While Methode Electronics, Inc has overperformed by 2.36%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MEI fell by -41.12%, with highs and lows ranging from $23.41 to $8.54, whereas the simple moving average jumped by 12.36% in the last 200 days.
On April 09, 2024, Jefferies started tracking Methode Electronics, Inc (NYSE: MEI) recommending Hold. A report published by Sidoti on March 07, 2024, Downgraded its rating to ‘Neutral’ for MEI. Jefferies also rated MEI shares as ‘Buy’, setting a target price of $52 on the company’s shares in an initiating report dated November 22, 2022. Robert W. Baird initiated its ‘Neutral’ rating for MEI, as published in its report on October 20, 2020. B. Riley FBR’s report from March 19, 2020 suggests a price prediction of $24 for MEI shares, giving the stock a ‘Neutral’ rating. Craig Hallum also rated the stock as ‘Buy’.
Analysis of Methode Electronics, Inc (MEI)
The current dividend for MEI investors is set at $0.56 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter increase in sales is 1.60%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Methode Electronics, Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -11.22% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.73, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and MEI is recording an average volume of 439.11K. On a monthly basis, the volatility of the stock is set at 6.51%, whereas on a weekly basis, it is put at 12.70%, with a gain of 13.90% over the past seven days. Furthermore, long-term investors anticipate a median target price of $14.67, showing growth from the present price of $13.03, which can serve as yet another indication of whether MEI is worth investing in or should be passed over.
How Do You Analyze Methode Electronics, Inc Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 7.23%. 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 93.61% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
MEI shares are owned by institutional investors to the tune of 93.61% at present.
