On Monday, Montrose Environmental Group Inc (NYSE: MEG) opened higher 9.25% from the last session, before settling in for the closing price of $16.54. Price fluctuations for MEG have ranged from $15.21 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 $34.30 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 and Institutional Ownership
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 14.60%, while institutional ownership is 99.17%. 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) Latest Financial update
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 0.94.
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 -0.18 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 0.77 million, a positive change from its year-to-date volume of 0.42 million. As of the previous 9 days, the stock’s Stochastic %D was 37.94%. Additionally, its Average True Range was 1.46.
During the past 100 days, Montrose Environmental Group Inc’s (MEG) raw stochastic average was set at 14.78%, which indicates a significant decrease from 63.70% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 76.50% in the past 14 days, which was higher than the 75.45% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $21.66, while its 200-day Moving Average is $34.01. Nevertheless, the first resistance level for the watch stands at $18.86 in the near term. At $19.66, the stock is likely to face the second major resistance level. The third major resistance level sits at $20.98. If the price goes on to break the first support level at $16.74, it is likely to go to the next support level at $15.42. The third support level lies at $14.62 if the price breaches the second support level.
Montrose Environmental Group Inc (NYSE: MEG) Key Stats
There are currently 34,301K shares outstanding in the company with a market cap of 635.56 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.
