Methode Electronics, Inc (NYSE: MEI) is -51.96% lower on its value in year-to-date trading and has touched a low of $8.54 and a high of $25.34 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 $10.73 in the last trading session, with the day’s gains setting it 0.19%.
Currently trading at $10.92, the stock is 11.84% and 5.19% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.19 million and changing 1.77% at the moment leaves the stock -8.47% off its SMA200. MEI registered -53.98% loss for a year compared to 6-month loss of -7.77%. The firm has a 50-day simple moving average (SMA 50) of $10.3822 and a 200-day simple moving average (SMA200) of $11.97835.
The stock witnessed a 15.80% gain in the last 1 month and extending the period to 3 months gives it a 4.70%, and is 20.93% 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 5.59% over the week and 4.66% over the month.
Methode Electronics, Inc (MEI) has around 7500 employees, a market worth around $384.88M and $1.08B in sales. Fwd P/E is 19.59. Profit margin for the company is -13.15%. Distance from 52-week low is 27.87% and -56.91% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.44%).
Methode Electronics, Inc quarterly earnings per share for the current quarter are estimated at -0.16 with sales reaching $268.47M over the same period.The EPS is expected to grow by 83.55% this year, but quarterly earnings will post -3.06% year-over-year. Quarterly sales are estimated to shrink -6.78% in year-over-year returns.
232.0 institutions hold shares in Methode Electronics, Inc (MEI), with institutional investors hold 102.81% of the company’s shares. The shares outstanding are 35.30M, and float is at 32.75M with Short Float at 4.99%. Institutions hold 96.67% of the Float.
The top institutional shareholder in the company is FMR LLC with over 5.31 million shares valued at $54.94 million. The investor’s holdings represent 15.0264 of the MEI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.63 million shares valued at $37.58 million to account for 10.2768 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 2.98 million shares representing 8.4311 and valued at over $30.83 million, while FEDERATED HERMES, INC. holds 4.7862 of the shares totaling 1.69 million with a market value of $17.5 million.
Methode Electronics, Inc (MEI) Insider Activity
The most recent transaction is an insider purchase by LINDSEY MARY A, the company’s Director. SEC filings show that LINDSEY MARY A bought 8,800 shares of the company’s common stock on Sep 23 ’24 at a price of $11.38 per share for a total of $0.1 million. Following the purchase, the insider now owns 25970.0 shares.
Methode Electronics, Inc disclosed in a document filed with the SEC on Sep 18 ’24 that Blom David P (Director) bought a total of 9,320 shares of the company’s common stock. The trade occurred on Sep 18 ’24 and was made at $10.81 per share for $0.1 million. Following the transaction, the insider now directly holds 37531.0 shares of the MEI stock.
