Montrose Environmental Group Inc [NYSE: MEG] stock went on an upward path that rose over 2.31% on Thursday, amounting to a one-week price increase of more than 14.16%.
Over the last 12 months, MEG stock dropped by -65.22%. The one-year Montrose Environmental Group Inc stock forecast points to a potential upside of 51.37. The average equity rating for MEG stock is currently 1.83, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $505.74 million, with 34.31 million shares outstanding and 30.45 million shares in the current float. Compared to the average trading volume of 541.65K shares, MEG stock reached a trading volume of 357506 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Montrose Environmental Group Inc [MEG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MEG shares is $30.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MEG stock is a recommendation set at 1.83. 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.
Needham have made an estimate for Montrose Environmental Group Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 04, 2025. While these analysts kept the previous recommendation, Needham dropped their target price from $44 to $39. The new note on the price target was released on December 19, 2024, representing the official price target for Montrose Environmental Group Inc stock. Previously, the target price had yet another drop from $48 to $29, while JP Morgan kept a Neutral rating on MEG stock.
The Average True Range (ATR) for Montrose Environmental Group Inc is set at 1.16, with the Price to Sales ratio for MEG stock in the period of the last 12 months amounting to 0.73. The Price to Book ratio for the last quarter was 1.12, with the Price to Cash per share for the same quarter was set at 0.37. Price to Free Cash Flow for MEG in the course of the last twelve months was 561.93 with Quick ratio for the last quarter at 1.50.
MEG Stock Performance Analysis:
Montrose Environmental Group Inc [MEG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 14.16. With this latest performance, MEG shares dropped by -5.20% in over the last four-week period, additionally sinking by -45.74% over the last 6 months – not to mention a drop of -65.22% 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 MEG stock in for the last two-week period is set at 50.39, with the RSI for the last a single of trading hit 58.52, and the three-weeks RSI is set at 46.92 for Montrose Environmental Group Inc [MEG]. The present Moving Average for the last 50 days of trading for this stock 16.42, while it was recorded at 14.14 for the last single week of trading, and 23.43 for the last 200 days.
Insight into Montrose Environmental Group Inc Fundamentals:
Montrose Environmental Group Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.50.
Montrose Environmental Group Inc [MEG] Institutonal Ownership Details
There are presently around $102.53%, or 110.28%% of MEG stock, in the hands of institutional investors. The top three institutional holders of MEG stocks are: BLACKROCK INC. with ownership of 2.52 million shares, which is approximately 7.5538%. UBS ASSET MANAGEMENT AMERICAS INC, holding 2.36 million shares of the stock with an approximate value of $$105.36 million in MEG stocks shares; and UBS ASSET MANAGEMENT AMERICAS INC, currently with $$78.0 million in MEG stock with ownership which is approximately 5.762%.
