The 36-month beta value for MEI is at 0.72. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for MEI is 32.87M, and currently, shorts hold a 5.36% of that float. The average trading volume for MEI on September 27, 2024 was 538.18K shares.
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MEI) stock’s latest price update
Methode Electronics, Inc. (NYSE: MEI) has experienced a rise in its stock price by 9.87 compared to its previous closing price of 11.15. However, the company has seen a gain of 7.27% in its stock price over the last five trading days. accesswire.com reported 2024-09-26 that NEW YORK, NY / ACCESSWIRE / September 26, 2024 / If you suffered a loss on your Methode Electronics, Inc. (NYSE:MEI) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/methode-electronics-inc-lawsuit-submission-form?prid=105480&wire=1 or contact Joseph E. Levi, Esq.
MEI’s Market Performance
Methode Electronics, Inc. (MEI) has experienced a 7.27% rise in stock performance for the past week, with a 19.63% rise in the past month, and a 25.13% rise in the past quarter. The volatility ratio for the week is 3.98%, and the volatility levels for the past 30 days are at 4.69% for MEI. The simple moving average for the past 20 days is 16.62% for MEI’s stock, with a -15.20% simple moving average for the past 200 days.
Analysts’ Opinion of MEI
Many brokerage firms have already submitted their reports for MEI stocks, with Jefferies repeating the rating for MEI by listing it as a “Hold.” The predicted price for MEI in the upcoming period, according to Jefferies is $12 based on the research report published on April 09, 2024 of the current year 2024.
Sidoti, on the other hand, stated in their research note that they expect to see MEI reach a price target of $17. The rating they have provided for MEI stocks is “Neutral” according to the report published on March 07th, 2024.
Jefferies gave a rating of “Buy” to MEI, setting the target price at $52 in the report published on November 22nd of the previous year.
MEI Trading at 10.28% from the 50-Day Moving Average
After a stumble in the market that brought MEI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -52.93% of loss for the given period.
Volatility was left at 4.69%, however, over the last 30 days, the volatility rate increased by 3.98%, as shares surge +22.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.06% lower at present.
During the last 5 trading sessions, MEI rose by +7.27%, which changed the moving average for the period of 200-days by -43.08% in comparison to the 20-day moving average, which settled at $10.62. In addition, Methode Electronics, Inc. saw -46.11% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MEI starting from LINDSEY MARY A, who purchase 8,800 shares at the price of $11.38 back on Sep 23 ’24. After this action, LINDSEY MARY A now owns 25,970 shares of Methode Electronics, Inc., valued at $100,108 using the latest closing price.
Blom David P, the Director of Methode Electronics, Inc., purchase 9,320 shares at $10.81 during a trade that took place back on Sep 18 ’24, which means that Blom David P is holding 37,531 shares at $100,749 based on the most recent closing price.
Stock Fundamentals for MEI
Current profitability levels for the company are sitting at:
- -0.06 for the present operating margin
- 0.15 for the gross margin
The net margin for Methode Electronics, Inc. stands at -0.13. The total capital return value is set at -0.06. Equity return is now at value -17.01, with -9.65 for asset returns.
Based on Methode Electronics, Inc. (MEI), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 0.41. The interest coverage ratio of the stock is -3.71.
Currently, EBITDA for the company is 58.5 million with net debt to EBITDA at 4.93. When we switch over and look at the enterprise to sales, we see a ratio of 0.59. The receivables turnover for the company is 4.29for trailing twelve months and the total asset turnover is 0.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.35.
Conclusion
In conclusion, Methode Electronics, Inc. (MEI) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
