With 1.46 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.37 million shares. The 52-week range on MEI shows that it touched its highest point at $17.45 and its lowest point at $6.80 during that stretch. It currently has a 1-year price target of $11.50. With its current market cap of 233.77 million, MEI has annualized dividend of $0.56 while the current yield stands at 8.55%. Beta for the stock currently stands at 0.87.
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 MEI was down-trending over the past week, with a drop of -39.91%, but this was down by -40.67% over a month. Three-month performance dropped to -40.94% while six-month performance fell -34.89%. The stock lost -68.06% in the past year, while it has lost -44.44% so far this year. A look at the trailing 12-month EPS for MEI yields -2.59 with Next year EPS estimates of 0.59. For the next quarter, that number is 0.04. This implies an EPS growth rate of 82.04% for this year and 194.40% for next year.
Float and Shares Shorts:
At present, 35.66 million MEI shares are outstanding with a float of 33.16 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MEI 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.
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 -$0.79804 being high and -$0.80584 being low. For MEI, this leads to a yearly average estimate of -$0.80194. Based on analyst estimates, the high estimate for the next quarter is $0.09 and the low estimate is $0.02. The average estimate for the next quarter is thus $0.05.
