The stock of Montrose Environmental Group Inc (MEG) has seen a -2.83% decrease in the past week, with a -26.55% drop in the past month, and a -44.68% decrease in the past quarter. The volatility ratio for the week is 6.52%, and the volatility levels for the past 30 days are at 8.20% for MEG. The simple moving average for the past 20 days is -9.62% for MEG’s stock, with a -52.88% simple moving average for the past 200 days.
Is It Worth Investing in Montrose Environmental Group Inc (NYSE: MEG) Right Now?
MEG has 36-month beta value of 1.72. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for MEG is 29.29M, and currently, short sellers hold a 9.45% ratio of that float. The average trading volume of MEG on December 13, 2024 was 704.72K shares.
MEG) stock’s latest price update
Montrose Environmental Group Inc (NYSE: MEG) has seen a rise in its stock price by 3.27 in relation to its previous close of 15.62. However, the company has experienced a -2.83% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-12-10 that MEG Energy reported a solid quarter and its guidance for 2025 was close to expectations. Free cash flow return is now at 100%, but the stock just cannot find any traction. We tell you why we are reversing our call from 20 months back.
Analysts’ Opinion of MEG
Many brokerage firms have already submitted their reports for MEG stocks, with JP Morgan repeating the rating for MEG by listing it as a “Neutral.” The predicted price for MEG in the upcoming period, according to JP Morgan is $29 based on the research report published on November 08, 2024 of the current year 2024.
Evercore ISI gave a rating of “Outperform” to MEG, setting the target price at $43 in the report published on August 14th of the current year.
MEG Trading at -26.20% from the 50-Day Moving Average
After a stumble in the market that brought MEG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -67.72% of loss for the given period.
Volatility was left at 8.20%, however, over the last 30 days, the volatility rate increased by 6.52%, as shares sank -26.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.74% lower at present.
During the last 5 trading sessions, MEG fell by -2.83%, which changed the moving average for the period of 200-days by -51.14% in comparison to the 20-day moving average, which settled at $17.85. In addition, Montrose Environmental Group Inc saw -49.80% 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 MEG starting from Manthripragada Vijay, who sale 12,500 shares at the price of $46.51 back on May 06 ’24. After this action, Manthripragada Vijay now owns 316,637 shares of Montrose Environmental Group Inc, valued at $581,388 using the latest closing price.
Stock Fundamentals for MEG
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 0.38 for the gross margin
The net margin for Montrose Environmental Group Inc stands at -0.06. The total capital return value is set at -0.02. Equity return is now at value -7.04, with -3.86 for asset returns.
Based on Montrose Environmental Group Inc (MEG), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.02. The debt to equity ratio resting at 0.56. The interest coverage ratio of the stock is -1.57.
Currently, EBITDA for the company is 31.93 million with net debt to EBITDA at 7.5. When we switch over and look at the enterprise to sales, we see a ratio of 1.26. The receivables turnover for the company is 4.4for trailing twelve months and the total asset turnover is 0.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.93.
Conclusion
To put it simply, Montrose Environmental Group Inc (MEG) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as 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.
