At the time of writing, Myers Industries Inc [MYE] stock is trading at $12.03, up 3.71%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MYE shares have gain 8.09% over the last week, with a monthly amount glided 2.12%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Myers Industries Inc [NYSE: MYE] stock has seen the most recent analyst activity on November 06, 2024, when KeyBanc Capital Markets downgraded its rating to a Sector Weight. Previously, TD Cowen downgraded its rating to Market Perform on March 02, 2023, and dropped its price target to $23.75. On December 18, 2020, upgrade upgraded it’s rating to Overweight but maintained its price target of $25 on the stock. Cowen upgraded its rating to a Outperform and increased its price target to $22 on August 27, 2019. Robert W. Baird started tracking with a Neutral rating for this stock on July 11, 2018, and assigned it a price target of $21. In a note dated July 11, 2018, JP Morgan initiated an Neutral rating and provided a target price of $22 on this stock.
For the past year, the stock price of Myers Industries Inc fluctuated between $10.35 and $23.63. Currently, Wall Street analysts expect the stock to reach $30 within the next 12 months. Myers Industries Inc [NYSE: MYE] shares were valued at $12.03 at the most recent close of the market. An investor can expect a potential return of 149.38% based on the average MYE price forecast.
Analyzing the MYE fundamentals
According to Myers Industries Inc [NYSE:MYE], the company’s sales were 823.48M for trailing twelve months, which represents an 3.67% jump. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.05 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.43.
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 11.66 points at the first support level, and at 11.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.25, and for the 2nd resistance point, it is at 12.46.
Ratios To Look Out For
It is important to note that Myers Industries Inc [NYSE:MYE] has a current ratio of 1.80. As well, the Quick Ratio is 1.11, while the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 0.55, the price to book ratio is 1.62 and price to earnings (TTM) ratio is 28.97.
Transactions by insiders
Recent insider trading involved Kramer Jeffrey, Director, that happened on Nov 27 ’24 when 1000.0 shares were purchased. Director, Bright Yvette Dapremont completed a deal on Nov 27 ’24 to buy 1000.0 shares. Meanwhile, Director LIEBAU FREDERIC JACK JR bought 7000.0 shares on Nov 27 ’24.
