In last trading session, Methode Electronics, Inc (NYSE:MEI) saw 0.91 million shares changing hands with its beta currently measuring 0.94. Company’s recent per share price level of $6.33 trading at -$0.08 or -1.25% at ring of the bell on the day assigns it a market valuation of $225.92M. That closing price of MEI’s stock is at a discount of -175.67% from its 52-week high price of $17.45 and is indicating a premium of 7.74% from its 52-week low price of $5.84. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.76 million shares which gives us an average trading volume of 392.24K if we extend that period to 3-months.

For Methode Electronics, Inc (MEI), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.33. Splitting up the data highlights that, out of 3 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.04 in the current quarter.

Methode Electronics, Inc (NYSE:MEI) trade information

Upright in the red during last session for losing -1.25%, in the last five days MEI remained trading in the red while hitting it’s week-highest on Thursday, 03/06/25 when the stock touched $6.33 price level, adding 22.43% to its value on the day. Methode Electronics, Inc’s shares saw a change of -46.31% in year-to-date performance and have moved -35.54% in past 5-day. Methode Electronics, Inc (NYSE:MEI) showed a performance of -37.39% in past 30-days. Number of shares sold short was 1.82 million shares which calculate 7.03 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 9 to the stock, which implies a rise of 29.67% to its current value. Analysts have been projecting 9 as a low price target for the stock while placing it at a high target of 9. It follows that stock’s current price would drop -42.18% in reaching the projected high whereas dropping to the targeted low would mean a loss of -42.18% for stock’s current value.

Methode Electronics, Inc (MEI) estimates and forecasts

This year revenue growth is estimated to fall -9.50% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 217.64M for the same. And 2 analysts are in estimates of company making revenue of 259.29M in the next quarter. Company posted 277.3M and 258.5M of sales in current and next quarters respectively a year earlier.

MEI Dividends

Methode Electronics, Inc is more likely to be releasing its next quarterly report on 2025-Mar-04 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 6.64%, the share has a forward dividend of 0.42 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 2.16%.

Methode Electronics, Inc (NYSE:MEI)’s Major holders

Insiders are in possession of 6.01% of company’s total shares while institution are holding 95.10 percent of that, with stock having share float percentage of 101.18%. Investors also watch the number of corporate investors in a company very closely, which is 95.10% institutions for Methode Electronics, Inc that are currently holding shares of the company. FMR LLC is the top institutional holder at MEI for having 5.31 million shares of worth $54.94 million. And as of 2024-06-30, it was holding 15.0264 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 3.63 million shares on 2024-06-30. The number of shares represents firm’s hold over 10.2768 of outstanding shares, having a total worth of $37.58 million.