Mayville Engineering Company Inc [NYSE: MEC] loss -0.13% on the last trading session, reaching $15.16 price per share at the time.
If compared to the average trading volume of 116.77K shares, MEC reached a trading volume of 114917 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Mayville Engineering Company Inc [MEC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MEC shares is $18.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MEC stock is a recommendation set at 1.67. 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.
Northland Capital have made an estimate for Mayville Engineering Company Inc shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on November 07, 2024. The new note on the price target was released on June 09, 2023, representing the official price target for Mayville Engineering Company Inc stock. Previously, the target price had yet another raise to $20, while Northland Capital analysts kept a Outperform rating on MEC stock. On November 03, 2022, analysts increased their price target for MEC shares from 7 to 15.
The Average True Range (ATR) for Mayville Engineering Company Inc is set at 0.61, with the Price to Sales ratio for MEC stock in the period of the last 12 months amounting to 0.56. The Price to Book ratio for the last quarter was 1.24, with the Price to Cash per share for the same quarter was set at 0.01. Price to Free Cash Flow for MEC in the course of the last twelve months was 4.12 with Quick ratio for the last quarter at 0.85.
Trading performance analysis for MEC stock
Mayville Engineering Company Inc [MEC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.76. With this latest performance, MEC shares gained by 23.65% in over the last four-week period, additionally sinking by -9.00% over the last 6 months – not to mention a drop of -3.44% 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 MEC stock in for the last two-week period is set at 60.68, with the RSI for the last a single of trading hit 59.56, and the three-weeks RSI is set at 58.99 for Mayville Engineering Company Inc [MEC]. The present Moving Average for the last 50 days of trading for this stock 13.62, while it was recorded at 15.40 for the last single week of trading, and 16.60 for the last 200 days.
Mayville Engineering Company Inc [MEC]: A deeper dive into fundamental analysis
Mayville Engineering Company Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.85 and a Current Ratio set at 1.67.
Mayville Engineering Company Inc [MEC]: An earnings per share (EPS) analysis
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 MEC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Mayville Engineering Company Inc go to 29.30%.
An analysis of Institutional ownership at Mayville Engineering Company Inc [MEC]
There are presently around $62.36%, or 90.51%% of MEC stock, in the hands of institutional investors. The top three institutional holders of MEC stocks are: ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC with ownership of 2.58 million shares, which is approximately 12.5189%. BLACKROCK INC., holding 0.85 million shares of the stock with an approximate value of $$14.15 million in MEC stocks shares; and BLACKROCK INC., currently with $$11.0 million in MEC stock with ownership which is approximately 3.2043%.
