While Montrose Environmental Group Inc has overperformed by 7.60%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MEG fell by -39.14%, with highs and lows ranging from $49.97 to $16.06, whereas the simple moving average fell by -45.26% in the last 200 days.
On November 08, 2024, JP Morgan Downgraded Montrose Environmental Group Inc (NYSE: MEG) to Neutral. A report published by BofA Securities on November 06, 2024, Downgraded its rating to ‘Neutral’ for MEG. Evercore ISI also rated MEG shares as ‘Outperform’, setting a target price of $43 on the company’s shares in an initiating report dated August 14, 2024. Stifel Initiated an Buy rating on February 05, 2024, and assigned a price target of $36. JP Morgan November 09, 2023d its ‘Neutral’ rating to ‘Overweight’ for MEG, as published in its report on November 09, 2023. JP Morgan’s report from March 02, 2023 suggests a price prediction of $39 for MEG shares, giving the stock a ‘Neutral’ rating. BofA Securities also rated the stock as ‘Buy’.
Analysis of Montrose Environmental Group Inc (MEG)
Further, the quarter-over-quarter increase in sales is 6.40%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Montrose Environmental Group Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -7.04% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.93, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 656.24K can be a very valuable indicator of volatility for MEG stock. On a monthly basis, the volatility of the stock is set at 8.70%, whereas on a weekly basis, it is put at 10.53%, with a gain of 8.21% over the past seven days. Furthermore, long-term investors anticipate a median target price of $37.17, showing growth from the present price of $19.25, which can serve as yet another indication of whether MEG is worth investing in or should be passed over.
How Do You Analyze Montrose Environmental Group Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 14.62%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 99.10% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
MEG shares are owned by institutional investors to the tune of 99.10% at present.
