On Friday, Montrose Environmental Group Inc (NYSE: MEG) was 4.10% up from the session before settling in for the closing price of $16.36. A 52-week range for MEG has been $15.21 – $49.97.
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Annual sales at Industrials sector company grew by 29.00% over the past five years. When this article was written, the company’s average yearly earnings per share was at 8.28%. 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
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Montrose Environmental Group Inc stocks. The insider ownership of Montrose Environmental Group Inc is 14.60%, while institutional ownership is 101.39%. 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
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
You can see what Montrose Environmental Group Inc (MEG) is doing with its current performance indicators. In the most recent 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 0.90.
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 0.86 million, a positive change from its year-to-date volume of 0.43 million. As of the previous 9 days, the stock’s Stochastic %D was 45.12%. 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 9.41%, which indicates a significant decrease from 40.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 74.86% in the past 14 days, which was lower than the 75.63% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $21.36, while its 200-day Moving Average is $33.61. Nevertheless, the first resistance level for the watch stands at $17.63 in the near term. At $18.23, the stock is likely to face the second major resistance level. The third major resistance level sits at $19.10. If the price goes on to break the first support level at $16.16, it is likely to go to the next support level at $15.29. The third support level lies at $14.69 if the price breaches the second support level.
Montrose Environmental Group Inc (NYSE: MEG) Key Stats
There are 34,301K outstanding shares of the company, which has a market capitalization of 608.06 million. As of now, sales total 624,210 K while income totals -30,860 K. Its latest quarter income was 178,690 K while its last quarter net income were -10,560 K.
