Methanex Corp (NASDAQ: MEOH)’s stock price has soared by 3.83 in relation to previous closing price of 49.85. Nevertheless, the company has seen a gain of 1.71% in its stock price over the last five trading days. globenewswire.com reported 2025-01-30 that VANCOUVER, British Columbia, Jan. 30, 2025 (GLOBE NEWSWIRE) — Methanex Corporation (the “Company” or “Methanex”) (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has declared a quarterly dividend of US$0.185 per share. The dividend will be payable on March 31, 2025, to holders of common shares of record on March 17, 2025.
Is It Worth Investing in Methanex Corp (NASDAQ: MEOH) Right Now?
The price-to-earnings ratio for Methanex Corp (NASDAQ: MEOH) is 21.30x, which is above its average ratio. Moreover, the 36-month beta value for MEOH is 1.38. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 4 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for MEOH is 66.92M and currently, short sellers hold a 0.93% of that float. On January 31, 2025, MEOH’s average trading volume was 342.12K shares.
MEOH’s Market Performance
The stock of Methanex Corp (MEOH) has seen a 1.71% increase in the past week, with a 5.63% rise in the past month, and a 29.34% gain in the past quarter. The volatility ratio for the week is 3.54%, and the volatility levels for the past 30 days are at 2.92% for MEOH. The simple moving average for the last 20 days is 3.88% for MEOH’s stock, with a simple moving average of 11.61% for the last 200 days.
Analysts’ Opinion of MEOH
Many brokerage firms have already submitted their reports for MEOH stocks, with Barclays repeating the rating for MEOH by listing it as a “Equal Weight.” The predicted price for MEOH in the upcoming period, according to Barclays is $44 based on the research report published on September 10, 2024 of the previous year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see MEOH reach a price target of $51, previously predicting the price at $50. The rating they have provided for MEOH stocks is “Overweight” according to the report published on August 07th, 2024.
UBS gave a rating of “Buy” to MEOH, setting the target price at $60 in the report published on February 08th of the previous year.
MEOH Trading at 8.07% from the 50-Day Moving Average
After a stumble in the market that brought MEOH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.28% of loss for the given period.
Volatility was left at 2.92%, however, over the last 30 days, the volatility rate increased by 3.54%, as shares surge +4.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.79% upper at present.
During the last 5 trading sessions, MEOH rose by +1.71%, which changed the moving average for the period of 200-days by +8.04% in comparison to the 20-day moving average, which settled at $49.83. In addition, Methanex Corp saw 3.64% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for MEOH
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.09 for the gross margin
The net margin for Methanex Corp stands at 0.04. The total capital return value is set at 0.05. Equity return is now at value 8.15, with 2.52 for asset returns.
Based on Methanex Corp (MEOH), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 1.49. The interest coverage ratio of the stock is 1.98.
Currently, EBITDA for the company is 667.42 million with net debt to EBITDA at 3.41. When we switch over and look at the enterprise to sales, we see a ratio of 1.6. The receivables turnover for the company is 5.45for trailing twelve months and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.62.
Conclusion
To wrap up, the performance of Methanex Corp (MEOH) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
