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Methode Electronics, Inc. (MEI) – Don’t Believe the Hype: Check The Facts

Methode Electronics, Inc. (NYSE: MEI) is -58.47% lower on its value in year-to-date trading and has touched a low of $8.54 and a high of $34.04 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MEI stock was last observed hovering at around $9.14 in the last trading session, with the day’s gains setting it 0.3%.

Currently trading at $9.44, the stock is -5.03% and -14.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.63 million and changing 3.28% at the moment leaves the stock -47.04% off its SMA200. MEI registered -71.21% loss for a year compared to 6-month loss of -55.81%.

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The stock witnessed a -16.61% gain in the last 1 month and extending the period to 3 months gives it a -25.14%, and is -5.60% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.37% over the week and 6.06% over the month.

Methode Electronics, Inc. (MEI) has around 6700 employees, a market worth around $334.08M and $1.14B in sales. Fwd P/E is 107.89. Profit margin for the company is -5.09%. Distance from 52-week low is 10.54% and -72.27% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.88%).

The EPS is expected to shrink by -138.93% this year

The shares outstanding are 35.82M, and float is at 32.93M with Short Float at 6.44%.

Methode Electronics, Inc. (MEI) Insider Activity

The most recent transaction is an insider purchase by DUDA DONALD W, the company’s Chief Executive Officer. SEC filings show that DUDA DONALD W bought 23,245 shares of the company’s common stock on Sep 21 ’23 at a price of $21.80 per share for a total of $0.51 million. Following the purchase, the insider now owns 23245.0 shares.

Methode Electronics, Inc. disclosed in a document filed with the SEC on Sep 20 ’23 that ASPATORE WALTER J (Director) bought a total of 1,000 shares of the company’s common stock. The trade occurred on Sep 20 ’23 and was made at $22.50 per share for $22500.0. Following the transaction, the insider now directly holds 19000.0 shares of the MEI stock.

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