Myers Industries Inc [NYSE: MYE] slipped around -0.04 points on Tuesday, while shares priced at $11.25 at the close of the session, down -0.35%.
Compared to the average trading volume of 275.47K shares, MYE reached a trading volume of 6520721 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Myers Industries Inc [MYE]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MYE shares is $22.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MYE stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
KeyBanc Capital Markets have made an estimate for Myers Industries Inc shares, keeping their opinion on the stock as Sector Weight, with their previous recommendation back on November 06, 2024. While these analysts kept the previous recommendation, TD Cowen dropped their target price from $28.50 to $23.75. The new note on the price target was released on March 02, 2023, representing the official price target for Myers Industries Inc stock. Previously, the target price had yet another raise to $25, while KeyBanc Capital Markets analysts kept a Overweight rating on MYE stock. On August 27, 2019, analysts increased their price target for MYE shares from 20 to 22.
The Average True Range (ATR) for Myers Industries Inc is set at 0.54, with the Price to Sales ratio for MYE stock in the period of the last 12 months amounting to 0.51. The Price to Book ratio for the last quarter was 1.52, with the Price to Cash per share for the same quarter was set at 0.80. Price to Free Cash Flow for MYE in the course of the last twelve months was 9.02 with Quick ratio for the last quarter at 1.11.
How has MYE stock performed recently?
Myers Industries Inc [MYE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.12. With this latest performance, MYE shares dropped by -10.22% in over the last four-week period, additionally sinking by -26.66% over the last 6 months – not to mention a drop of -35.31% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MYE stock in for the last two-week period is set at 40.65, with the RSI for the last a single of trading hit 41.26, and the three-weeks RSI is set at 40.47 for Myers Industries Inc [MYE]. The present Moving Average for the last 50 days of trading for this stock 12.54, while it was recorded at 11.32 for the last single week of trading, and 16.07 for the last 200 days.
Myers Industries Inc [MYE]: Deeper insight into the fundamentals
Myers Industries Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.11 and a Current Ratio set at 1.80.
Earnings analysis for Myers Industries Inc [MYE]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MYE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Myers Industries Inc go to 20.00%.
Insider trade positions for Myers Industries Inc [MYE]
There are presently around $93.21%, or 94.83%% of MYE stock, in the hands of institutional investors. The top three institutional holders of MYE stocks are: BLACKROCK INC. with ownership of 5.65 million shares, which is approximately 15.3117%. GAMCO INVESTORS, INC. ET AL, holding 3.28 million shares of the stock with an approximate value of $$43.88 million in MYE stocks shares; and GAMCO INVESTORS, INC. ET AL, currently with $$40.17 million in MYE stock with ownership which is approximately 8.1338%.
