Myers Industries Inc (NYSE:MYE)’s traded shares stood at 0.4 million during the last session, with the company’s beta value hitting 1.08. At the close of trading, the stock’s price was $11.59, to imply an increase of 4.79% or $0.53 in intraday trading. The MYE share’s 52-week high remains $23.05, putting it -98.88% down since that peak but still an impressive 21.83% since price per share fell to its 52-week low of $9.06. The company has a valuation of $432.26M, with an average of 0.29 million shares in intraday trading volume over the past 10 days and average of 363.82K shares over the past 3 months.
Myers Industries Inc (NYSE:MYE) trade information
After registering a 4.79% upside in the last session, Myers Industries Inc (MYE) has traded red over the past five days. The 5-day price performance for the stock is 12.52%, and -8.23% over 30 days. With these gigs, the year-to-date price performance is 4.98%. Short interest in Myers Industries Inc (NYSE:MYE) saw shorts transact 0.72 million shares and set a 2.05 days time to cover.
The extremes give us $30 and $30 for target low and target high price respectively. As such, MYE has been trading -158.84% off suggested target high and -158.84% from its likely low.
Myers Industries Inc (MYE) estimates and forecasts
The rating firms project that company’s revenue will grow 0.83% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 224.2M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 209.9M.Earnings reports from the last fiscal year show that sales brought in 220.24M and 205.07M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 1.80% before jumping 2.36% in the following quarter.
MYE Dividends
Myers Industries Inc has its next earnings report out on 2025-Apr-30. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Myers Industries Inc has a forward dividend ratio of 0.54, with the share yield ticking at 4.66% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 3.1%.
Myers Industries Inc (NYSE:MYE)’s Major holders
Myers Industries Inc insiders hold 1.74% of total outstanding shares, with institutional holders owning 90.73% of the shares at 92.33% float percentage. In total, 90.73% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 5.65 million shares (or 15.1999% of shares), all amounting to roughly $75.61 million.
The next major institution holding the largest number of shares is GAMCO INVESTORS, INC. ET AL with 3.28 million shares, or about 8.8213% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $43.88 million.
We also have EQ Advisors Trust-1290 VT GAMCO Small Company Value Portfolio and ALLSPRING FUNDS TRUST-Allspring Special Small Cap Value Fund as the top two Mutual Funds with the largest holdings of the Myers Industries Inc (MYE) shares. Going by data provided on Dec 31, 2024 , EQ Advisors Trust-1290 VT GAMCO Small Company Value Portfolio holds roughly 1.74 shares. This is just over 4.65% of the total shares, with a market valuation of $20.11 million. Data from the same date shows that the other fund manager holds a little less at 1.68, or 4.49% of the shares, all valued at about 19.42 million.
