With 0.1 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.2 million shares. During the session, the Personal Services company that operates in wider Consumer Cyclical sector, reached to the highest price of $17.26 whereas the lowest price it dropped to was $16.72. The 52-week range on MED shows that it touched its highest point at $70.58 and its lowest point at $16.70 during that stretch. It currently has a 1-year price target of $16.50. MED paid its most recent dividend on 1694995200, while the ex-dividend date for that was 1694995200. Beta for the stock currently stands at 1.19.
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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 MED was down-trending over the past week, with a drop of -8.71%, but this was down by -7.82% over a month. Three-month performance dropped to -7.77% while six-month performance fell -15.15%. The stock lost -74.54% in the past year, while it has lost -74.75% so far this year. A look at the trailing 12-month EPS for MED yields 0.67 with Next year EPS estimates of 0.30. For the next quarter, that number is -0.16. This implies an EPS growth rate of -81.64% for this year and -83.05% for next year. EPS is expected to grow by 20.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 14.53%.
Float and Shares Shorts:
At present, 10.94 million MED shares are outstanding with a float of 10.61 million shares on hand for trading. On 2024-11-29, short shares totaled 1.62 million, which was 1481.9999 higher than short shares on 1730332800. In addition to Mr. Daniel R. Chard as the firm’s Executive Chairman & CEO, Mr. James P. Maloney CPA serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 0.86158997 of MED’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, MED reported revenue of $140163000.0 and operating income of $2106000.0. The EBITDA in the recently reported quarter was $5300000.0 and diluted EPS was $0.1.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MED since 3 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MED analysts setting a high price target of 17.0 and a low target of 16.0, the average target price over the next 12 months is 16.5. Based on these targets, MED could surge 0.18% to reach the target high and fall by -5.72% to reach the target low. Reaching the average price target will result in a decline of -2.77% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.92804 being high and $1.58036 being low. For MED, this leads to a yearly average estimate of $1.77. Based on analyst estimates, the high estimate for the next quarter is -$0.06 and the low estimate is -$0.32. The average estimate for the next quarter is thus -$0.19.
