Does Mastec Inc. (MTZ) offer a good opportunity for investors?

With 0.64 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.8 million shares. During the session, the Engineering & Construction company that operates in wider Industrials sector, reached to the highest price of $106.8399 whereas the lowest price it dropped to was $103.15. The 52-week range on MTZ shows that it touched its highest point at $123.33 and its lowest point at $44.65 during that stretch. It currently has a 1-year price target of $121.69. Beta for the stock currently stands at 1.64.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MTZ was up-trending over the past week, with a rise of 0.43%, but this was down by -4.00% over a month. Three-month performance surged to 22.14% while six-month performance rose 49.53%. The stock lost -10.43% in the past year, while it has gained 36.56% so far this year. A look at the trailing 12-month EPS for MTZ yields -0.14 with Next year EPS estimates of 4.25. For the next quarter, that number is 0.87. This implies an EPS growth rate of 48.46% for this year and 45.32% for next year.

Float and Shares Shorts:

At present, 79.28 million MTZ shares are outstanding with a float of 61.66 million shares on hand for trading. On 2024-06-28, short shares totaled 3.39 million, which was 427.00000000000006 higher than short shares on 1717113600. In addition to Mr. Jose Ramon Mas as the firm’s CEO & Director, Mr. Paul Dimarco serves as its Executive VP & CFO.

Institutional Ownership:

Through their ownership of 0.79197 of MTZ’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, MTZ reported revenue of $2686849000.0 and operating income of $515000.0. The EBITDA in the recently reported quarter was $147647000.0 and diluted EPS was -$0.53.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MTZ since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.