Methanex Corp. [MEOH] stock is trading at $44.86, up 1.40%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MEOH shares have gain 4.13% over the last week, with a monthly amount glided 6.89%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Methanex Corp. [NASDAQ: MEOH] stock has seen the most recent analyst activity on February 08, 2024, when UBS upgraded its rating to a Buy and also boosted its price target to $60 from $51. Previously, UBS upgraded its rating to Neutral on November 02, 2023, and elevated its price target to $45. On October 30, 2023, upgrade upgraded it’s rating to Sector Outperform and revised its price target to $54 on the stock. Raymond James upgraded its rating to a Outperform and increased its price target to $60 on September 19, 2023. Scotiabank downgraded its rating to a Sector Perform and reduced its price target to $47 on June 12, 2023. Piper Sandler upgraded its rating to Neutral for this stock on April 12, 2023, and upped its price target to $49. In a note dated March 13, 2023, Alembic Global Advisors upgraded an Overweight rating on this stock and boosted its target price from $40 to $60.
Methanex Corp. [MEOH] stock has fluctuated between $38.18 and $49.48 over the past year. Currently, Wall Street analysts expect the stock to reach $56.39 within the next 12 months. Methanex Corp. [NASDAQ: MEOH] shares were valued at $44.86 at the most recent close of the market. An investor can expect a potential return of 25.7% based on the average MEOH price forecast.
Analyzing the MEOH fundamentals
Methanex Corp. [NASDAQ:MEOH] reported sales of 3.72B for the trailing twelve months, which represents a drop of -6.46%. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.1 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.17.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 44.31 points at the first support level, and at 43.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.18, and for the 2nd resistance point, it is at 45.50.
Ratios To Look Out For
For context, Methanex Corp.’s Current Ratio is 1.14. In addition, the Quick Ratio stands at 0.81 and the Cash Ratio stands at 0.35. Considering the valuation of this stock, the price to sales ratio is 0.81, the price to book ratio is 1.57 and price to earnings (TTM) ratio is 17.54.
