In last trading session, Montrose Environmental Group Inc (NYSE:MEG) saw 0.49 million shares changing hands with its beta currently measuring 1.88. Company’s recent per share price level of $27.29 trading at -$0.24 or -0.87% at ring of the bell on the day assigns it a market valuation of $934.14M. That closing price of MEG’s stock is at a discount of -83.11% from its 52-week high price of $49.97 and is indicating a premium of 19.53% from its 52-week low price of $21.96. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.58 million shares which gives us an average trading volume of 479.51K if we extend that period to 3-months.
For Montrose Environmental Group Inc (MEG), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.14. Splitting up the data highlights that, out of 8 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.08 in the current quarter.
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Montrose Environmental Group Inc (NYSE:MEG) trade information
Upright in the red during last session for losing -0.87%, in the last five days MEG remained trading in the red while hitting it’s week-highest on Tuesday, 09/24/24 when the stock touched $27.29 price level, adding 7.49% to its value on the day. Montrose Environmental Group Inc’s shares saw a change of -15.06% in year-to-date performance and have moved -5.31% in past 5-day. Montrose Environmental Group Inc (NYSE:MEG) showed a performance of -15.09% in past 30-days. Number of shares sold short was 2.38 million shares which calculate 6.66 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 52.5 to the stock, which implies a rise of 48.02% to its current value. Analysts have been projecting 51 as a low price target for the stock while placing it at a high target of 54. It follows that stock’s current price would drop -86.88% in reaching the projected high whereas dropping to the targeted low would mean a loss of -86.88% for stock’s current value.
Montrose Environmental Group Inc (MEG) estimates and forecasts
Statistics highlight that Montrose Environmental Group Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -30.33% of value to its shares in past 6 months, showing an annual growth rate of 5.61% while that of industry is 5.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 14.20% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 185.47M for the same. And 6 analysts are in estimates of company making revenue of 195.59M in the next quarter. Company posted 167.48M and 165.74M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -10.88% during past 5 years.
Montrose Environmental Group Inc (NYSE:MEG)’s Major holders
Insiders are in possession of 6.90% of company’s total shares while institution are holding 100.20 percent of that, with stock having share float percentage of 107.62%. Investors also watch the number of corporate investors in a company very closely, which is 100.20% institutions for Montrose Environmental Group Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at MEG for having 2.52 million shares of worth $112.15 million. And as of 2024-06-30, it was holding 8.284 of the company’s outstanding shares.
The second largest institutional holder is UBS ASSET MANAGEMENT AMERICAS INC, which was holding about 2.36 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.7828 of outstanding shares, having a total worth of $105.36 million.
