With 0.67 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.2 million shares. During the session, the Packaging & Containers company that operates in wider Consumer Cyclical sector, reached to the highest price of $12.3 whereas the lowest price it dropped to was $11.55. The 52-week range on MYE shows that it touched its highest point at $23.63 and its lowest point at $10.77 during that stretch. It currently has a 1-year price target of $22.00. With its current market cap of 455.32 million, MYE has annualized dividend of $0.54 while the current yield stands at 4.42%. Beta for the stock currently stands at 1.26.
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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 MYE was up-trending over the past week, with a rise of 1.33%, but this was down by -2.47% over a month. Three-month performance dropped to -10.48% while six-month performance fell -31.96%. The stock lost -32.41% in the past year, while it has lost -37.49% so far this year. A look at the trailing 12-month EPS for MYE yields 0.42 with Next year EPS estimates of 1.17. For the next quarter, that number is 0.10. This implies an EPS growth rate of -31.65% for this year and 23.16% for next year.
Float and Shares Shorts:
At present, 36.85 million MYE shares are outstanding with a float of 36.59 million shares on hand for trading. On 2024-10-15, short shares totaled 0.83 million, which was 222.00000000000003 higher than short shares on 1726185600. In addition to Mr. Grant E. Fitz as the firm’s Executive VP & CFO, Mr. Jeffrey Jon Baker serves as its President of Distribution Segment.
Institutional Ownership:
Through their ownership of 0.94117 of MYE’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 2024-09-30, MYE reported revenue of $205067000.0 and operating income of $17444000.0. The EBITDA in the recently reported quarter was $27640000.0 and diluted EPS was -$0.29.
Analysts Ratings:
In the same way, a target price assigned to a stock can also reveal much about its potential. With MYE analysts setting a high price target of 22.0 and a low target of 22.0, the average target price over the next 12 months is 22.0. Based on these targets, MYE could surge 80.03% to reach the target high and rise by 80.03% to reach the target low. Reaching the average price target will result in a growth of 80.03% from current levels.
Analysts have provided yearly estimates in a range of $1.21062 being high and $1.05929 being low. For MYE, this leads to a yearly average estimate of $1.14. The surprise factor in the prior quarter was $0.31. Based on analyst estimates, the high estimate for the next quarter is $0.24 and the low estimate is $0.24. The average estimate for the next quarter is thus $0.24.
