Methode Electronics, Inc (NYSE: MEI) on Friday, plunged -3.26% from the previous trading day, before settling in for the closing price of $12.26. Within the past 52 weeks, MEI’s price has moved between $8.54 and $22.20.
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During the last 5-year period, the sales growth of Technology Sector giant was 2.28%. The company achieved an average annual earnings per share of 90.15%. With a float of $33.11 million, this company’s outstanding shares have now reached $35.27 million.
Let’s determine the extent of company efficiency that accounts for 7500 employees. In terms of profitability, gross margin is 15.67%, operating margin of -0.85%, and the pretax margin is -7.82%.
Methode Electronics, Inc (MEI) Insider Activity
Observing investor behavior towards Electronic Components industry stocks is more important than anything else. The insider ownership of Methode Electronics, Inc is 7.15%, while institutional ownership is 93.66%. The most recent insider transaction that took place on Sep 23 ’24, was worth 100,108. In this transaction Director of this company bought 8,800 shares at a rate of $11.38, taking the stock ownership to the 25,970 shares. Before that another transaction happened on Sep 18 ’24, when Company’s Director bought 9,320 for $10.81, making the entire transaction worth $100,749. This insider now owns 37,531 shares in total.
Methode Electronics, Inc (MEI) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 90.15% per share during the next fiscal year.
Methode Electronics, Inc (NYSE: MEI) Trading Performance Indicators
Methode Electronics, Inc (MEI) is currently performing well based on its current performance indicators. A quick ratio of 1.73 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.39.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.51, a number that is poised to hit -0.12 in the next quarter and is forecasted to reach 0.82 in one year’s time.
Technical Analysis of Methode Electronics, Inc (MEI)
Looking closely at Methode Electronics, Inc (NYSE: MEI), its last 5-days average volume was 0.39 million, which is a drop from its year-to-date volume of 0.47 million. As of the previous 9 days, the stock’s Stochastic %D was 72.94%. Additionally, its Average True Range was 0.71.
During the past 100 days, Methode Electronics, Inc’s (MEI) raw stochastic average was set at 36.11%, which indicates a significant decrease from 61.93% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.30% in the past 14 days, which was lower than the 63.03% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.37, while its 200-day Moving Average is $11.21. However, in the short run, Methode Electronics, Inc’s stock first resistance to watch stands at $12.26. Second resistance stands at $12.65. The third major resistance level sits at $12.93. If the price goes on to break the first support level at $11.59, it is likely to go to the next support level at $11.31. Should the price break the second support level, the third support level stands at $10.92.
Methode Electronics, Inc (NYSE: MEI) Key Stats
Market capitalization of the company is 422.89 million based on 35,657K outstanding shares. Right now, sales total 1,115 M and income totals -123,300 K. The company made 292,600 K in profit during its latest quarter, and -1,600 K in sales during its previous quarter.
