The stock of Myers Industries Inc (MYE) has seen a 16.62% increase in the past week, with a 0.98% gain in the past month, and a 3.24% flourish in the past quarter. The volatility ratio for the week is 6.57%, and the volatility levels for the past 30 days are at 3.69% for MYE. The simple moving average for the last 20 days is 8.98% for MYE stock, with a simple moving average of -4.76% for the last 200 days.
Is It Worth Investing in Myers Industries Inc (NYSE: MYE) Right Now?
The price-to-earnings ratio for Myers Industries Inc (NYSE: MYE) is above average at 29.91x, Company’s 36-month beta value is 1.20.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for MYE is 36.55M, and currently, short sellers hold a 2.04% ratio of that floaft. The average trading volume of MYE on March 06, 2025 was 305.54K shares.
MYE) stock’s latest price update
The stock of Myers Industries Inc (NYSE: MYE) has increased by 27.52 when compared to last closing price of 9.74. Despite this, the company has experienced a 16.62% gain in its stock price over the last five trading sessions. businesswire.com reported 2025-03-06 that AKRON, Ohio–(BUSINESS WIRE)–Myers Industries Announces Fourth Quarter and Full Year 2024 Results.
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 8.12% 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 -47.44% of loss for the given period.
Volatility was left at 3.69%, however, over the last 30 days, the volatility rate increased by 6.57%, as shares sank -0.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.17% upper at present.
During the last 5 trading sessions, MYE rose by +14.55%, which changed the moving average for the period of 200-days by -28.24% in comparison to the 20-day moving average, which settled at $11.39. In addition, Myers Industries Inc saw 12.50% 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 MYE starting from Basque Dave, who purchase 5,000 shares at the price of $12.41 back on Dec 09 ’24. After this action, Basque Dave now owns 39,152 shares of Myers Industries Inc, valued at $62,050 using the latest closing price.
Basque Dave, the Interim President & CEO of Myers Industries Inc, purchase 5,000 shares at $12.13 during a trade that took place back on Dec 05 ’24, which means that Basque Dave is holding 34,152 shares at $60,650 based on the most recent closing price.
Stock Fundamentals for MYE
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.32 for the gross margin
The net margin for Myers Industries Inc stands at 0.01. The total capital return value is set at 0.06. 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 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 1.49. The interest coverage ratio of the stock is 1.46.
Currently, EBITDA for the company is 44.48 million with net debt to EBITDA at 5.16. 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 7.65for trailing twelve months and the total asset turnover is 0.97. 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 better 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.
