Montrose Environmental Group Inc (NYSE: MEG) kicked off on Friday, up 3.23% from the previous trading day, before settling in for the closing price of $18.25. Over the past 52 weeks, MEG has traded in a range of $15.21-$49.97.
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Industrials Sector giant saw their annual sales surged by 30.28% over the last five years. While this was happening, its average annual earnings per share was recorded -25.69%. With a float of $29.24 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) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Waste Management Industry. The insider ownership of Montrose Environmental Group Inc is 14.73%, while institutional ownership is 100.08%. 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) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -25.69% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 34.56% during the next five years compared to -10.88% drop over the previous five years of trading.
Montrose Environmental Group Inc (NYSE: MEG) Trading Performance Indicators
Take a look at Montrose Environmental Group Inc’s (MEG) current performance indicators. Last quarter, stock had 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 -0.50 in the next quarter and is forecasted to reach -0.33 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 0.32 million was lower than the volume posted last year of 0.48 million. As of the previous 9 days, the stock’s Stochastic %D was 8.28%. Additionally, its Average True Range was 1.29.
During the past 100 days, Montrose Environmental Group Inc’s (MEG) raw stochastic average was set at 25.40%, which indicates a significant increase from 14.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 53.15% in the past 14 days, which was lower than the 76.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $19.48, while its 200-day Moving Average is $29.93. Now, the first resistance to watch is $19.17. This is followed by the second major resistance level at $19.49. The third major resistance level sits at $19.96. If the price goes on to break the first support level at $18.37, it is likely to go to the next support level at $17.90. Should the price break the second support level, the third support level stands at $17.57.
Montrose Environmental Group Inc (NYSE: MEG) Key Stats
The company with the Market Capitalisation of 646.21 million has total of 34,301K Shares Outstanding. Its annual sales at the moment are 624,210 K in contrast with the sum of -30,860 K annual income. Company’s last quarter sales were recorded 178,690 K and last quarter income was -10,560 K.
