With 78982.0 shares changed hands, the volume of the stock remained lighter than its average volume of 91090.0 shares. During the session, the Other Industrial Metals & Mining company that operates in wider Basic Materials sector, reached to the highest price of $98.42 whereas the lowest price it dropped to was $95.45. The 52-week range on MTRN shows that it touched its highest point at $145.08 and its lowest point at $95.01 during that stretch. It currently has a 1-year price target of $133.75. With its current market cap of 2.02 billion, MTRN has annualized dividend of $0.54 while the current yield stands at 0.55%. Beta for the stock currently stands at 1.23.
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 MTRN was down-trending over the past week, with a drop of -1.77%, but this was down by -12.47% over a month. Three-month performance dropped to -7.72% while six-month performance fell -7.97%. The stock lost -21.50% in the past year, while it has lost -1.77% so far this year. A look at the trailing 12-month EPS for MTRN yields 3.55 with Next year EPS estimates of 6.06. For the next quarter, that number is 1.46. This implies an EPS growth rate of -6.88% for this year and 15.31% for next year. EPS is expected to grow by 18.50% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 35.25%.
Float and Shares Shorts:
At present, 20.75 million MTRN shares are outstanding with a float of 20.39 million shares on hand for trading. On 2024-12-13, short shares totaled 0.37 million, which was 176.0 higher than short shares on 1731628800. In addition to Mr. Jugal K. Vijayvargiya as the firm’s CEO, President & Director, Ms. Shelly M. Chadwick serves as its CFO & VP of Finance.
Institutional Ownership:
Through their ownership of 0.94777 of MTRN’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 2024-09-27, MTRN reported revenue of $436715000.0 and operating income of $34844000.0. The EBITDA in the recently reported quarter was $52704000.0 and diluted EPS was $1.07.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MTRN since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 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 MTRN analysts setting a high price target of 140.0 and a low target of 125.0, the average target price over the next 12 months is 133.75. Based on these targets, MTRN could surge 44.14% to reach the target high and rise by 28.69% to reach the target low. Reaching the average price target will result in a growth of 37.7% 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 $5.28201 being high and $5.21198 being low. For MTRN, this leads to a yearly average estimate of $5.252.
