Methanex Corp (NASDAQ: MEOH) is -27.81% lower on its value in year-to-date trading and has touched a low of $25.46 and a high of $54.49 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 $34.22 in the last trading session, with the day’s gains setting it 0.15%.
Currently trading at $34.37, the stock is -0.59% and 2.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.27 million and changing 0.44% at the moment leaves the stock -14.64% off its SMA200. MEOH registered -31.18% loss for a year compared to 6-month loss of -30.41%. The firm has a 50-day simple moving average (SMA 50) of $33.4462 and a 200-day simple moving average (SMA200) of $40.26385.
The stock witnessed a 4.56% gain in the last 1 month and extending the period to 3 months gives it a 0.94%, and is -1.29% 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 3.41% over the week and 3.51% over the month.
Methanex Corp (MEOH) has around 1415 employees, a market worth around $2.32B and $3.70B in sales. Current P/E ratio is 10.77 and Fwd P/E is 10.07. Profit margin for the company is 6.02%. Distance from 52-week low is 35.00% and -36.92% from its 52-week high. The company has generated returns on investments over the last 12 months (4.17%).
with sales reaching $826.76M over the same period.The EPS is expected to shrink by -20.88% this year, but quarterly earnings will post 4.96% year-over-year. Quarterly sales are estimated to shrink -10.17% in year-over-year returns.
277.0 institutions hold shares in Methanex Corp (MEOH), with institutional investors hold 82.10% of the company’s shares. The shares outstanding are 67.40M, and float is at 66.79M with Short Float at 0.74%. Institutions hold 81.84% 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.
