Mistras Group Inc [NYSE: MG] plunged by -$0.01 during the normal trading session on while it closed the day at $7.39.
Mistras Group Inc stock has also loss -7.04% of its value over the past 7 days. However, MG stock has declined by -24.44% in the 3 months of the year. Over the past six months meanwhile, it has lost -18.97% and lost -18.43% year-on date.
The market cap for MG stock reached $231.53 million, with 31.33 million shares outstanding and 18.30 million shares in the current float. Compared to the average trading volume of 169.24K shares, MG reached a trading volume of 130234 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Mistras Group Inc [MG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MG shares is $13.17 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MG 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.
BofA Securities have made an estimate for Mistras Group Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 17, 2022. While these analysts kept the previous recommendation, Sidoti raised their target price to Buy. The new note on the price target was released on July 10, 2020, representing the official price target for Mistras Group Inc stock.
The Average True Range (ATR) for Mistras Group Inc is set at 0.37, with the Price to Sales ratio for MG stock in the period of the last 12 months amounting to 0.33. The Price to Book ratio for the last quarter was 1.17, with the Price to Cash per share for the same quarter was set at 0.59. Price to Free Cash Flow for MG in the course of the last twelve months was 6.17 with Quick ratio for the last quarter at 1.38.
MG stock trade performance evaluation
Mistras Group Inc [MG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.04. With this latest performance, MG shares dropped by -20.37% in over the last four-week period, additionally sinking by -18.97% over the last 6 months – not to mention a drop of -15.93% 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 MG stock in for the last two-week period is set at 28.65, with the RSI for the last a single of trading hit 24.49, and the three-weeks RSI is set at 31.97 for Mistras Group Inc [MG]. The present Moving Average for the last 50 days of trading for this stock 9.23, while it was recorded at 7.62 for the last single week of trading, and 9.90 for the last 200 days.
Mistras Group Inc [MG]: An insightful look at the core fundamentals
Mistras Group Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.38 and a Current Ratio set at 1.50.
Mistras Group Inc [MG]: Institutional Ownership
There are presently around $51.87%, or 89.96%% of MG stock, in the hands of institutional investors. The top three institutional holders of MG stocks are: MILL ROAD CAPITAL MANAGEMENT LLC with ownership of 1.53 million shares, which is approximately 4.9295%. ROYCE & ASSOCIATES LP, holding 1.52 million shares of the stock with an approximate value of $$12.6 million in MG stocks shares; and ROYCE & ASSOCIATES LP, currently with $$11.48 million in MG stock with ownership which is approximately 4.4684%.
