A share price of Montrose Environmental Group Inc [MEG] is currently trading at $31.78, up 8.39%. An important factor to consider is whether the stock is rising or falling in short-term value. The MEG shares have gain 4.44% over the last week, with a monthly amount drifted -14.08%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, JP Morgan upgraded its rating to Overweight on November 09, 2023, and dropped its price target to $41. On March 02, 2023, downgrade downgraded it’s rating to Neutral but maintained its price target of $39 on the stock. BofA Securities upgraded its rating to a Buy. JP Morgan upgraded its rating to a Overweight but $47 remained the price target by the analyst firm on May 12, 2022. In a note dated December 08, 2021, BofA Securities downgraded an Neutral rating on this stock but restated the target price of $80.
Montrose Environmental Group Inc experienced fluctuations in its stock price throughout the past year between $21.96 and $49.97. Currently, Wall Street analysts expect the stock to reach $52.5 within the next 12 months. Montrose Environmental Group Inc [NYSE: MEG] shares were valued at $31.78 at the most recent close of the market. An investor can expect a potential return of 65.2% based on the average MEG price forecast.
Analyzing the MEG fundamentals
Trailing Twelve Months sales for Montrose Environmental Group Inc [NYSE:MEG] were 662.33M which represents 8.94% growth. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at -0.04%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.08 and Total Capital is -0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.59.
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 29.70 points at the first support level, and at 27.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.08, and for the 2nd resistance point, it is at 34.37.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Montrose Environmental Group Inc [NYSE:MEG] is 1.82. On the other hand, the Quick Ratio is 1.82, and the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 1.64, the price to book ratio is 2.42.
Transactions by insiders
Recent insider trading involved Manthripragada Vijay, President & CEO, that happened on May 06 ’24 when 12500.0 shares were sold. Chief Financial Officer, Dicks Allan completed a deal on Nov 10 ’23 to buy 2000.0 shares. Meanwhile, Director Field Janet Risi bought 500.0 shares on Nov 10 ’23.
