 99.10%. 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) Performance Highlights and Predictions
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 8.28% 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 0.87.
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 -0.62 in one year’s time.
Technical Analysis of Montrose Environmental Group Inc (MEG)
Montrose Environmental Group Inc (NYSE: MEG) saw its 5-day average volume 1.03 million, a positive change from its year-to-date volume of 0.41 million. As of the previous 9 days, the stock’s Stochastic %D was 30.59%. Additionally, its Average True Range was 1.82.
During the past 100 days, Montrose Environmental Group Inc’s (MEG) raw stochastic average was set at 7.34%, which indicates a significant decrease from 15.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 99.54% in the past 14 days, which was higher than the 72.49% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $24.41, while its 200-day Moving Average is $35.24. Nevertheless, the first resistance level for the watch stands at $18.64 in the near term. At $19.38, the stock is likely to face the second major resistance level. The third major resistance level sits at $19.82. If the price goes on to break the first support level at $17.46, it is likely to go to the next support level at $17.02. Assuming the price breaks the second support level, the third support level stands at $16.28.
Montrose Environmental Group Inc (NYSE: MEG) Key Stats
There are currently 34,301K shares outstanding in the company with a market cap of 583.32 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.
