Myers Industries Inc [MYE] stock prices are up 1.12% to $11.73 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MYE shares have gain 10.24% over the last week, with a monthly amount drifted -4.01%, and not 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.
The stock price of Myers Industries Inc [MYE] has been fluctuating between $10.35 and $23.63 over the past year. Currently, Wall Street analysts expect the stock to reach $30 within the next 12 months. Myers Industries Inc [NYSE: MYE] shares were valued at $11.73 at the most recent close of the market. An investor can expect a potential return of 155.75% based on the average MYE price forecast.
Analyzing the MYE fundamentals
The Myers Industries Inc [NYSE:MYE] reported sales of 823.48M for trailing twelve months, representing a surge of 3.67%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.55.
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 11.56 points at the first support level, and at 11.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.88, and for the 2nd resistance point, it is at 12.03.
Ratios To Look Out For
It’s worth pointing out that Myers Industries Inc [NYSE:MYE]’s Current Ratio is 1.80. In addition, the Quick Ratio stands at 1.11 and the Cash Ratio stands at 0.19. Considering the valuation of this stock, the price to sales ratio is 0.53, the price to book ratio is 1.58 and price to earnings (TTM) ratio is 28.25.
Transactions by insiders
Recent insider trading involved Basque Dave, Interim President & CEO, that happened on Dec 09 ’24 when 5000.0 shares were purchased. Interim President & CEO, Basque Dave completed a deal on Dec 05 ’24 to buy 5000.0 shares. Meanwhile, Interim President & CEO Basque Dave bought 5000.0 shares on Dec 03 ’24.
