The price-to-earnings ratio for Myers Industries Inc (NYSE: MYE) is above average at 28.18x, Company’s 36-month beta value is 1.24.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 1 as “sell.”
The public float for MYE is 36.63M, and currently, short sellers hold a 2.63% ratio of that floaft. The average trading volume of MYE on November 21, 2024 was 229.13K shares.
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MYE) stock’s latest price update
Myers Industries Inc (NYSE: MYE)’s stock price has gone rise by 7.24 in comparison to its previous close of 10.91, however, the company has experienced a -2.50% decrease in its stock price over the last five trading days. prnewswire.com reported 2024-11-19 that NEW YORK , Nov. 19, 2024 /PRNewswire/ — S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600: Flex Ltd (NASD: FLEX) will replace Azenta Inc. (NASD: AZTA) in the S&P MidCap 400, and Azenta will replace Envestnet Inc. (NYSE: ENV) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, November 25. Bain Capital is acquiring Envestnet in a deal expected to be completed soon, pending final closing conditions.
MYE’s Market Performance
Myers Industries Inc (MYE) has seen a -2.50% fall in stock performance for the week, with a -7.22% decline in the past month and a -20.30% plunge in the past quarter. The volatility ratio for the week is 5.62%, and the volatility levels for the past 30 days are at 4.29% for MYE. The simple moving average for the past 20 days is -1.61% for MYE’s stock, with a -27.87% simple moving average for the past 200 days.
Analysts’ Opinion of MYE
TD Cowen, on the other hand, stated in their research note that they expect to see MYE reach a price target of $23.75, previously predicting the price at $28.50. The rating they have provided for MYE stocks is “Market Perform” according to the report published on March 02nd, 2023.
KeyBanc Capital Markets gave a rating of “Overweight” to MYE, setting the target price at $25 in the report published on December 18th of the previous year.
MYE Trading at -8.22% from the 50-Day Moving Average
After a stumble in the market that brought MYE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -50.49% of loss for the given period.
Volatility was left at 4.29%, however, over the last 30 days, the volatility rate increased by 5.62%, as shares sank -6.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.56% lower at present.
During the last 5 trading sessions, MYE fell by -2.50%, which changed the moving average for the period of 200-days by -36.96% in comparison to the 20-day moving average, which settled at $11.89. In addition, Myers Industries Inc saw -40.15% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MYE
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.32 for the gross margin
The net margin for Myers Industries Inc stands at 0.02. The total capital return value is set at 0.07. Equity return is now at value 5.54, with 2.15 for asset returns.
Based on Myers Industries Inc (MYE), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 1.43. The interest coverage ratio of the stock is 2.13.
Currently, EBITDA for the company is 95.0 million with net debt to EBITDA at 4.56. When we switch over and look at the enterprise to sales, we see a ratio of 1.01. The receivables turnover for the company is 6.71for trailing twelve months and the total asset turnover is 0.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.80.
Conclusion
In a nutshell, Myers Industries Inc (MYE) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
