Montrose Environmental Group Inc (NYSE: MEG) is 24.69% higher on its value in year-to-date trading and has touched a low of $15.21 and a high of $49.97 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MEG stock was last observed hovering at around $17.44 in the last trading session, with the day’s gains setting it 5.69%.
Currently trading at $23.13, the stock is 19.25% and 17.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.05 million and changing 32.63% at the moment leaves the stock -19.93% off its SMA200. MEG registered -28.70% loss for a year compared to 6-month loss of -32.68%.
The stock witnessed a 7.43% gain in the last 1 month and extending the period to 3 months gives it a 29.29%, and is 28.14% 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 9.79% over the week and 6.51% over the month.
Montrose Environmental Group Inc (MEG) has around 3100 employees, a market worth around $793.38M and $696.39M in sales. Profit margin for the company is -10.54%. Distance from 52-week low is 52.07% and -53.71% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.33%).
with sales reaching $170.16M over the same period.The EPS is expected to grow by 81.57% this year, but quarterly earnings will post 9.62% year-over-year. Quarterly sales are estimated to grow 9.55% in year-over-year returns.
The shares outstanding are 34.31M, and float is at 30.10M with Short Float at 11.10%.
The top institutional shareholder in the company is BLACKROCK INC. with over 2.52 million shares valued at $112.15 million. The investor’s holdings represent 8.284 of the MEG Shares outstanding. As of 2024-06-30, the second largest holder is UBS ASSET MANAGEMENT AMERICAS INC with 2.36 million shares valued at $105.36 million to account for 7.7828 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 1.75 million shares representing 5.762 and valued at over $78.0 million, while FRED ALGER MANAGEMENT, LLC holds 4.189 of the shares totaling 1.4 million with a market value of $62.19 million.
Montrose Environmental Group Inc (MEG) Insider Activity
The most recent transaction is an insider sale by Manthripragada Vijay, the company’s President & CEO. SEC filings show that Manthripragada Vijay sold 12,500 shares of the company’s common stock on May 06 ’24 at a price of $46.51 per share for a total of $0.58 million. Following the sale, the insider now owns 0.32 million shares.
