With 1.33 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.25 million shares. The 52-week range on MLYS shows that it touched its highest point at $18.38 and its lowest point at $8.24 during that stretch. It currently has a 1-year price target of $39.29. Beta for the stock currently stands at -0.23.
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 MLYS was down-trending over the past week, with a drop of -1.60%, but this was up by 10.66% over a month. Three-month performance surged to 50.59% while six-month performance rose 2.95%. The stock gained 18.79% in the past year, while it has gained 24.78% so far this year. A look at the trailing 12-month EPS for MLYS yields -3.74 with Next year EPS estimates of -3.34. For the next quarter, that number is -0.75. This implies an EPS growth rate of 10.24% for this year and -1.53% for next year. EPS is expected to decline by -0.33% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -170.42%.
Float and Shares Shorts:
At present, 64.88 million MLYS shares are outstanding with a float of 38.99 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 MLYS since 2 analysts follow the stock currently. There are 2 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.
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 -$3.18099 being high and -$3.95834 being low. For MLYS, this leads to a yearly average estimate of -$3.71286. Based on analyst estimates, the high estimate for the next quarter is -$0.55 and the low estimate is -$0.92. The average estimate for the next quarter is thus -$0.76.
