As on Wednesday, Montrose Environmental Group Inc (NYSE: MEG) got off with the flyer as it spiked 3.20% to $18.72, before settling in for the price of $18.14 at the close. Taking a more long-term approach, MEG posted a 52-week range of $16.06-$49.97.
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The Industrials sector firm’s twelve-monthly sales growth has been 29.00% for the last half of the decade. Meanwhile, its Annual Earning per share during the time was -10.88%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 8.28%. This publicly-traded company’s shares outstanding now amounts to $30.19 million, simultaneously with a float of $29.29 million. The organization now has a market capitalization sitting at $642.11 million. At the time of writing, stock’s 50-day Moving Average stood at $23.78, while the 200-day Moving Average is $35.02.
Montrose Environmental Group Inc (MEG) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Waste Management industry. Montrose Environmental Group Inc’s current insider ownership accounts for 14.62%, in contrast to 99.13% 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.
Montrose Environmental Group Inc (MEG) Earnings and Revenue Records
Montrose Environmental Group Inc’s EPS increase for this current 12-month fiscal period is 8.28% and is forecasted to reach -0.62 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 1.93. The Stock has managed to achieve an average true range (ATR) of 1.77. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.95.
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 -0.15 in the next quarter, and analysts are predicting that it will be -0.62 at the market close of one year from today.
Technical Analysis of Montrose Environmental Group Inc (MEG)
Through scrutinizing the latest numbers posted by the [Montrose Environmental Group Inc, MEG], it can be observed that its last 5-days Average volume of 0.71 million was better the volume of 0.41 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 46.43% While, its Average True Range was 1.76.
Raw Stochastic average of Montrose Environmental Group Inc (MEG) in the period of the previous 100 days is set at 10.73%, which indicates a major fall in contrast to 37.73% 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 106.51% that was higher than 74.15% volatility it exhibited in the past 100-days period.
