On Monday, Montrose Environmental Group Inc (NYSE: MEG) opened higher 8.88% from the last session, before settling in for the closing price of $17.45. Price fluctuations for MEG have ranged from $15.21 to $49.97 over the past 52 weeks.
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Industrials Sector giant saw their annual sales surged by 29.00% over the last 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.
The firm has a total of 3100 workers. Let’s measure their productivity. 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 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) Recent Fiscal highlights
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 0.96.
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)
Analysing the last 5-days average volume posted by the [Montrose Environmental Group Inc, MEG], we can find that recorded value of 0.49 million was better than the volume posted last year of 0.43 million. As of the previous 9 days, the stock’s Stochastic %D was 72.93%. Additionally, its Average True Range was 1.43.
During the past 100 days, Montrose Environmental Group Inc’s (MEG) raw stochastic average was set at 19.59%, which indicates a significant decrease from 93.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 72.72% in the past 14 days, which was lower than the 75.01% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $20.60, while its 200-day Moving Average is $33.06. Now, the first resistance to watch is $19.89. This is followed by the second major resistance level at $20.79. The third major resistance level sits at $22.32. 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 $15.93. Now, if the price goes above the second support level, the third support stands at $15.03.
Montrose Environmental Group Inc (NYSE: MEG) Key Stats
There are currently 34,301K shares outstanding in the company with a market cap of 644.33 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.
