Montrose Environmental Group Inc (NYSE:MEG) has a beta value of 1.86 and has seen 1.47 million shares traded in the last trading session. The company, currently valued at $920.44M, closed the last trade at $26.89 per share which meant it gained $3.41 on the day or 14.52% during that session. The MEG stock price is -85.83% off its 52-week high price of $49.97 and 27.15% above the 52-week low of $19.59. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.82 million shares traded. The 3-month trading volume is 570.80K shares.
The consensus among analysts is that Montrose Environmental Group Inc (MEG) is Buy stock at the moment, with a recommendation rating of 1.14. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 8 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.09.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Montrose Environmental Group Inc (NYSE:MEG) trade information
Sporting 14.52% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the MEG stock price touched $26.89 or saw a rise of 4.24%. Year-to-date, Montrose Environmental Group Inc shares have moved -16.31%, while the 5-day performance has seen it change 28.35%. Over the past 30 days, the shares of Montrose Environmental Group Inc (NYSE:MEG) have changed -6.70%. Short interest in the company has seen 3.27 million shares shorted with days to cover at 5.45.
Wall Street analysts have a consensus price target for the stock at $52.5, which means that the shares’ value could jump 48.78% from current levels. The projected low price target is $51.0 while the price target rests at a high of $54.0. In that case, then, we find that the current price level is -100.82% off the targeted high while a plunge would see the stock gain -89.66% from current levels.
Montrose Environmental Group Inc (MEG) estimates and forecasts
Figures show that Montrose Environmental Group Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -35.90% over the past 6 months, with this year growth rate of 5.61%, compared to 5.70% for the industry. Revenue growth from the last financial year stood is estimated to be 14.20%.
6 analysts offering their estimates for the company have set an average revenue estimate of 185.47M for the current quarter. 6 have an estimated revenue figure of 195.59M for the next ending quarter. Year-ago sales stood 167.48M and 165.74M respectively for this quarter and the next, and analysts expect sales will grow by 10.70% for the current quarter and 14.20% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -10.88% over the past 5 years.
MEG Dividends
Montrose Environmental Group Inc is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Montrose Environmental Group Inc (NYSE:MEG)’s Major holders
Insiders own 6.90% of the company shares, while shares held by institutions stand at 101.50% with a share float percentage of 109.02%. Investors are also buoyed by the number of investors in a company, with Montrose Environmental Group Inc having a total of 265.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 2.52 million shares worth more than $112.15 million. As of 2024-06-30, BLACKROCK INC. held 8.284% of shares outstanding.
The other major institutional holder is UBS ASSET MANAGEMENT AMERICAS INC, with the holding of over 2.36 million shares as of 2024-06-30. The firm’s total holdings are worth over $105.36 million and represent 7.7828% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Federated Hermes Kaufmann Small Cap Fund and Vanguard Total Stock Market Index Fund . As of Jul 31, 2024 , the former fund manager holds about 3.94% shares in the company for having 1.35 shares of worth $36.3 million while later fund manager owns 962.46 shares of worth $25.88 million as of Jun 30, 2024 , which makes it owner of about 2.81% of company’s outstanding stock.
