A new trading day began on Friday, with Methode Electronics, Inc (NYSE: MEI) stock price up 12.61% from the previous day of trading, before settling in for the closing price of $6.66. MEI’s price has ranged from $5.08 to $17.45 over the past 52 weeks.
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Meanwhile, its annual earnings per share averaged 59.32%. With a float of $33.53 million, this company’s outstanding shares have now reached $35.80 million.
Methode Electronics, Inc (MEI) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Electronic Components Industry. The insider ownership of Methode Electronics, Inc is 4.76%, while institutional ownership is 92.06%. The most recent insider transaction that took place on Mar 14 ’25, was worth 101,390. In this transaction SVP Global Automotive Business of this company bought 15,150 shares at a rate of $6.69, taking the stock ownership to the 15,150 shares. Before that another transaction happened on Mar 11 ’25, when Company’s CEO and President bought 32,733 for $6.46, making the entire transaction worth $211,357. This insider now owns 32,733 shares in total.
Methode Electronics, Inc (MEI) Performance Highlights and Predictions
In its latest quarterly report, released on 7/31/2024, the company reported earnings of -0.31 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.03 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 59.32% per share during the next fiscal year.
Methode Electronics, Inc (NYSE: MEI) Trading Performance Indicators
Here are Methode Electronics, Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.57. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.25.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.76, a number that is poised to hit -0.35 in the next quarter and is forecasted to reach 0.38 in one year’s time.
Technical Analysis of Methode Electronics, Inc (MEI)
The latest stats from [Methode Electronics, Inc, MEI] show that its last 5-days average volume of 0.37 million was inferior to 0.4 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 56.98%.
During the past 100 days, Methode Electronics, Inc’s (MEI) raw stochastic average was set at 42.46%, which indicates a significant decrease from 92.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.29 in the past 14 days, which was lower than the 0.33 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.69, while its 200-day Moving Average is $8.85. Now, the first resistance to watch is $7.85. This is followed by the second major resistance level at $8.21. The third major resistance level sits at $8.79. If the price goes on to break the first support level at $6.91, it is likely to go to the next support level at $6.33. Assuming the price breaks the second support level, the third support level stands at $5.97.
Methode Electronics, Inc (NYSE: MEI) Key Stats
With a market capitalization of 264.07 million, the company has a total of 35,207K Shares Outstanding. Currently, annual sales are 1,048 M while annual income is -62,600 K. The company’s previous quarter sales were 257,100 K while its latest quarter income was -28,300 K.
