Methanex Corp. (NASDAQ: MEOH) is -6.59% lower on its value in year-to-date trading and has touched a low of $36.13 and a high of $56.43 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 MEOH stock was last observed hovering at around $42.82 in the last trading session, with the day’s gains setting it 1.42%.
Currently trading at $44.24, the stock is 10.28% and 2.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.58 million and changing 3.32% at the moment leaves the stock -4.72% off its SMA200. MEOH registered 2.38% gain for a year compared to 6-month loss of -10.54%. The firm has a 50-day simple moving average (SMA 50) of $42.989 and a 200-day simple moving average (SMA200) of $46.42305.
The stock witnessed a -0.81% gain in the last 1 month and extending the period to 3 months gives it a -6.53%, and is 6.94% up 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 3.12% over the week and 3.56% over the month.
Methanex Corp. (MEOH) has around 1451 employees, a market worth around $2.98B and $3.58B in sales. Current P/E ratio is 20.53 and Fwd P/E is 11.23. Profit margin for the company is 4.06%. Distance from 52-week low is 22.45% and -21.60% from its 52-week high. The company has generated returns on investments over the last 12 months (3.19%).
The EPS is expected to grow by 15.78% this year
245.0 institutions hold shares in Methanex Corp. (MEOH), with institutional investors hold 83.16% of the company’s shares. The shares outstanding are 67.39M, and float is at 66.93M with Short Float at 0.75%. Institutions hold 82.86% of the Float.
The top institutional shareholder in the company is M&G PLC with over 13.03 million shares valued at $625.27 million. The investor’s holdings represent 19.3308 of the MEOH Shares outstanding. As of 2024-06-30, the second largest holder is FIL LTD with 7.67 million shares valued at $370.51 million to account for 11.388 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 4.79 million shares representing 7.1009 and valued at over $230.95 million, while FMR LLC holds 5.1801 of the shares totaling 3.49 million with a market value of $168.5 million.
