Myers Industries Inc (NYSE: MYE) is -41.74% lower on its value in year-to-date trading and has touched a low of $10.35 and a high of $23.63 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 MYE stock was last observed hovering at around $11.33 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $11.39, the stock is -3.89% and -4.90% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.12 million and changing 0.53% at the moment leaves the stock -25.65% off its SMA200. MYE registered -42.71% loss for a year compared to 6-month loss of -15.06%. The firm has a 50-day simple moving average (SMA 50) of $12.0086 and a 200-day simple moving average (SMA200) of $15.36735.
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The stock witnessed a 2.34% gain in the last 1 month and extending the period to 3 months gives it a -17.34%, and is -7.55% 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 3.70% over the week and 4.02% over the month.
Myers Industries Inc (MYE) has around 2500 employees, a market worth around $426.64M and $823.48M in sales. Current P/E ratio is 27.43 and Fwd P/E is 9.74. Profit margin for the company is 1.88%. Distance from 52-week low is 10.05% and -51.80% from its 52-week high. The company has generated returns on investments over the last 12 months (2.29%).
with sales reaching $203.1M over the same period.The EPS is expected to shrink by -31.65% this year, but quarterly earnings will post 2.77% year-over-year. Quarterly sales are estimated to grow 6.29% in year-over-year returns.
Myers Industries Inc (MYE) Top Institutional Holders
246.0 institutions hold shares in Myers Industries Inc (MYE), with institutional investors hold 95.08% of the company’s shares. The shares outstanding are 37.23M, and float is at 36.55M with Short Float at 3.50%. Institutions hold 93.39% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 5.65 million shares valued at $75.61 million. The investor’s holdings represent 15.3117% of the MYE Shares outstanding. As of 2024-06-30, the second largest holder is GAMCO INVESTORS, INC. ET AL with 3.28 million shares valued at $43.88 million to account for 8.8862 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 3.0 million shares representing 8.1338% and valued at over $40.17 million, while ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC holds 5.6671 of the shares totaling 2.09 million with a market value of $27.99 million.
Myers Industries Inc (MYE) Insider Activity
The most recent transaction is an insider purchase by Basque Dave, the company’s Interim President & CEO. SEC filings show that Basque Dave bought 5,000 shares of the company’s common stock on Dec 09 ’24 at a price of $12.41 per share for a total of $62050.0. Following the purchase, the insider now owns 39152.0 shares.
Myers Industries Inc disclosed in a document filed with the SEC on Dec 05 ’24 that Basque Dave (Interim President & CEO) bought a total of 5,000 shares of the company’s common stock. The trade occurred on Dec 05 ’24 and was made at $12.13 per share for $60650.0. Following the transaction, the insider now directly holds 34152.0 shares of the MYE stock.
Still, SEC filings show that on Dec 03 ’24, Basque Dave (Interim President & CEO) acquired 5,000 shares at an average price of $11.33 for $56650.0. The insider now directly holds 29,152 shares of Myers Industries Inc (MYE).
