In the past week, MEG stock has gone up by 4.96%, with a monthly gain of 25.24% and a quarterly plunge of -14.70%. The volatility ratio for the week is 6.04%, and the volatility levels for the last 30 days are 7.56% for Montrose Environmental Group Inc The simple moving average for the past 20 days is 16.58% for MEG’s stock, with a -29.26% simple moving average for the past 200 days.
Is It Worth Investing in Montrose Environmental Group Inc (NYSE: MEG) Right Now?
Company’s 36-month beta value is 1.70.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for MEG is 29.25M, and currently, short sellers hold a 10.85% ratio of that floaft. The average trading volume of MEG on January 20, 2025 was 651.13K shares.
MEG) stock’s latest price update
Montrose Environmental Group Inc (NYSE: MEG)’s stock price has soared by 1.62 in relation to previous closing price of 22.27. Nevertheless, the company has seen a gain of 4.96% in its stock price over the last five trading days. prnewswire.com reported 2025-01-13 that LITTLE ROCK, Ark., Jan. 13, 2025 /PRNewswire/ — Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) today announced that due to the wildfires in southern California, the Company will now participate virtually in the Needham 27th Annual Growth Conference, and will present at 8:45 a.m.
Analysts’ Opinion of MEG
Many brokerage firms have already submitted their reports for MEG stocks, with Needham repeating the rating for MEG by listing it as a “Buy.” The predicted price for MEG in the upcoming period, according to Needham is $39 based on the research report published on December 19, 2024 of the previous year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see MEG reach a price target of $29, previously predicting the price at $48. The rating they have provided for MEG stocks is “Neutral” according to the report published on November 08th, 2024.
MEG Trading at 18.08% 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 -54.71% of loss for the given period.
Volatility was left at 7.56%, however, over the last 30 days, the volatility rate increased by 6.04%, as shares surge +29.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.66% lower at present.
During the last 5 trading sessions, MEG rose by +4.96%, which changed the moving average for the period of 200-days by -48.53% in comparison to the 20-day moving average, which settled at $19.41. In addition, Montrose Environmental Group Inc saw 21.99% in overturn over a single year, with a tendency to cut further gains.
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 0.41 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 0.68. 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 1.59. 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
In a nutshell, Montrose Environmental Group Inc (MEG) has experienced a mixed 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.
