Mastec Inc. (NYSE:MTZ) shares, rose in value, with the stock price up by 0.48% to the previous day’s close as strong demand from buyers drove the stock to $127.39.
Actively observing the price movement in the last trading, the stock closed the session at $126.78, falling within a range of $124.16 and $127.69. The value of beta (5-year monthly) was 1.703 whereas the PE ratio was 1348.04 over 12-month period. Referring to stock’s 52-week performance, its high was $130.22, and the low was $44.65. On the whole, MTZ has fluctuated by 15.39% over the past month.
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With the market capitalization of Mastec Inc. currently standing at about $10.09 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-29.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 12.41B, with a low estimate of 3.39B and a high estimate of 3.46B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.44B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MTZ’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 67.40, with the price of MTZ currently trading nearly 2.77% and 11.59% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.44, while the 7-day volatility ratio is showing 2.32% which for the 30-day chart, stands at 2.85%. Furthermore, Mastec Inc. (MTZ)’s beta value is 1.70, and its average true range (ATR) is 3.66.
A comparison of Mastec Inc. (MTZ) with its peers suggests the former has fared considerably weaker in the market. MTZ showed an intraday change of 0.48% in last session, and over the past year, it grew by 90.08%%.
Data on historical trading for Mastec Inc. (NYSE:MTZ) indicates that the trading volumes over the past 10 days have averaged 0.68 and over the past 3 months, they’ve averaged 822.57K. According to company’s latest data on outstanding shares, there are 79.28 million shares outstanding.
Nearly 22.44% of Mastec Inc.’s shares belong to company insiders and institutional investors own 75.75% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.74 million shares as on 2024-09-30, resulting in a short ratio of 2.93. According to the data, the short interest in Mastec Inc. (MTZ) stood at 441.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 2.71 million. The stock has risen by 68.24% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MTZ stock heading into the next quarter.
