A share price of Methode Electronics, Inc [MEI] is currently trading at $10.69, up 2.10%. An important factor to consider is whether the stock is rising or falling in short-term value. The MEI shares have gain 16.20% over the last week, with a monthly amount glided 16.32%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Methode Electronics, Inc [NYSE: MEI] stock has seen the most recent analyst activity on April 09, 2024, when Jefferies initiated its Hold rating and assigned the stock a price target of $12. Previously, Sidoti downgraded its rating to Neutral on March 07, 2024, and kept the price target unchanged to $17. On November 22, 2022, Jefferies initiated with a Buy rating and assigned a price target of $52 on the stock. Barrington Research started tracking the stock assigning a Mkt Perform rating. B. Riley FBR downgraded its rating to Neutral for this stock on March 19, 2020, and downed its price target to $24. In a note dated March 08, 2019, Craig Hallum upgraded an Buy rating on this stock and boosted its target price from $25 to $42.
Methode Electronics, Inc experienced fluctuations in its stock price throughout the past year between $8.54 and $25.34. Currently, Wall Street analysts expect the stock to reach $12.5 within the next 12 months. Methode Electronics, Inc [NYSE: MEI] shares were valued at $10.69 at the most recent close of the market. An investor can expect a potential return of 16.93% based on the average MEI price forecast.
Analyzing the MEI fundamentals
Trailing Twelve Months sales for Methode Electronics, Inc [NYSE:MEI] were 1.08B which represents -10.77% decline. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at -0.06%, Pretax Profit Margin comes in at -0.13%, and Net Profit Margin reading is -0.13%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -0.18 and Total Capital is -0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.41.
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 10.51 points at the first support level, and at 10.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.02, and for the 2nd resistance point, it is at 11.35.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Methode Electronics, Inc [NYSE:MEI] is 2.35. On the other hand, the Quick Ratio is 1.50, and the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 0.37, the price to book ratio is 0.51.
Transactions by insiders
Recent insider trading involved LINDSEY MARY A, Director, that happened on Sep 23 ’24 when 8800.0 shares were purchased. Director, Blom David P completed a deal on Sep 18 ’24 to buy 9320.0 shares.
