The stock of Montrose Environmental Group Inc (MEG) has gone up by 28.14% for the week, with a 7.43% rise in the past month and a 29.29% rise in the past quarter. The volatility ratio for the week is 9.79%, and the volatility levels for the past 30 days are 6.51% for MEG. The simple moving average for the last 20 days is 19.25% for MEG stock, with a simple moving average of -19.93% for the last 200 days.
Is It Worth Investing in Montrose Environmental Group Inc (NYSE: MEG) Right Now?
The 36-month beta value for MEG is also noteworthy at 1.74. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for MEG is 30.10M, and at present, short sellers hold a 11.10% of that float. The average trading volume of MEG on February 28, 2025 was 528.91K shares.
MEG) stock’s latest price update
The stock of Montrose Environmental Group Inc (NYSE: MEG) has increased by 32.63 when compared to last closing price of 17.44. Despite this, the company has experienced a 28.14% gain in its stock price over the last five trading sessions. zacks.com reported 2025-02-26 that While the top- and bottom-line numbers for Montrose Environmental (MEG) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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 17.29% 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 -53.71% of loss for the given period.
Volatility was left at 6.51%, however, over the last 30 days, the volatility rate increased by 9.79%, as shares surge +10.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +43.40% upper at present.
During the last 5 trading sessions, MEG rose by +28.14%, which changed the moving average for the period of 200-days by -46.30% in comparison to the 20-day moving average, which settled at $19.40. In addition, Montrose Environmental Group Inc saw 24.69% 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:
- -0.05 for the present operating margin
- 0.38 for the gross margin
The net margin for Montrose Environmental Group Inc stands at -0.1. The total capital return value is set at -0.04. Equity return is now at value -12.30, with -6.77 for asset returns.
Based on Montrose Environmental Group Inc (MEG), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at -0.13. The debt to equity ratio resting at 0.17. The interest coverage ratio of the stock is -5.09.
Currently, EBITDA for the company is -28.48 million with net debt to EBITDA at 5.7. When we switch over and look at the enterprise to sales, we see a ratio of 1.23. The receivables turnover for the company is 4.38for trailing twelve months and the total asset turnover is 0.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.50.
Conclusion
In summary, Montrose Environmental Group Inc (MEG) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
